On October 22, 2025, Massimo Group announced that production of its new 2026 MVR Golf Cart and MVR Cargo Max Electric Utility Cart has begun in Vietnam. This marks the first production run of the new models in the new facility.
The Vietnam partnership allows Massimo to increase output while maintaining quality. The new lithium‑ion battery options (48 V 105 Ah) replace lead‑acid batteries, offering higher performance, longer lifespan, and greater efficiency. CEO David Shan said the partnership is an important milestone that improves efficiency, lowers costs, and expands the company’s ability to meet demand.
The production expansion is part of Massimo’s broader strategy to expand global manufacturing partnerships and deliver innovative electric solutions. It is expected to improve gross‑margin performance, strengthen logistics, and support scalable international growth.
The launch of production in Vietnam and adoption of advanced battery technology represent a tangible operational milestone that could enhance profitability and market reach. It signals Massimo’s commitment to scaling its electric‑vehicle lineup and could positively impact future earnings and margin expansion.
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