LORDSTOWN, OH—Foxconn has signed an agreement to manufacture Monarch Tractor’s battery packs and electric agricultural equipment at its assembly plant here.
“This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations,” says Young Liu, chairman of Foxconn.
Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin in the first quarter of 2023. Monarch will begin manufacturing its Founder Series tractor at its assembly plant in Livermore, CA, in the fourth quarter of 2022.
In May 2022, Foxconn acquired the Lordstown assembly plant from EV maker Lordstown Motors Corp., which acquired it from General Motors in November 2019.