Modine Announces New Line of EVantage™ Electric Compressors and Valves for Commercial Electric Vehicles

Rhea-AI Summary

Modine (NYSE: MOD) has launched its new EVantage™ Electric Compressor and Valve Product Lines for heavy-duty electric vehicles (EVs). These components are designed to optimize thermal management for battery cooling, power electronics, and cabin air conditioning in harsh, high-vibration environments. The product line includes:

1. EVantage High Voltage (HV) Electric Compressor: A lightweight, robust design for consistent performance and electrical integrity.

2. EVantage 3-Way Coolant Valve: A compact solution for efficient coolant flow to vital EV components.

Both products are IP67-rated, adaptable to 12V and 24V systems, and have undergone rigorous testing to ensure durability and reliability in extreme conditions. These components aim to keep commercial EVs operational through long days and challenging environments, potentially reducing downtime and maintenance costs.

Positive

• Introduction of new EVantage™ Electric Compressor and Valve Product Lines for heavy-duty EVs
• Products designed to withstand harsh conditions and high vibrations in commercial EVs
• Potential for increased reliability and durability in EV thermal management systems
• Adaptability to both 12V and 24V systems, enhancing product versatility
• IP67-rated components, offering protection against dust, dirt, and water intrusion

Negative

• None.

Tech Expert

Modine's introduction of EVantage™ Electric Compressors and Valves marks a significant step in addressing the unique challenges of heavy-duty EV thermal management. The IP67-rated components demonstrate Modine's commitment to durability in harsh environments, a important factor for commercial EV adoption.

The compressor's adaptability to both 12V and 24V systems showcases versatility, potentially reducing inventory complexity for manufacturers. The valve's compact design with three 28mm ports efficiently manages coolant flow, which is critical for maintaining optimal battery and electronics temperatures in high-stress conditions.

While these components could enhance EV performance and reliability, their market impact will depend on Modine's ability to secure partnerships with major commercial EV manufacturers. The true test will be in real-world applications, where long-term durability and performance data will be important for industry acceptance.

Market Research Analyst

Modine's new product line aligns with the growing demand for specialized EV components in the commercial sector. With the global commercial EV market projected to grow at a CAGR of 32.7% from 2021 to 2028, Modine is positioning itself strategically in a high-growth segment.

The focus on heavy-duty applications addresses a critical gap in the market, as most existing solutions are adapted from passenger EVs. This specialization could give Modine a competitive edge, potentially leading to increased market share and revenue growth in the EV thermal management space.

However, success will hinge on factors such as pricing, supply chain efficiency and the pace of commercial EV adoption. Investors should monitor Modine's ability to secure contracts with major commercial vehicle manufacturers and track the revenue contribution from this new product line in future earnings reports.

Designed for battery cooling and A/C, the EVantage™ Components deliver the reliability and durability demanded by heavy-duty, high-use Commercial EVs.

RACINE, Wis., Aug. 13, 2024 /PRNewswire/ -- Heavy-duty electric vehicles require components that endure harsh conditions with high vibrations and use. With this in mind, Modine (NYSE: MOD, "Modine" or the "Company"), a diversified global leader in thermal management technology and solutions, today announced the availability of the EVantage Electric Compressor and Valve Product Lines. As the latest addition to the EVantage product family, these ready-to-integrate solutions are designed to work seamlessly in heavy-duty electric vehicles (EVs), optimizing thermal management for battery and power electronics cooling, as well as A/C for the passenger cabin. The two EVantage components introduced today include:

• The EVantage High Voltage (HV) Electric Compressor is an adaptable and intelligent product that plays a crucial role in the refrigeration circuit of EVs conditioning the coolant flowing to the battery pack or the air for the cabin HVAC system. This lightweight yet robust design ensures consistent performance and electrical integrity even under harsh conditions.
• The EVantage 3-Way Coolant Valve is a compact and versatile solution that delivers a consistent coolant flow to vital components and systems of heavy-duty EVs. The compact and durable coolant valve is designed to integrate seamlessly. It features three 28mm ports to efficiently channel coolant to battery packs, power electronics, motors, and other vehicle sub-systems.

"Our new EVantage Electric Components have been purpose-built for the harsh, high vibration environments experienced by Commercial EVs to provide high reliability and high durability operation," said Gina Maria Bonini, Vice President and General Manager of Advanced Thermal Systems at Modine. "Our goal was to design a suite of products to keep Commercial EVs on the road through long days and extreme conditions. The Modine EVantage electric components are proven to withstand the most unforgiving conditions through rigorous testing."

The EVantage compressor is engineered to seamlessly adapt to 12V and 24V systems, offering a lightweight build with a proprietary design for mounting, which removes orientation restrictions. Resistant to dust, dirt, and water intrusion, the compressor endures heavy vibration and resists corrosion to maintain electrical integrity in even the harshest environments. The EVantage 3-Way Coolant Valve thrives in similarly challenging conditions with its compact, all-in-one design and is also suitable for 12V and 24V systems. This valve with voltage feedback offers consistent flow to essential components, making it versatile across various vehicle platforms, including off-highway machinery, trucks, bus sectors, and more. Both components are IP67-rated and validated by the most stringent test standards to ensure durability and adaptability for heavy-duty EVs.

To learn more about how Modine can shorten EV design and development cycles, please visit www.ModineEV.com.

About Modine
At Modine, we are Engineering a Cleaner, Healthier World™. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

CONTACT INFORMATION:
Technica Communications
Caitlan Caviness
modine@technica.inc 

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SOURCE Modine

FAQ

What new products has Modine (MOD) announced for electric vehicles?

Modine has announced the EVantage™ Electric Compressor and Valve Product Lines, including the EVantage High Voltage (HV) Electric Compressor and the EVantage 3-Way Coolant Valve, designed for heavy-duty electric vehicles.

What are the key features of Modine's new EVantage™ components for EVs?

The key features include adaptability to 12V and 24V systems, IP67 rating for protection against environmental factors, lightweight yet robust design, and the ability to withstand harsh conditions and high vibrations typical in commercial EVs.

How do Modine's new EVantage™ products benefit commercial EV operations?

The EVantage™ components are designed to optimize thermal management for batteries, power electronics, and cabin air conditioning, potentially reducing downtime and maintenance costs by ensuring reliable operation in extreme conditions.

What types of vehicles are Modine's new EVantage™ components suitable for?

The EVantage™ components are suitable for a wide range of heavy-duty electric vehicles, including off-highway machinery, trucks, buses, and other commercial EV applications that require robust thermal management solutions.