Guizhou Tyre expands presence in Vietnamese market

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【Summary】Guizhou Tyre plans to invest more in its Vietnam factory, as reported in its semi-annual report. It recorded a revenue of RMB 4.44 billion and a profit of RMB 340 million in the first half of 2023.

FutureCar Staff Sep 02, 2023 9:50 AM PT

Guizhou Tyre expands presence in Vietnamese market

Guizhou Tyre, a Chinese manufacturer, recently published its semi-annual report on August 22nd. In the report, the company shared updates on the progress of its production facilities both within China and overseas. Additionally, Guizhou Tyre disclosed that it achieved a revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) during the first half of 2023. Furthermore, the company reported a profit of RMB 340 million (£37.0 million, $46.8 million).

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