Fitch says China’s vehicle market has stage a V-shaped rebound

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”.

china car 01 August 2022
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