Modine Manufacturing Company announced today a multi-year supply agreement with a leading global electric vehicle manufacturer. Modine will provide its EVantage™ thermal management systems for the manufacturer's upcoming line of all-electric commercial delivery vans.
The agreement is a major win for Modine's EV Systems group and supports the company's strategic pivot toward electric vehicle technologies. Modine did not disclose financial terms, but said the agreement represents a substantial portion of its projected EV-related revenue over the next five years.
The systems will address electric vehicles' need for efficient battery cooling and cabin climate control, drawing on Modine's expertise in thermal dynamics.