Its Taiwan-based Hon Hai Technology Group, also known as Foxconn signed a for manufacturing with Zimeno Inc DBA Monarch Tractor to develop next-generation agricultural equipment including battery packs in the factory located in Lordstown, Ohio.
Foxconn in the year that ended this year concluded the purchase of the factory from EV company Lordstown Motors, which in turn purchased the factory in late 2019 from General Motors in late 2019.
The Taiwanese company is set to begin production in full-rate on Monarch Tractor’s self-driving, all-electric MK-V Series tractor within the 1st quarter 2023 in Foxconn Ohio. Foxconn Ohio facility that covers approximately 6.2 millions sq inches (576,000 sq meters) of flexible production space.
Young Liu, the chairman of Hon Hai Technology Group, said that the partnership is a reflection of “Foxconn’s increasing centrality for autonomous electric vehicle development and the potential that will be realized through forward-looking collaborations.”
The Monarch MKV electric tractor is driven by an operator with a human hand or by autonomously. The electric motor offers an output of forty horsepower that is continuous, or 70 horsepower at peak power. It can run for a period that exceeds 10 hours with fully charged batteries, it requires a charge time of 4 to 5 hours when using an 80A charging device.
The contract to Monarch Tractor is the first manufacturing contract for Foxconn following the signing of Asset Purchase Agreement (APA) with Lordstown Motors in May 2022.
In connection with the arrangement that was signed between Foxconn as well as Lordstown Motors, the Taiwanese company will also manufacture Lordstown Endurance, the Lordstown Endurance electric pickup truck at the Ohio plant. The most recent estimate for the commencement of production taking place in the third quarter of this year.
Foxconn additionally has signed a contract manufacturing agreement in place with EV company Fisker Inc to build the PEAR entry-level EV in 2024 at the Lordstown plant.