CNH ENTER TECHNOLOGY LICENSING AGREEMENT

CNH Industrial has announced that it has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor, a US-based AgTech company specialising in fully electric autonomous tractors.

CNH say the 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. The manufacturer adds that the process will continuously gather farmers’ input to ensure developments are aligned to customer needs.

This agreement also furthers CNH Industrial’s commitment to decarbonizing agriculture through alternative propulsion systems.

CNH say this mutually beneficial partnership will enable them to enhance their internal electrification capabilities and develop new electrified platforms faster. In turn they say, Monarch Tractor will be able to harness the benefits of CNH Industrial’s sector expertise in product, brand, distribution, and supply chain strength.

Scott Wine, chief executive officer, CNH Industrial said, “We are confident that the new pathways provided by Monarch will rapidly strengthen our competitive position in sustainable precision farming. Their talented team, exceptional engineering acumen and Silicon Valley R&D ecosystem will greatly enhance our digital capabilities."