LG Energy Solution to Supply Batteries for Google’s Large-Scale Solar and ESS Project

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.

Hoshine Silicon disclosed its earnings forecast on July 14, expecting net profit attributable to shareholders of the parent company for H1 2026 to be between 320 million and 380 million yuan, representing a YoY turnaround from loss to profit. In H1 2026, benefiting from a YoY increase in the capacity utilization rate of silicon metal, production and sales volumes achieved significant growth; meanwhile, the supply-demand pattern in the silicone industry improved, market prices of major products rose, and the company's overall gross margin increased significantly, driving a substantial YoY improvement in operating performance.

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.