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Modine To Create Division For Electric Vehicles - Quick Facts

Modine Manufacturing Company (MOD) said the company is creating a separate business division to focus exclusively on thermal management systems for electric vehicles. The company noted that this marks an important step in accelerating electric vehicle strategy.

Neil Brinker, CEO, said: "We plan to name a dedicated leader to this group and will invest in the people and technology to support this dynamic and rapidly developing market."

Modine produces complete electric vehicle heat exchange systems that regulate powertrain temperatures within optimal ranges under all operating conditions. The company is in development discussions with more than 30 customers.

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