Foxconn, which earlier this year bought General Motors former Chevy Cruze plant from Lordstown Motors, plans to make Monarch Tractor electric farm vehicles at the plant starting in 2023.
The Taiwan-based company, best know as the contract manufacturer for Apple iPhones, is pushing into electric vehicles with contracts in Ohio to make Lordstown Motors’ Endurance EV pickup, Fisker’s upcoming Pear small car and now the Monarch Tractor MK-V series tractor and battery packs for the tractor.
“Leveraging Foxconn’s manufacturing strengths, world-wide network of industry leaders and supply partners and our new partnership with Monarch Tractor, Foxconn is positioned and eager to contribute to the ongoing and future success of Monarch Tractor, its products and its customers,” said Young Liu, Chairman of Hon Hai Technology Group, more commonly known as Foxconn. “This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations.”
Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin Q1 2023 in Ohio. This will follow production of Monarch’s Founder Series in Q4 of 2022 at Monarch Tractor’s Livermore, California, manufacturing facility.
“Creating the industry’s most advanced tractor demands a manufacturing partner with the experience to quickly scale and execute with precision,” said Praveen Penmetsa, co-founder & CEO of Monarch Tractor.
