Increased investment in Vietnam factory

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【Summary】Guizhou Tyre increases investment in Vietnam factory, reports revenue of RMB 4.44 billion and profit of RMB 340 million in H1 2023.

FutureCar Staff Aug 26, 2023 6:20 AM PT

Guizhou Tyre, a Chinese manufacturer, has recently published its semi-annual report on 22 August. The report highlights the company's ongoing construction of production facilities both domestically and internationally. In addition, Guizhou Tyre disclosed that it generated revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) during the first half of 2023, with a profit of RMB 340 million (£37.0 million, $46.8 million).

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