What is the global market share of Fuyao Automobile Glass?
1. Company became the only automobile glass enterprise in China that exported to the United States without paying anti-dumping duties, and Fuyao Glass became the global designated supplier of Audi automobile glass. After providing supporting facilities for South Korea Hyundai and Australia GM, it was included in the global procurement network by Audi, which marked that Fuyao Glass officially entered the supporting market of internationally renowned brand automobile OEMs. 2. The "FY" trademark of China's largest automobile glass manufacturer with the highest technical level is the only well-known trademark in China automobile glass industry. According to customs statistics, it accounts for about 75% of all automobile glass exported by China, and it is the sixth largest automobile glass producer in the world. At present, it accounts for about 40% of the domestic automobile glass market, and the market share of middle and high-grade automobile glass accessories reaches about 55%. It accounts for about 3% of the world automotive glass market. 3. The wholly-owned subsidiary Fuyao Group Beijing Futong Safety Glass Co., Ltd. (accounting for 75%) invested 370 million yuan to build an automobile safety glass project in Tongzhou District, Beijing, which will further expand the company's production scale, further improve the company's sales and service capabilities, help the company better participate in international and domestic market competition, and promote the company's sustained and stable development. By the end of 2005, Beijing Fortis had invested 73.85 million yuan, mainly for land acquisition and infrastructure construction. The project is expected to be put into production in the second half of 2007.