absorption spectrum, low-cost, solutionprocessable fabrication, and compatibility with flexible substrates. [8][9][10][11] Furthermore, the surface ligand exchange of postsynthetic QDs allows for tailoring QD surface chemistry, which provides large freedom to fine-tune the optoelectronic properties of QDs, therefore engineering the device performance. [12][13][14] For the QDs in solar cell applications, the multiple excitation generation in QDs gives the possibility to overcome the Shockley-Queisser theoretical limitation on the power conversion efficiency (PCE) of a single-junction solar cell since the QD may produce more than one electron-hole pair after absorbed one high-energy photon. [15,16] Over the past few years, benefiting from the fundamental studies in controlling QD surface chemistry, device architecture, interfacial properties and electro-optics within the QD solar cell (QDSC) devices, significant progress was obtained and a PCE of more than 12% was achieved for the PbS QDSC. [14,17] Meanwhile, the QDSC has good stability both under continuous illumination and long-term storage under ambient conditions, showing great potential for the development of highly efficient and stable photovoltaic devices. [18,19] During the QD synthesis, the long native organic ligand (such as oleic acid (OA)) is generally applied to cover the QD surface to control the dot size and make the colloidal system stable in organic solvents. [20,21] However, when the QDs is used to construct a solar cell, such long organic ligands should be replaced by small surface binding species to decrease the distance between dots and meanwhile minimize QD surface traps, facilitating charge-transport within the QD solid. Insufficient ligand exchange will lead to oxidation on the QD surface, which affects the photovoltaic performance and stability of QDSCs. [22][23][24] Liquid-state ligand exchange approach provides an efficient way to replace the long organic ligand on the QD surface with small binding species, such as small organic molecules or lead halide (PbX 2 , X = Br or I). [2,25,26] The ligand-exchanged QDs are dispersed in a polar butylamine solvent forming a concentrated QD ink, which can be used for the deposition of a thick QD solid film with a single-step deposition technique, significantly decreasing the time for QD solid film deposition and improving material usage efficiency. [17,25] The QD solid film prepared with the QD ink shows better characteristics compared with that Liquid-state ligand exchange provides an efficient approach to passivate a quantum dot (QD) surface with small binding species and achieve a QD ink toward scalable QD solar cell (QDSC) production. Herein, experimental studies and theoretical simulations are combined to establish the physical principles of QD surface properties induced charge carrier recombination and collection in QDSCs. Ammonium iodide (AI) is used to thoroughly replace the native oleic acid ligand on the PbS QD surface forming a concentrated QD ink, which has high stability of more than 30 ...