Investment boost for Guizhou Tyre's Vietnam factory

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【Summary】Guizhou Tyre has announced increased investment in its Vietnam factory as part of its plans to expand production facilities at home and overseas. The company reported a revenue of RMB 4.44 billion and a profit of RMB 340 million for the first half of 2023.

FutureCar Staff Aug 29, 2023 6:34 AM PT

Investment boost for Guizhou Tyre's Vietnam factory

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

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