Catching up on this from last week, via Fitch Ratings analysts:

• China’s passenger vehicle (PV) market sharply recovered in June 2022, +42% y/y
• on the lifting of a strict, extended lockdown in Shanghai, strong consumer stimulus packages
• strong recovery is likely to continue into 3Q22

Fitch add that the severe slowdown in 2021 “due to severe microchip shortages”.