Material Prices: Most solid-state battery materials declined. LPSC dropped 5.5% to RMB 7,280/kg, Li₂S fell 3.8% to RMB 1,530/kg, Li metal and LFP fell 1.7% and 1.4% respectively. Only P₂S₅ rose 2.6%. Oxide electrolytes (LATP, LLZO) were flat.

​​​​​​​Industrialization accelerated sharply in May: SAIC MG 4X launched with a semi-solid battery (53.9kWh, 510km range). Gotion Hi-Tech unveiled its “Jinshi” all-solid-state battery (400Wh/kg) aiming for 1 yuan/Wh cost by 2030. Qingtao Energy’s 5-billion-yuan, 20GWh project advanced. MIIT started solid-state battery standards.

CIBF2026 Solid-State Battery Recap: It’s Complicated – Everyone Is Moving Toward Solid-State, but Everyone Is Still Testing the Waters May 13–15, 2026 – The solid-state battery exhibition revealed that solid-state has become a "must-have" for exhibitors. However, technology paths (sulfide/oxide/semi-solid) remain deeply divided, the definition of "mass production" has been diluted, and most products are still in the sample-validation stage.

[SMM Analysis: 2027 Outlook: Solid-State Battery Signals from Beijing Auto Show] The Beijing Auto Show, which opened on April 24, 2026, became a showcase platform for solid-state battery "real vehicle integration." BYD's sulphide all-solid-state battery debuted in a real vehicle first, featuring 480Wh/kg, with small-batch vehicle installation planned for 2027; Chery's Rhino S achieved an energy density of 600Wh/kg, leading the show. CATL's condensed-matter battery completed aviation verification and is backward compatible with passenger vehicles. Semi-solid-state batteries are on the eve of mass production, with MG already bringing prices down to the 100,000-yuan level. Industry consensus: mass production will begin in 2027, and price parity between liquid and solid-state batteries is expected by 2030.

Latrobe Magnesium of Australia received a $2 million advance payment to accelerate its fly ash-to-magnesium demonstration project, with all products to be sold to the US market. Canada's West High Yield Resources signed a long-term sales agreement, marking a key step toward the commercialization of the Record Ridge magnesium mine. MG plans to mass-produce semi-solid-state battery car models by the end of 2026, and the application potential of magnesium materials in lightweight structures and battery components is expected to expand.

[SMM Magnesium Express] MG announced the launch of its MG4 EV Urban in Europe by late 2026 featuring a "SolidCore" semi-solid-state battery. The battery maintains over 90% performance at -20°C, delivering faster low-temperature charging and higher power output with reduced thermal runaway risk. Magnesium contributes to this technology as a lightweight structural material and potential electrode component, supporting vehicle weight reduction and performance enhancement.