LYC 2.06% $5.95 lynas rare earths limited

UK's GKN to supply 1 million "eDrive" units by 2025

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    http://www.reuters.com/article/us-autoshow-shanghai-electromobility-idUSKBN17L1PT
    GKN, a global engineering group based in England that supplies components for the BMW i8 and Volvo's XC90, said on Wednesday China would become its global production hub for electrified drivelines starting in 2018 and production would be ramped up to an annual 1 million "eDrive" units by 2025.
    Through a Chinese joint venture company, SDS, GKN will start making an electric transmission for a domestic Chinese automaker in 2018 and then deliver an electric motor, inverter, axle and gearbox for a European firm's small car platform a year later.
 
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