LORDSTOWN, Ohio (WKBN) – Three years after General Motors closed its Lordstown plant, a new model is promised to roll off the line.

The Monarch MX-V was revealed Thursday. Plans to build the all-electric tractor at the Lordstown facility were announced a couple of weeks ago. Thursday, we got to see one unveiled in person for the first time.

Executives with both Foxconn, which owns this plant, and Monarch Tractor unveiled what they’re calling the compact farm tractor, which is both all-electric and potentially autonomous, meaning nobody has to sit in the driver’s seat.

The deal was a year in the making. Monarch currently builds and sells in California but wanted to increase its production capacity.

“This is not a big combine or a big tractor that sells in the hundreds and thousands. We’re targeting tens of thousands going forward,” said Monarch Tractor CEO Praveen Penmetsa.

Monarch Tractor President Mark Schwager said they found what they were looking for at the Lordstown facility.

“Combining automotive electrification and electronics was really big for us and we really only found that here,” he said.

There are more than 400 people working for Foxconn with another 150 contract employees. With production of Lordstown Motors’ Endurance pickup and eventually the Fisker Pear, officials say those numbers could increase.

“Our technology is scalable, so we’re excited and this is just the beginning so stay tuned,” Penmetsa said.

“I don’t believe in accidents. Success is the result of vision, planning perseverance and execution,” said Foxconn Vice President Rick Rajaie.

Executives with Monarch Tractor say the timing of that recently signed Inflation Reduction Act in Washington could help make the pricing of their new product more competitive with similar vehicles from other makers.

The new spending plan includes tax incentives for those who purchase electric agriculture equipment. Congressman Bill Johnson, R-6th District, said Congressman Tim Ryan, D-13th District agreed that Congress needs to do all it can to help American farmers who are struggling with high fuel costs.

“Many farmers are saying that they are not going to harvest this fall because they can’t afford the fuel,” Johnson said. “Many farmers are saying they are not going to plant next spring, so anything we can do to give farmers an advantage.”

“The tax incentives to let farmers invest into these (EV tractors) is going to be a very big deal and then to continue to build the supply out here so we’re not relying in China for the component parts,” Ryan said.

Monarch executives say they will target sales of their compact tractors to farmers who have to work in more confined spaces with narrow rows of crops. The autonomous feature will allow them to operate the tractors remotely, so more work can be done with fewer employees.