Fuyao Glass's market share in the U.S. continues to rise

The United States is the second largest automobile sales country in the world. In 2023, the U.S. market will sell 16.12 million vehicles and produce 10.66 million vehicles, of which about 5.47 million vehicles will be imported. Fuyao Glass is actively developing the U.S. market. Fuyao Glass's production capacity is located in Ohio. The current annual production capacity is about 5.5 million sets. The second phase has a potential production capacity of 3 million units. It is expected to achieve a production of 4.6-4.7 million sets in 2024, and the U.S. domestic market share is expected to reach 40%.