Foxconn will build a Monarch electric tractor at its Ohio plant starting in the first quarter of 2023

Taiwanese group Hon Hai Technology, better known as Foxconn, has signed a manufacturing contract with Zimeno Inc DBA Monarch Tractor to build next-generation agricultural equipment and batteries at the factory in Lordstown, Ohio.

Foxconn completed the acquisition of the factory this year from EV startup Lordstown Motors, which in turn purchased the facility from General Motors in late 2019.

The Taiwanese company will begin full-rate production of Monarch Tractor’s all-electric, self-driving MK-V series tractor in the first quarter of 2023 at Foxconn’s factory in Ohio, which is approximately 6.2 million square feet. (576,000 square meters) of scalable manufacturing space.

This will follow production of Monarch’s Founder Series in Q4 2022 at Monarch Tractor’s manufacturing facility in Livermore, California.

“Creating the industry’s most advanced tractor requires a manufacturing partner with the experience to scale quickly and execute with precision. Foxconn is an EMS leader with world-class manufacturing and solutions. We are proud to partner with Foxconn and work together to transform the future of agriculture.”

Praveen Penmetsa, co-founder and CEO of Monarch Tractor

Young Liu, chairman of Hon Hai Technology Group, said the partnership reflects “Foxconn’s growing center of gravity for the production of autonomous electric vehicles and the potential that can emerge from forward-thinking collaborations.

The Monarch MK-V electric tractor can be driven either by a human operator or autonomously. Its electric powertrain delivers 40 continuous horsepower or 70 peak horsepower. It offers over 10 hours of battery life on a full battery charge while requiring a 4-5 hour charge time with an 80A charger.

The agreement with Monarch Tractor is Foxconn’s first contract manufacturing commitment following the conclusion of the asset purchase agreement (APA) with Lordstown Motors in May 2022.

As part of Foxconn’s deal with Lordstown Motors, the Taiwanese company will also build the Lordstown Endurance electric pickup truck at the Ohio plant, with the latest estimate for the start of production being the third quarter of this year.

Foxconn also has a contract manufacturing agreement with EV startup Fisker Inc to build the entry-level PEAR EV from 2024 at the Lordstown plant.

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