Increased investment in Vietnamese factory

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【Summary】Guizhou Tyre invests more in Vietnam factory, reports revenue of RMB 4.44 billion for H1 2023.

FutureCar Staff Aug 31, 2023 6:47 AM PT

Increased investment in Vietnamese factory

Chinese manufacturer Guizhou Tyre recently published its semi-annual report, which includes updates on its ongoing construction of production facilities both domestically and internationally. Alongside these updates, the company announced that it generated a 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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