Fuyao Group breaks ground on new factory in Hefei city

Published: Apr 8, 2024 18:13

Source: gasgoo

Save

On April 8, Fuyao Glass Industry Group Co., Ltd. held a ceremony to celebrate the ground-breaking of its full-chain production base in Hefei city.

Shanghai (Gasgoo)- On April 8, Fuyao Glass Industry Group Co., Ltd. ("Fuyao Group") held a ceremony to celebrate the ground-breaking of its full-chain production base in Hefei city, according to a post on "Anhui Fabu", the official WeChat account of Anhui provincial government.

The project is set to involve a total investment of 5.75 billion yuan, with an annual production capacity of 4 million sets of automotive glass and 4 million pieces of replacement glass, totaling an annual output value of about 6 billion yuan.

Fuyao Group breaks ground on new factory in Hefei city

Fuyao Group formerly disclosed the project in an announcement on January 25th. According to the its development needs and strategic planning, the company plans to establish three wholly-owned subsidiaries in Hefei, Anhui Province -- Fuyao Glass (Hefei) Co., Ltd., Fuyao Glass (Hefei) Replacements Co., Ltd., and Hefei Fuyao Float Glass Co., Ltd. (provisional names), with a total investment of 5.75 billion yuan.

It is reported that the aforementioned investment of 5.75 billion yuan will be poured into the construction of an automotive safety glass project (for the OEM market), an automotive accessory glass project (for the ARG market), and a high-quality float glass project. Equipped with advanced modern production equipment, this initiative is expected to achieve an annual production scale of approximately 26.1 million square meters of automotive safety glass and two high-quality float glass production lines.

As a large multinational corporation focusing on the R&D and manufacturing of automotive safety glass, Fuyao Group provides comprehensive solutions for numerous renowned automotive companies worldwide. As a leading enterprise in automotive glass, the company holds a domestic market share of over 60% and over 30% share in the global automotive glass market. In 2022, the group produced 131.04 million square meters of automotive glass, representing a year-on-year increase of 7.01%. The capacity to be added by the Hefei project accounts for approximately 20% of the company's total annual capacity last year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 1, 2026 09:28

Volvo Became Lynk & Co's Exclusive EV Dealer in Europe

[Volvo Cars to Exclusively Sell Lynk & Co EVs in Europe] On March 30, Volvo Cars announced that it had signed a memorandum of understanding with Geely Automobile to become the exclusive importer and dealer of EVs under Geely’s Lynk & Co brand in the European market. Volvo Cars said: “The company plans to sell Lynk & Co car models through Volvo Cars’ retail network and use its sales and after-sales system in relevant markets.”

Apr 1, 2026 09:28

Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure

[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.

Apr 1, 2026 09:28

Apr 1, 2026 09:27

Toyota Motor’s Global Sales Fell 2.3% YoY in February

[Toyota Motor’s Global Sales Fell 2.3% in February] Toyota Motor announced on March 30 that its global sales in February (including the Lexus brand and subsidiaries Daihatsu Motor and Hino Motors) fell 2.3% YoY to 806,905 units. Among them, February sales of the Toyota and Lexus brands declined 3.3% to 737,134 units; domestic sales in Japan fell 8.3% to 122,264 units, while sales outside China declined 2.2% to 614,870 units.

Apr 1, 2026 09:27