Taiwan's Foxconn to Build Monarch's Autonomous Tractors at Ohio Plant

Taiwan's Foxconn has announced the signing of a contract manufacturing agreement withMonarch Tractor to build next-generation agricultural equipment and battery packs at its Ohio facility. Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin Q1 2023 at the Foxconn Ohio facility, an approximately 6.2 million square foot campus of scalable production space.

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

In May 2022, Foxconn assumed manufacturing operations at its Ohio facility after completing an agreement with Lordstown Motors Corp. 

Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) s the world’s largest electronics manufacturer

Young Liu, Chairman of Hon Hai Technology Group, says: “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. This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations.”

"Creating the industry's most advanced tractor demands a manufacturing partner with the experience to quickly scale and execute with precision," adds Praveen Penmetsa, Co-Founder & CEO of Monarch Tractor. “Foxconn is an EMS leader whose manufacturing and solutions are world-renowned. We are proud to partner with Foxconn and work together to transform the future of farming."

Monarch Tractor is working to utilise 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices.