Increased investment in Vietnamese factory

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【Summary】Chinese manufacturer Guizhou Tyre announced increased investment in its production facilities in Vietnam, as part of its semi-annual report. The company reported revenue of RMB 4.44 billion and a profit of RMB 340 million for the first half of 2023.

FutureCar Staff Aug 25, 2023 6:15 AM PT

Increased investment in Vietnamese factory

Chinese manufacturer Guizhou Tyre has recently released its semi-annual report, detailing the progress of its production facilities both in China and abroad. The company reported a revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) for the first half of 2023, along with a profit of RMB 340 million (£37.0 million, $46.8 million).

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