Modine Manufacturing Creates Electric Vehicle Business Unit

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  • Modine Manufacturing Co MOD is establishing a separate business unit to focus exclusively on thermal management systems for electric vehicles.
  • The company plans to name a dedicated leader to this group and invest in the people and technology to support the fast-developing market.
  • Modine currently produces complete electric vehicle heat exchange systems that regulate powertrain temperatures within optimal ranges under all operating conditions.
  • Modine's products are suited for transit and school buses, specialty vehicles, and trucks, including those used for last-mile delivery.
  • Price Action: MOD shares are trading higher by 0.26% at $11.43 on the last check Thursday.
Posted In: NewsSmall CapBriefs
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