Investment boost for Guizhou Tyre's Vietnam factory

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【Summary】Chinese manufacturer Guizhou Tyre announced increased investment in its Vietnam factory, as part of its efforts to expand production facilities both domestically and internationally. The company reported a revenue of RMB 4.44 billion for the first half of 2023.

FutureCar Staff Aug 30, 2023 11:50 PM PT

Investment boost for Guizhou Tyre's Vietnam factory

Chinese tire manufacturer Guizhou Tyre recently published its semi-annual report, which includes updates on the progress of its production facilities in both domestic and international markets. Alongside this, 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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