Increased investment in Vietnamese factory

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【Summary】Chinese manufacturer Guizhou Tyre announced an increase in investment in its Vietnam factory. The company reported revenue of RMB 4.44 billion for the first half of 2023 and profit of RMB 340 million.

FutureCar Staff Aug 31, 2023 4:53 PM PT

Increased investment in Vietnamese factory

Guizhou Tyre, a Chinese manufacturer, recently published its semi-annual report on August 22nd. The report highlights the company's ongoing construction of production facilities both domestically and internationally. Additionally, Guizhou Tyre announced 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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