Suzhou Cheersson Precision Metal Forming Co., Ltd. (002976.SZ) manufactures and sells precision metal-formed components for automotive, electronics, and industrial applications. The company produces deep-drawn parts, stamping products, and welded assemblies, including fuel tank straps, shock absorber components, battery trays for new energy vehicles, and precision casings for consumer electronics; it also offers metal forming services such as progressive die stamping, transfer stamping, and hydroforming. Headquartered in Suzhou, China, and founded in 2003, Cheersson operates primarily in China with production facilities in Jiangsu province and serves major customers in the automotive OEM sector, including suppliers to global brands like Tesla and BYD, as well as electronics firms.
Cheersson's product portfolio emphasizes high-precision metal forming for electric vehicle components, such as structural battery parts and chassis reinforcements, alongside traditional stamped metal products for suspension systems and fuel delivery. The company targets the rapidly growing new energy vehicle market and consumer electronics industries, with a focus on Tier 1 automotive suppliers and high-volume manufacturing in Asia. Its operations remain concentrated in China, supporting domestic and export markets through efficient supply chain integration.
In recent developments, Suzhou Cheersson expanded its capacity for new energy vehicle components through a strategic investment in a new production line at its Suzhou facility in 2024, enhancing output for battery enclosures and lightweight metal structures. The company announced a partnership with a leading EV battery manufacturer in early 2025 to co-develop precision-formed casings, aiming to capture increased demand amid China's EV boom. Additionally, Cheersson completed a share repurchase program in late 2024 and reported robust revenue growth from its automotive segment in its 2024 annual results, reflecting operational strengthening without major acquisitions or reorganizations.