On April 18th, Kersen Technology (603626) released its annual report for 2023, which highlighted the company's new initiatives and future strategic layout in the e-cigarette sector.
Kersen Technology mentioned in the report that it provides research and development, manufacturing, and partial assembly services for precision metal and plastic components required for consumer electronics (including HNB e-cigarettes and VR devices), medical devices, automobiles (including new energy vehicles), and other terminal products for well-known domestic clients.
Kersen Technology stated that the Vietnam factory is a proactive effort by the company to tap into the long-term development trend of the industry. The Vietnam factory is expected to commence trial production in May 2024, with the first production project being HNBe-cigarette products.
According to reports, Kunshan Kersen Technology Co., Ltd. was founded in 2010 and is a high-tech enterprise specializing in the research, development, manufacturing, and servicing of precision structural components. The company provides precision metal and plastic structural components, as well as some assembly services, for consumer electronics, medical devices, new energy vehicles, e-cigarettes, and photovoltaic power generation products.
On March 31, 2023, Kersen Technology announced that it will invest $43 million to establish a subsidiary in Vietnam. The actual investment amount will be subject to approval from Chinese and local regulatory authorities. The company plans to build its production base in Vietnam in phases based on market demand and business progress.
The company has stated that since 2018, they have been continuously providing components for HNB e-cigarette devices to international major clients. The company's focus on HNB products remains strong, and their strategy with major clients remains unchanged.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
