Cao Dewang Solar Power Generation Glass

Who is Cao Dewang?

Here is a Chinese success story. Please, get acquainted, Mr. Cao Dewang, who began his career at the age of 10 with only seven years of education. In 1987 he founded Fuyao Glass and made it in 25 years one of the largest automotive glass manufacturers in the world.

Why did Cao buy Fuyao Glass?

Cooperation with world leaders allowed Fuyao Glass to get modern technology. In March 1996, Cao sold a 51% of share to the French giant Saint-Gobain. But three years later, making sure that the French are not going to encourage the growth of Fuyao outside China, Cao bought them out - paying the premium of $ 40 million.

Who is Cao Degan?

In 1987, he established the Fuyao Group and in 1993 the company was listed on the Shanghai Stock Exchange. In 2009, Cao was named Ernst & Young World Entrepreneur Of The Year. His brother Cao Degan was the vice governor of Fujian province from 1998 to 2003.

How much does power-generating glass cost?

From the current situation, the conditions for household use of power-generating glass are already in place, but cost is a factor that must be considered. According to Pan Jingong, the company's power-generating glass costs about 1,000 yuan per square meter.

Who is Cao in American factory?

In the 2019 documentary American Factory, Cao is followed as he tours his new American addition to Fuyao. While overseeing the growth of his company in America, Cao leads fellow native Chinese to help grow the company in America. Nearly 200 workers moved to America leaving their lives behind to help grow Fuyao.

Who is the largest automotive glass supplier in China?

Fuyao is the largest automotive glass supplier in China, supplying about 70 percent share of Chinese Original Equipment Manufacturing (OEM) market for glass.