The first five Monarch MK-V smart tractors have rolled off the production line at the Foxconn manufacturing facility in Ohio.
Foxconn began commercial production of the MK-V in the first quarter of the year as planned. After the official delivery of the new tractors to customers, the facility will be taking the next steps in tuning the production line and material sourcing in preparation for full-rate production.
The MK-V launched to the public in 2020 as fully-electric, driver-optional tractors, with the goal of helping farmers improve field safety, streamline farming operations, and reduce carbon emissions.
“As a leader in manufacturing some of the world’s most influential electric and autonomous technologies, Foxconn is the ideal partner for us as we look to rapidly expand production of the MK-V,” says Praveen Penmetsa, co-founder and CEO for Monarch Tractor. “Today’s farmers need solutions like the MK-V that will increase farm profitability and sustainability, and we’re the first company that is able to fulfill the global demand for these solutions. This is also a massive opportunity to produce large volumes of smart tractors in this class. We are excited to partner with Foxconn as we forever change the future of electrified farming.”
To learn more about Monarch Tractor and the MK-V tractor, visit MonarchTractor.com.
