Massimo Group (NASDAQ:MAMO) shares jumped 38.86% to $1.37 in after-hours trading on Wednesday after the Texas-based company announced a strategic cooperation agreement with Chinese intelligent service robotics developer Shenzhen AIBO Robotics Co., Ltd., marking its entry into commercial automation and AI-enabled robotics.
MAMO Eyes AI Upgrades To Existing Platforms
Under the agreement, Massimo plans to explore AI-driven upgrades to its golf cart and utility vehicle platforms, including semi-autonomous navigation, obstacle detection and remote monitoring. The company also intends to evaluate patrol-support and inspection assistance use cases in managed environments, leveraging its U.S.-based assembly capabilities to localize AIBO’s systems for North American deployment.
CEO David Shan said, “We believe MAMO is positioned to evaluate practical automation applications across a range of real-world environments.”
Massimo said it believes the partnership aligns with its core strengths in equipment assembly, electromechanical integration, supply chain coordination, deployment execution and operational support, potentially supporting its expansion into robotics …
