Quick summary
- 1,000 W motor, 20x4 wheels with a wide tire, limited to 32 km/h, so no driver's license or plate is needed in Brazil.
- Priced at R$ 5,916 in the listing we analyzed on Oct 17, 2026, practically the same as the V9 Max.
- Removable lithium battery with an advertised range of 50 to 60 km. Owners report 40 to 50 km.
- The listing contradicts itself on battery, weight and load: check before you buy.
- No alarm, turn signals or NFC on the version sold today, and a new FT03 has already leaked.
The yellow FT03 has become one of the most searched e-bikes on Mercado Livre, with a motorcycle look and an aluminum frame. Here is what the listing says, where the data doesn't add up, and how it holds up against the V9 Max, its main rival.
Watch the video test
Specs: Panda FT03
| Brand | Panda (a sub-brand of Wanshida, according to the listing) |
|---|---|
| Model | FT03 |
| Motor | 1,000 W |
| Battery | Lithium, removable. The title says 48V and 18Ah, the spec sheet says 48V and 20Ah, and the description mentions 60V and 18Ah |
| Advertised range | 50 to 60 km in the description (one spec field says 60 h, which looks like an error) |
| Top speed | 32 km/h |
| Weight | 80 kg in the listing's spec sheet, which looks like the shipping weight with the box |
| Max load | 120 kg and 130 kg in the description; 200 kg in the spec sheet |
| Wheels and tires | 20x4 wheels, wide tubeless tire (60/100-10 in the description) |
| Brakes and suspension | Drum brake and hydraulic front suspension with rear springs, according to the description |
| Foldable | No |
| Assembly | Assembly required |
| Warranty | 3 months from the manufacturer, according to the listing |
Data from the Mercado Livre listing on Oct 16, 2026. It varies from seller to seller, so confirm on the listing you decide to buy.
What we like and what we don't
Strengths
- Aluminum frame that doesn't rust
- Wide tire and motorcycle look
- Priced like the V9 Max, around R$ 5.9k
- Removable lithium battery you can charge indoors
Weaknesses
- Listing with contradictory battery, weight and load data
- The version sold today has no alarm, turn signals or NFC, according to the channel's video
- Lower load limit than the V9 Max, and a short seat for a passenger
- A new FT03 version has already leaked, which may affect the price of the current one
Who it's for
Good for: riders who want a 1,000 W e-bike with an aluminum frame and a different look, for the price of a V9 Max.
Maybe not for: riders close to the load limit, riders who want to carry a passenger, or anyone who needs a built-in alarm and NFC.
What buyers say
Summary by our team. See them all on Mercado Livre.
- Only 2 reviews on the listing we analyzed, so the rating doesn't say much yet
- A recent buyer praises the savings on gas and how nimble it is in traffic, and mentions a torn seat and paint flaws
Frequently asked questions
Does the FT03 need a driver's license or a plate?
No, as long as it is limited to 32 km/h and has up to 1,000 W, under Contran Resolution 996/2023. The listing states this.
What is the FT03's real range?
The listing says 50 to 60 km. Based on the math and on owners cited in the channel's video, the estimate is 40 to 50 km.
FT03 or V9 Max: which should you pick?
The prices are almost the same. The V9 Max wins on NFC, alarm, turn signals, dual rear suspension and a 150 kg load limit. See the full duel.
Is it worth waiting for the new FT03?
It has only appeared in leaked photos and videos, with no price or date. If you need a bike now, waiting has a cost. See the article about the leak.
Verdict
The FT03 is a good option if you like the look and the aluminum frame and are willing to pay V9 Max money. But the V9 Max delivers more equipment and a higher load limit. Before buying, confirm the battery, the maximum load and the brake type with the seller, because the listing contradicts itself.
Want the Panda FT03? See today's price
The price changes every week. Check the updated price, shipping and seller on Mercado Livre (prices in Brazilian reais).
Price in the Mercado Livre listing on Oct 19, 2026. It can change at any time.
See the price on Mercado Livre
