Modine Manufacturing Company's EV Thermal Solutions segment develops and manufactures thermal management systems specifically for EV battery packs and power electronics. Products include aluminum liquid-cooled battery cooling plates, heat exchangers for EV inverters, and immersion cooling systems for high-performance battery packs. Modine's EV thermal division has secured supply programs with GM (Ultium), Rivian, and other EV OEMs. The segment generates approximately $400 million in revenues and is growing rapidly with EV adoption.
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