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Fuyao Glass Industry Group Co., Ltd.

China · SSE: 600660.SS · Market cap: $21.2B · P/E: 17.7 · P/S: 3

Fuyao makes the glass for cars — windshields, side windows, and sunroofs — and sells it to the world's big automakers.

Fuyao Glass is the company that makes the glass in your car. It produces windshields, side and rear windows, and sunroof panels, then sells them to carmakers who bolt them onto new vehicles. It also makes the raw float glass those windows are cut from, plus wiper systems and other window accessories, so it controls much of the process from a sheet of molten glass to a finished, curved window that fits a specific car model.

Fuyao Glass Industry Group Co., Ltd. (600660.SS) Automotive glass: line art illustration of A curved automotive windshield with visible black frit band around the edge
Automotive glass
Fuyao makes the curved glass windshields fitted to cars.

Its customers are the automakers themselves, not you or me. When Toyota or Volkswagen designs a new car, Fuyao bids to supply the windows, often years before the car goes on sale. Once it wins that contract, it tends to keep supplying that model for its whole production run, because switching glass suppliers mid-stream is painful and risky. That sticky, long-term relationship is the quiet strength of the business. The other big edge is cost. Fuyao runs enormous, highly automated plants and makes its own float glass, which lets it undercut rivals on price while still earning a profit. It has grown into one of the largest automotive glass suppliers in the world, competing with names like AGC and Saint-Gobain. It is headquartered in Fuqing, China, but builds factories near its customers — including a large operation in Ohio — because shipping fragile glass across oceans is expensive and carmakers want parts delivered just in time.


There is a darker chapter worth knowing. The company's rise is tied to its founder, Cho Tak Wong, whose life story became the subject of a well-known documentary about bringing manufacturing jobs to America. In 2024, US authorities raided Fuyao's Ohio plant as part of a federal investigation into alleged labor and immigration issues, a reminder that running a China-based manufacturer inside the US brings real scrutiny. For all its scale and cost advantages, Fuyao remains a cyclical business: when people buy fewer cars, they need fewer windows. Its fortunes rise and fall with global car production, and it keeps spending heavily on new plants to stay close to the automakers it serves.

Saved answer · last researched 12 Nov 2026