Stock story

About the company

Fuyao Glass Industry Group is one of the largest global manufacturers in the automotive glass sector with substantial share in China’s market and growing international footprint. Fuyao’s business involves designing, developing, producing and supplying glass solutions for leading auto OEMs and aftermarket customers. Its product portfolio has expanded from automotive windshields and side windows into more advanced glass technologies such as head-up display glass, acoustic glass, heating windshields, and other advanced solutions, serving many of the world’s major automakers, like BMW, Mercedes-Benz, Tesla, Volkswagen, Toyota, Ford and General Motor.

Why we like it

Fuyao Glass is a global leader in automotive and industrial glass manufacturing, with a strong competitive edge in the fast-growing electric vehicle (EV) segment. As EV adoption accelerates worldwide, demand for high-performance and safety glass is rising, positioning Fuyao to capture meaningful growth. Although its share price came under pressure following “Liberation Day” on renewed tariff concerns, the company’s expanding manufacturing base in the US should help mitigate future trade-related risks. The correction therefore offers a compelling entry point for investors with a longer-term view.

Moreover, the company has a strong track record of global market share gains, reflecting its operational excellence and technological strength. The company is well placed to benefit from a structural uplift in average selling prices (ASPs), supported by product innovation and the premiumisation trend within the auto industry, particularly in EVs. Management’s focus on cost efficiency, increased premium product penetration and a higher overseas sales mix, is expected to sustain resilient margins and underpin profit growth.