Increased investment in Vietnamese factory

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【Summary】Guizhou Tyre announces increased investment in Vietnam factory, revenue of RMB 4.44 billion and profit of RMB 340 million in H1 2023.

FutureCar Staff Aug 25, 2023 11:20 PM PT

Increased investment in Vietnamese factory

Guizhou Tyre, a Chinese manufacturer, has recently released its semi-annual report, which includes updates on the production facilities it is constructing both domestically and internationally. Alongside this, the company has reported impressive revenue figures for the first half of 2023, totaling RMB 4.44 billion (£482.6 million, US$611.2 million), with a profit of RMB 340 million (£37.0 million, $46.8 million).

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