Increased investment in Vietnamese factory

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【Summary】Chinese manufacturer Guizhou Tyre reported revenue of RMB 4.44 billion for H1 2023 and profit of RMB 340 million. They also announced increased investment in their production facilities in Vietnam.

FutureCar Staff Sep 03, 2023 9:55 AM PT

Increased investment in Vietnamese factory

Chinese manufacturer Guizhou Tyre recently published its semi-annual report on August 22nd, which included updates on the progress of its production facilities both in China and abroad. Additionally, the company revealed that it generated revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) in the first half of 2023, with a profit of RMB 340 million (£37.0 million, $46.8 million).

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