CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor, a US-based AgTech company specializing in fully electric autonomous tractors.
This agreement is the latest development between the two parties, building upon the minority investment stake made by CNH Industrial in March 2021.
The license agreement foresees the launch of a scalable, modular electrification platform focusing on low-horsepower tractors. These will be developed across multiple product families in the coming years, using an agile process that continuously gathers farmers’ input to ensure the development of differentiated solutions aligned to customer needs.
This agreement also furthers CNH Industrial’s ongoing commitment to decarbonizing agriculture through alternative propulsion systems. Green Car Congress - link - GCC - link - more like this- link
The license agreement foresees the launch of a scalable, modular electrification platform focusing on low-horsepower tractors. These will be developed across multiple product families in the coming years, using an agile process that continuously gathers farmers’ input to ensure the development of differentiated solutions aligned to customer needs.
This agreement also furthers CNH Industrial’s ongoing commitment to decarbonizing agriculture through alternative propulsion systems. Green Car Congress - link - GCC - link - more like this- link
No comments:
Post a Comment