"SMM Cobalt Lithium Morning Meeting Minutes: Four main materials prices are declining, dynamic storage market demand is weak

JW Power responded to the news of shutdown and production stoppage on November 25, saying that some back-end support department employees in Tianjin JW stopped working, which is a business adjustment made by the company based on strategic and business needs. In the future, the resumption of related functions will be timely based on business needs and organizational adjustments. JW Power stated that the main functions of Tianjin JW are management and research and development, and the Yancheng and Changxing bases are operating normally. According to information disclosed on the official website, JW Power is headquartered in Tianjin and has two large production bases in Yancheng and Changxing."