Hoshine Silicon expects to turn a loss into profit in H1 YoY.

According to industry sources on July 15, Google and U.S. renewable energy independent power producer Cypress Creek Energy (CCE) announced on July 14 local time that they will develop the Steel River Energy Center project in the United States. The two companies plan to build an initial 2 GWh ESS system by 2029 and later expand capacity to 2.9 GWh. LG Energy Solution’s batteries will be used for the project, with the order value reportedly estimated at several hundred billion KRW. LG Energy Solution will supply its North America-produced LFP-based ESS product, JF2 DC Link.

According to industry sources on July 14, LG Chem has been supplying battery cathode materials to Toyota Motor Engineering & Manufacturing North America (TEMA) since the second quarter. Supply volumes are also gradually increasing. The two companies signed a KRW 2.86 trillion cathode materials supply contract in October 2023, with the contract running through December 2030.

Ganfeng Lithium announced on July 14 that it expects its net profit attributable to shareholders of the publicly listed firm for the first half of 2026 to be between 3.65 billion yuan and 4.6 billion yuan, representing a YoY turnaround to profitability. During the reporting period, benefiting from the rapid development of the global new energy industry and rising demand for lithium chemicals from downstream clients, the selling prices of the company's lithium chemical products rose significantly YoY. Meanwhile, with the gradual release of capacity from lithium resource projects, the company's cost structure was effectively optimized. Coupled with sustained growth in energy storage market demand, the lithium battery segment's production and sales volumes increased noticeably, together driving a YoY increase in the company's operating performance.