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    Home ยป China’s New Energy Vehicle Boom Reshaping Motor Insurance Market
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    China’s New Energy Vehicle Boom Reshaping Motor Insurance Market

    insurancejournalnewsBy insurancejournalnewsMarch 4, 2025No Comments1 Min Read
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    China’s New Energy Vehicle Growth Transforms the Country’s Motor Insurance Market

    As China continues its dominance in the global new energy vehicle (NEV) market, the country is witnessing a significant transformation in its motor insurance landscape. According to a recent report from AM Best, the surge in NEV production and sales has led to a sixfold increase in related insurance premiums over the past five years.

    Electric vehicle driving on a road
    Electric vehicles are driving growth and change in China’s motor insurance market.

    This impressive growth signals the insurance industry’s adaptation to the evolving automotive landscape.

    This article was written by Ahmad Zaki and published on January 7, 2025.

    China electric vehicles insurance motor insurance NEV
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