Taiwanese contract manufacturer Foxconn has commenced production of the first MK-V all-electric tractors for Monarch under a previously announced manufacturing agreement. The first tractors recently rolled off assembly lines at the well-known Lordstown production facility in Ohio.
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Fully-electric, autonomous farm equipment manufacturer Monarch Tractor has announced that the company, alongside its group partners have been awarded a grant of $3 million from the California Energy Commission to accelerate the electrification of agricultural equipment. Furthermore, the companies will demonstrate bi-directional capabilities in the farming equipment to support local electrical grids during power outages brought on by more frequent wildfires.
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Foxconn has signed its first contract manufacturing agreement since acquiring a Ohio facility from Lordstown Motors. In addition to building EVs for Lordstown and Fisker Inc., Foxconn will now also be manufacturing advanced, driver optional electric tractors and battery packs for Monarch Tractors.
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