FORYOU(SZ:002906) Zheng Quan Shi Bao Wang·2026-01-24 13:25Core Viewpoint - Huayang Group (002906) has expanded its customer base for HUD products, establishing partnerships with numerous domestic and international automotive companies, indicating a strong growth trajectory in the HUD market [1] Group 1: Customer Expansion - The company has deepened its cooperation with various automotive clients, including Geely, Xiaopeng, Great Wall, Chery, FAW, Changan, BYD (002594), Volkswagen, STELLANTIS, Hyundai, and Seres (601127) since the second half of 2025 [1] - New projects based on the Lcos imaging solution for AR-HUD products have been secured, alongside additional projects for VPD products following the achievement of global mass production [1] Group 2: Production and Market Position - The scale of HUD production continues to increase, maintaining the company's leading position in the industry, with a cumulative global shipment exceeding 4 million units by the end of 2025 [1] - The ongoing popularity of vehicles equipped with the company's HUD products, along with the entry of more new projects into mass production, is expected to sustain a high growth trend for the company's HUD products [1]