10 Worst Performing NASDAQ Stocks So Far in 2026

7. EZGO Technologies (NASDAQ:EZGO)

Year-to-Date Performance: -97.96%

EZGO Technologies (NASDAQ:EZGO) is one of the worst performing NASDAQ stocks so far in 2026. On April 21, EZGO Technologies secured the official real estate ownership certificate for its self-built manufacturing facility in Changzhou, China. This certification confirms that the 36,547-square-meter complex complies with all regulatory requirements and grants the company legal operational rights for the next 50 years. The facility consists of seven reinforced-concrete buildings, including five multi-storey production units and two support structures.

The complex is engineered to significantly scale EZGO’s output, with a planned annual capacity of 100,000 intelligent electric two-wheeled vehicles and 5,000 unmanned service patrol vehicles. Additionally, the site will support the production of 0.5 GWh of graphene-based lightweight power lithium batteries. By integrating R&D and manufacturing, the facility serves as the primary hub for the company’s intelligent mobility and energy storage businesses.

With full legal title confirmed, EZGO Technologies (NASDAQ:EZGO) is transitioning to the equipment installation and production line commissioning phase. Commercial operations are targeted to begin later this year. Management expects the new facility to improve operational efficiency, strengthen manufacturing capabilities, and accelerate product innovation across its electric mobility and battery portfolios.

EZGO Technologies (NASDAQ:EZGO) operates an IoT-driven platform specializing in the design, manufacturing, and sale of electric mobility products and intelligent robots. Their business model also encompasses critical components and infrastructure, including batteries, electronic control systems, and charging facilities.