Taiwan's Foxconn, the world's largest contract electronics maker, has stated that it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.
Monarch Tractor signed a contract manufacturing agreement with Foxconn to produce the Monarch MK-V electric tractor and battery packs at facility.
Monarch co-founder and CEO Praveen Penmetsa worked in the automotive market early in his career, and is no stranger to the automotive supply chain in the Midwest. The Foxconn Ohio facility is located near Lordstown in eastern Ohio and boasts approximately 6.2 million square foot campus of scalable production space. The facility produced General Motors vehicles for 50 years before selling the property to Lordstown Motors in 2019. Other notable clients of Foxconn at the facility include Apple and the electric truck company Lordstown Motors.
Full-scale production of Monarch Tractor’s MK-V Series is scheduled to begin in the Lordstown facility in Q1 2023. This will follow production of Monarch’s Founder Series in Q4 of 2022 at Monarch Tractor’s Livermore, California, manufacturing facility.