exclusive: china's lishen plans first european sales office for electric vehicle batteries - source - lithium ion rechargeable battery

LONDON/BERLIN (Reuters)-
Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first sales office in Europe, and is negotiating to supply batteries for electric vehicles to local automakers, A source at the company told Reuters.
There are two sources for the public. VOWG_p. DE)
Daimler, the world's largest carmaker (DAIGn. DE)
Talks are under way with the unlisted Tianjin Lishen Battery.
A source close to the public said the company is working with Tianjin Lishen on lithium-
The contract for the supply of ion batteries has not yet been signed.
Asked about the comments, a popular spokesman said, "there is nothing to say on this topic at present ".
Daimler declined to comment. No-
A reporter from Tianjin Lishen immediately commented.
In recent months, automakers around the world have made bold plans for large-scale investment in electric vehicles (EVs)
Demand is accelerating due to government action to reduce toxic smoke from fossilsfueled cars.
They're buying lithium.
Sources at Tianjin Lishen Battery say ion rechargeable batteries have powered electric vehicles from multiple producers to diversify their supply chains.
Volkswagen has selected partners to provide batteries and related technologies worth about 20 billion euros ($24. 5 billion)
Daimler aims to reach 100,000 electric vehicles by 2020.
Tianjin sources said any new office will be located near Wolfsburg, where Volkswagen's headquarters is located, but declined to give more specific details.
"We are considering an office in Germany.
"It will be a sales office, not a factory," said a source from Lisboa . ".
"We are negotiating with Volkswagen and Daimler.
We have sent samples to these automakers and are waiting for the next phase
Mass production.
"Volkswagen's goal is to sell 3 million electric vehicles a year throughout the group by 2025, and to provide each of the group's 300 models by 2030.
Concerns about the shortage of cobalt
Used to make batteries.
Sources from stain-free prompted automakers to take steps to ensure supply in the longer term.
Volkswagen last year asked producers to submit a 10-year proposal for cobalt supply from 2019.
Former Volkswagen chief executive Matthias Mueller recently said the South Korean company LG Chem (051910. KS)and Samsung (005930. KS)
And China contemporary amp Technology Co. , Ltd (CATL)
Batteries will be provided for the company.
European automakers often have to purchase from Asia because Chinese, Korean and Japanese companies dominate the supply chain for electric vehicle batteries.
Li Sen listed China Electronic Technology Group on its website (CETC), a state-
As its largest shareholder, the company is run by the central government.
China is actively promoting electric vehicles to help fight the smog and position China as a big car country.
Become the giant of the future.
About 777,000
Called new energy vehicles (NEVs)
Sales in China in 2017, up 53% year on year, are the most sold in any country.
Beijing plans to reach 2 million units in annual sales by 2020.
Beijing is also trying to promote its electrical and plug standards and benchmarks.
Electric vehicles overseas use economies of scale to become a standardized global leader.