In the fall of 2021, the Fendt 500 series was updated and the model designation was extended with Gen3. The cab and controls were now FendtONE, similar to the larger models. The wheelbase was increased by 11 cm. The engines were 4.04-liter Deutz models, which, in addition to other emissions technologies, featured cooled exhaust gas recirculation and a pneumatically controlled wastegate turbo. The ML90 transmission reached a speed of 50 km/h at 1700 rpm. The lifting capacity was 7.9 tons. The closed hydraulic system offered a standard output of 75 l/min.

Standard equipment included a 10" dashboard display, headland automation, 2 electrically controlled hydraulic valves, and mechanical cab suspension. Starting from the Power+ model, the armrest featured a 12" terminal and joystick. The Profi model came standard with a 110-liter pump and ISOBUS control.

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