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ICYMI – According to Fitch, the Chinese auto market has seen a V-shaped rebound


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

  • The Chinese passenger vehicle (PV) market recovered strongly in June 2022, +42% y/y
  • on lifting a strict and prolonged lockdown in Shanghai, strong consumer recovery plans
  • the strong recovery should continue in 3Q22

Fitch adds that the severe downturn in 2021 “is due to severe microchip shortages.”

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