LORDSTOWN, Ohio (WKBN) – Foxconn announced that it will be making an electric tractor and battery equipment at its Lordstown facility.
Foxconn is partnering with California-based Monarch Tractor, the maker of the world’s first fully-electric, driver-optional smart tractor.
“Our target market is fruits and vegetables, farmers in very tight spaces,” said Praveen Penmetsa, CEO of Monarch Tractor.
Production of the Monarch Tractor’s MK-V Series is scheduled to begin in the first quarter of 2023 at the Foxconn plant in Lordstown.
Penmetsa said the decision to locate in the Valley came down to two numbers.
“Six-point-2-million square feet of manufacturing, 600-plus people of very skilled, talented people,” he said.
Penmetsa said he toured the Lordstown plant and executive with Foxconn have been to his plant in California. He added that the move will Monarch to grow quickly.
“It’s gonna allow us to build our tractor in high volume and take advantage of Foxconn’s expertise on the electronic side,” Penmetsa said.
The addition of Monarch would be the third company to reach deals with Foxconn to build in the Valley. Besides Lordstown Motors, Fisker has announced it will build its PEAR personal electric sedan starting in 2024.
“I think Foxconn has turned out to be a very corporate neighbor in this community, and we look forward to growing together with them,” said Guy Coviello, president and CEO of the Youngstown-Warren Regional Chamber.
Lordstown Motors also previously announced that commercial production of the Endurance truck will be in the third quarter of 2022.
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