Foreign media: Chinese electric vehicle (EV) insurers are expected to turn profitable by 2026. In 2024, insurance companies in mainland China lost 5.7 billion yuan (about 825 million U.S. dollars) in the EV insurance business, but in 2025, the premium income from EV insurance exceeded 200 billion yuan, an increase of 30% year-on-year.
With rising premiums, smart pricing mechanisms, and improved claims efficiency, the outlook for EV insurance is positive. The application of artificial intelligence technology has reduced labor costs, improved pricing accuracy, and driven profitability in the EV insurance business.
Industry experts said that the profitability of the insurance business will lead to a reduction in EV premiums, thus accelerating the electrification of vehicles on Chinese roads.
Original article: toutiao.com/article/1857905232312520/
Statement: This article represents the views of the author himself.