Foxconn signed a contract manufacturing agreement (CMA) with Monarch Tractor, an innovative farming solution provider to produce its agricultural equipment and battery packs. Monarch Tractor’s MK-V Series will enter full-rate production at our Ohio facility in Q1 2023.
Monarch Tractors is working to harness 21st-century technology to empower farmers by enabling the profitable implementation of regenerative, sustainable, and organic practices.
Monarch Tractor, the world’s first fully electric, driver optional, smart tractor, enhances farmers’ existing operations, minimizes labor shortage, and maximizes yield.
Hon High Technology Group (also known as “Foxconn”) has partnered with Ximeno Inc. to manufacture next-generation agricultural equipment and battery packs at Foxconn. DBA has signed a Contract Manufacturing Agreement (CMA) with Monarch Tractors (also known as “Monarch Tractors”). Ohio facility.
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Full-rate production of the MK-V series of Monarch tractors is scheduled to begin in Q1 2023 at the Foxconn Ohio facility, a nearly 6.2 million square foot complex of scalable production space. This will follow the production of Monarch’s Founders Series in the fourth quarter of 2022 at Monarch Tractor’s Livermore, Calif., manufacturing facility.