The global leader in the field of capital goods, Cnh, has entered into a exclusive license agreement, and multi-year, for electrification technologies with Monarch Tractor. The company is active in the field of innovative technologies for agriculture based in the United States, specializing in fully electric self-driving tractors.
The licensing agreement provides the launch of a scalable and modular electric platform, focused on low horsepower tractors. These will be developed in the coming years through various product families, using a dynamic process of continuous collection of indications and requests from farmers in order to ensure the creation of differentiated solutions, aligned to customer needs and destined to become industry leaders.
Furthermore, the agreement strengthens Cnh Industrial’s constant commitment to decarbonise agriculture through alternative propulsion systems. “We are confident that the new opportunities offered by Monarch will quickly strengthen our competitive position in sustainable precision agriculture. Their team’s talent, exceptional engineering skills and Silicon Valley’s R&D ecosystem will greatly enhance our digital capabilities. We are excited to work with Monarch to accelerate innovation in electric vehicle technology and quickly bring fully electric, autonomous and end-customer-friendly solutions to farmers around the world, ”he said. Scott Wine, chief executive officer of Cnh Industrial.
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