Modine Manufacturing Creates Electric Vehicle Business Unit

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.