News China13 Feb 2026

New-energy vehicle premiums skyrocket by 34% amid broader motor branch's 3% growth in 2025

| 13 Feb 2026

New-energy vehicles (NEVs) drove China's motor insurance business growth in 2025. The total premium income of the motor insurance branch reached CNY940.9bn ($136.4bn), a year-on-year increase of 2.98%, while claims paid exceeded CNY620bn, a year-on-year increase of 4.0%.

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