Monarch monarch is not built by Foxconn after the sale of Ohio factory

Foxconn will not build electrical tractors to the giant tractor giant giant for the giant tech tech Taiowanese recently sold Ohio factory to Softbank.

Monarch CEO Praveen Penmetsa confirmed the news on Comment LinkedIn Tuesday. He also said that the company was working with Foxconn for “Developing inventory” before the factory sell, so starting to achieve customer demand for the next 12 months, along with a large part. “

“In the coming weeks, we will show more about the plan to introduce more active products in the monarchy in the market through the new manufacturer partnership,” Penchsa Write.

Following the seller, SoftBank is expected to work with Foxconn to use the factory to make equipment for the Stargate AI project that opens and Oracle.

Foxconn bought the General Motors factory from EV Startup Motors in 2022. Foxconn’s chair, said before the seller would be “the most important R & D factory in North America.”

Monarch is one of four Foxconn Companies promoting as customers (or potential customers) the operating of electricity vehicular manufacturers trying to establish the ex-factory Motors. Foxconn build several hundred tractor for monarch in plant, but the opening is struggling. Last year ago, over two layoff rounds And you need to rush Pivot for new customers as California crashes industry.

Three other Foxconn companies want to build a vehicle so that all is submitted. When Foxconn makes a handful of Lorststown Motors in the plant, starting in 2023. Another Other candidor is Fisper Inc. and the start of California startup called indiev. Foxconn never builds a vehicle for the company in the factory, and they are also none of the business.

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