Increased investment in Vietnamese factory

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【Summary】Guizhou Tyre plans to invest more in its Vietnam factory as it releases its semi-annual report, which shows revenue of RMB 4.44 billion and profit of RMB 340 million for the first half of 2023.

FutureCar Staff Aug 30, 2023 9:46 AM PT

Increased investment in Vietnamese factory

Chinese tire manufacturer Guizhou Tyre recently published its semi-annual report, which includes updates on its ongoing production facility projects both domestically and internationally. In addition, the company announced a revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) for the first half of 2023, with a profit of RMB 340 million (£37.0 million, $46.8 million).

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