China EV Insurance Market 2024-2030
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China EV Insurance Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

CHINA EV INSURANCE MARKET

 

INTRODUCTION TOCHINA EV INSURANCE MARKET

Leading EV insurance providers are rapidly developing unique, EV-specific insurance plans. The additional difficulties brought on by the charging infrastructure and the numerous technological aspects of automobiles serve as justification for this development.

 

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The automotive sector, which is through an unprecedented period of upheaval, is currently grappling with the most pressing problem: the rapid spread of EVs. The insurance industry must make sure it adapts to the changing motor vehicle environment.

 

Due to the growing global popularity of EVs and the difficulty of understanding and pricing the risk profile of these new cars without decades of data and experience, insurers are in a race against time to accomplish this task.

 

CHINA EV INSURANCE MARKET SIZE AND FORECAST

The China EV Insurance Market accounted for $XX Billion in 2023   and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

CHINA EV INSURANCE MARKETNEW PRODUCT LAUNCH

New energy vehicle (NEV) commercial insurance was formally introduced for purchase in China, which led to a considerable increase in price for several NEV models.

 

According to the terms outlined by the Insurance Association of China (IAC), the recently launched insurance is available for battery electric vehicles (BEVs), fuel cell vehicles (FCVs), plug-in hybrid electric vehicles (PHEVs), which contain range-extended electric vehicles (REEVs), and other models powered by new types of energy.

 

NEVs pose unique hazards, such as battery fires, in addition to the usual risks associated with traffic accidents, according to the IAC, who also noted that the requirements were made public after research that lasted more than a year.

 

The group claims that NEV purchasers will get compensation for mishaps (including spontaneous combustion) that occur when their cars are running, parked, or charged

CHINA EV INSURANCE MARKETDYNAMICS

Li Auto, an electric vehicle (EV) manufacturer with its headquarters in Beijing, has acquired a 100 percent investment in Yinjian Insurance Brokerage.

 

With this move, it becomes the most recent manufacturer of EVs to enter the insurance market, joining BYD Auto, Tesla, Xpeng, and NIO.Li Auto is secretly getting a licence to sell insurance.

 

CHJ Fintech (Jiangsu), a division of Beijing CHJ Information Technology, has a 100 percent share in the brokerage company. Beijing CHJ Information Technology owns the Li Auto brand.

CHINA EV INSURANCE MARKETCOMPANY PROFILE

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS OFCHINA EV INSURANCE MARKET

  1. What is the average cost per China EV Insurance right now and how will it change in the next 5-6 years? 
  2. The average cost to set up an EV Insurance in China?
  3. What is happening in the overall public, globally?
  4. Cost breakup of a China EV Insurance and key vendor selection criteria
  5. The most important planned China EV Insurance Market  in the next 2 years
  6. Details on a network of major China EV Insurance Market and pricing plans
  7. The cost advantage for OEMs who manufacture China EV Insurance in-house
  8. 5 key predictions for the next 5 years in China EV Insurance Market
  9. Average B-2-B China EV Insurance price in all segments
  10. Latest trends in China EV Insurance Market, by every market segment
  11. The market size (both volume and value) of China EV Insurance Market in 2024-2030  and every year in between?
  12. Global production breakup of China EV Insurance Market, by suppliers and their OEM relationship
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2024
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2024
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix