Claas has entered into a cooperative venture with Dutch start-up AgXeed B.V. and acquired a minority shareholding in the company's international funding round as a mark of their commitment.
California startup Monarch Tractor announced in December 2020 that it had produced the world’s first fully electric, driver-optional, smart tractor integrated on a single platform.
According to a report from Nikkei Asia, Kubota will offer "electric versions of mini excavators and compact tractors used to maintain parks" as part of a plan to reduce carbon emissions by 30% by 2030.
CNH Industrial announced it has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company, which will assist in accelerating agricultural industry transformation towards autonomy and electrification.
Sales for 2020 were $7.1 billion, compared with $8.6 billion in 2019. The decrease is primarily attributable to weaker demand across all mobility markets due to customers idling operations through the middle of the year in response to the global COVID-19 pandemic.
With new CEO Eric Hansotia, AGCO is sowing the seeds for a global refresh of its mission, a mission that includes electrified farm machinery, autonomous field robots and smart tractor retrofits.
In the fourth quarter of 2020, Exel Industries generated revenue of $267.4 million, up $31.1 million (+13.1%) compared with fourth quarter 2019. At constant foreign exchange rates and scope, fourth quarter revenue amounted to $254.6 million, up 7.7% from fourth quarter 2019.
The automotive industry is undergoing the most radical transformation since people sold their horses and carriages and purchased automobiles. Almost every automaker is investing billions of dollars to develop and market all-electric vehicles. The ag equipment industry, by contrast, does not appear to be investing billions into transitioning much of existing gas and diesel equipment to electric power.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.