GOLF CART MARKET ANALYSIS

Key Developments

• In January 2022, DSG Global, Inc., a rising player in the Electric Vehicle and Golf Cart industries, unveiled its groundbreaking Shelby Golf Cart line at the PGA Show, the golf business's premier annual event.
• In October 2021, Columbia Vehicle Group announced a partnership with Inventus Power, a global leader in advanced battery system design and manufacturing. The collaboration was aimed at incorporating Inventus Power's lithium-ion battery packs as an option for Columbia's Utilitruck product line.
• In October 2021, Kinetic Green Energy & Power Solutions Ltd, an Indian electric vehicle manufacturer, partnered with Lamborghini to produce Italian-designed and India-manufactured golf carts targeting the global market. The joint venture, in which Kinetic Green holds a 75% stake.
• In August 2021, Club Car, a leading golf cart manufacturer, announced a partnership with ezLocator, the industry's premier provider of daily pin placement management solutions. This new integration allows golfers to seamlessly access precise yardage information through the cloud, enhancing their on-course experience.
• In June 2021, E-Z-GO, a subsidiary of Textron Specialized Vehicles, introduced the E-Z-GO Liberty, a groundbreaking vehicle that revolutionizes the golf cart industry by offering four forward-facing seats in a compact, golf-car-sized frame. Equipped with a high-performance, maintenance-free Samsung SDI lithium-ion battery system, the Liberty delivers an unparalleled driving experience.