China’s Insurance Industry Underwrote 43.58 Million NEVs in 2025, up 40.1% YoY

Published: Mar 31, 2026 18:10

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The China Association of Actuaries and China Banking and Insurance Information Technology Management Co., Ltd. released information on NEV insurance claims in China for 2025. The data showed that in 2025, China’s insurance industry underwrote 43.58 million NEVs (including 41.81 million passenger vehicles and 1.77 million trucks), an increase of 12.48 million units from the previous year, up 40.1% YoY; The number of NEV model series reached 429, including 370 passenger vehicle series and 59 truck series. Specific information on model series with high claim ratios will be communicated to relevant vehicle producers through appropriate channels, to encourage them to improve vehicle safety and repair cost efficiency in design and jointly reduce vehicle usage costs over the full life cycle.

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