The n‐type quantum dot active layer is the core component of lead sulfide quantum dot solar cells (PbS QDSCs). In the state‐of‐the‐art PbS QDSCs, the active layer is commonly obtained through liquid‐phase ligand exchange. Adjusting the ratio between halide ligands and the original PbS QD (oleic acid ligands) during the liquid‐phase ligand exchange process is crucial for achieving better surface passivation of QDs by short‐chain halides, as well as reducing surface defects of the QDs. Due to the intricate chemical state of the ligand exchange solution providing halide ligand, therefore, we used the original QD (PbS‐OA QD) solutions at concentrations of 20 mg/ml, 30 mg/ml, and 40 mg/ml for liquid‐phase ligand exchange, aiming to investigate the reasons for the formation of different surface states post‐exchange and their impact on device performance. The results indicate that when the concentration of the PbS‐OA QD solution is 30 mg/ml, the exchanged QDs exhibit complete removal of surface OA, a higher content of short‐chain ligand PbX2 (X=I, Br), achieving optimal passivation, and a significant reduction in surface defects. Consequently, devices fabricated using PbS‐PbX2 QD ink obtained through the exchange of 30 mg/ml PbS‐OA QD solution achieved a higher power conversion efficiency (PCE) of 12.53%. This study presents a simple and effective strategy to enhance the performance of PbS QDSCs.This article is protected by copyright. All rights reserved.