[Solid-state battery: LG Energy Solution turned profitable in Q2, H2 to launch all-solid-state dry electrode pilot line]2

Published: Jul 31, 2026 17:07 (GMT+8)
[Solid-State Battery: LG Energy Solution Swings to Profit in Q2, Launches All-Solid-State Dry Electrode Pilot Line in H2] On July 30, 2026, LG Energy Solution announced its Q2 2026 financial results, with revenue of 7.6 trillion won and operating profit of 113.3 billion won. H1 revenue reached 14.1 trillion won, up 10.5% YoY. The company announced that it will establish a pilot line for all-solid-state batteries using dry electrode process in H2 2026 to accelerate product development and mass production preparation, but did not disclose details such as location, capacity, and commissioning time. Meanwhile, the company plans to deliver sodium-ion battery samples to clients in 2027. This move indicates that LG Energy Solution is accelerating its catch-up with top-tier players such as CATL, and the dry electrode process is seen as a key path to reducing solid-state battery costs. The industry timetable consensus remains semi-solid-state batteries in vehicles in 2026, small-batch all-solid-state battery production in 2027, and large-scale commercial use after 2030.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
16 hours ago
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
Read More
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
Per MIIT data and customs statistics, China exported 3.69 billion lithium-ion batteries in Jan-Aug 2026, up 22.9% YoY. Value-added output of the electronics manufacturing industry grew 15.7% YoY, with revenue up 20.1% to RMB 12.8 trillion and total profit up 110% to RMB 847.5 billion. The strong battery exports reflect sustained overseas demand for power and energy storage batteries.
16 hours ago
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
23 hours ago
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
Read More
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
[SMM Analysis: Solid-State Battery Next Decade Series, 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries] The industrialisation of solid-state batteries is not a "capacity replication + minor technical adjustment" of liquid lithium batteries, but a systematic shift from resource logic, chemical logic, and material logic to patent logic. The most common mistake in understanding solid-state batteries through the framework of liquid lithium batteries is treating "planned capacity" as "effective supply," treating "technical routes" as "settled answers," and treating "first-mover advantage" as "ultimate victory.
23 hours ago
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
Oct 10, 2026 09:54 (GMT+8)
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
Read More
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
Oct 10, 2026 09:54 (GMT+8)