[Solid-State Battery: SES AI H1 Revenue Up 26%, Reiterates Full-Year Revenue Guidance of $30-35 million

Recently, Mitsubishi Motors Philippines Corporation disclosed that it is planning to construct a new, modern electric vehicle battery assembly facility. The total investment scale for the project reaches 7 billion Philippine pesos, all of which will be incorporated into the Philippines' new Electric Vehicle Incentive Strategy (EVIS) support framework. The chairman of Mitsubishi Motors Philippines clearly stated that this planned project focuses on the localized assembly of batteries for hybrid models, with no plans to include battery research and development at this stage. The primary bottleneck currently hindering project progress is the pending official release of the detailed implementing rules for the EVIS policy. At the technology and industry chain planning level, Mitsubishi aims to position this Philippines battery factory as a benchmark production line in Southeast Asia, with technical standards aligned with its existing production bases in Thailand and Indonesia, and overall competitiveness benchmarked against its domestic factories in Japan. At the same time, the company will progressively advance localization support and has already initiated cooperation discussions with several local Philippine automotive parts companies to build a local supply chain system.

The second public notice for the environmental impact assessment of the Gui'an New Area annual 200,000-ton high-end lithium battery material intelligent manufacturing project in Guizhou has been released. The project has a total investment of 3.5549 billion yuan. Construction is scheduled to commence in 2026, with a construction period of 24 months. The project's first environmental impact assessment notice was issued in April 2026, and this is the second notice. The production target is an annual output of 200,000 tons of lithium battery anode materials.

[Solid-State Battery: Tianqi Lithium Expected to Post an H1 Net Profit of 2.85-4.25 billion yuan; Surging Lithium Chemicals Prices Drive a Sharp Earnings Jump] On July 14, 2026, Tianqi Lithium (002466) released its 2026 interim performance forecast. During the reporting period, the company expected attributable net profit of 2.85-4.25 billion yuan, up 3,276.35% to 4,934.91% YoY, driven by a significant increase in the average selling price of lithium products and higher investment income from SQM. In solid-state batteries, the 50 mt/year lithium sulfide pilot project has substantially moved into implementation and construction; meanwhile, the company can produce 300 mm-wide, roll-to-roll ultrathin lithium strip, which, after surface treatment, can be directly supplied to solid-state battery producers as an anode metal material.