CPIC Vice President Urges Full-Chain Insurance Risk Management for New Energy Vehicle Exports

In 2025, China's automobile exports exceeded 7 million vehicles, ranking first globally for three consecutive years, with new energy vehicle (NEV) exports reaching 2.615 million units. In the first half of 2026, export growth accelerated further, with half-year exports surpassing 5 million vehicles, up 65.3% year on year.

In 2025, China's total auto insurance premiums reached RMB 940.9 billion, of which NEV insurance premiums amounted to RMB 190 billion, accounting for over 20%. CPIC provided coverage for more than 6.3 million NEVs in 2025. CPIC has implemented cross-border NEV insurance services in key Southeast Asian markets, forming a "technology export + local service" model. Under this model, CPIC cooperates with local insurers, with local entities issuing policies in compliance with regulations, while CPIC provides pricing models, loss assessment standards, risk control, and claims management capabilities, and assumes part of the risk through reinsurance. In the Thailand project, CPIC partnered with local insurers to provide insurance coverage and risk management services for Chinese-brand NEVs, achieving compliant underwriting through a "local direct insurance + Chinese reinsurance" approach. Currently, this model has served multiple Chinese automakers, with business scale growing steadily and overall risks under control, and is being replicated in markets such as Vietnam, Indonesia, and Sweden.

Looking ahead, CPIC will leverage its existing cross-border service experience, focus on the global layout of green transportation and the new energy industry, and expand comprehensive coverage scenarios including NEV insurance, overseas extended warranty, residual value protection, product liability, freight logistics, and overseas factory property insurance. Through digital platforms, online services, and accumulation of risk data, CPIC aims to gradually build a global green insurance service network covering the full lifecycle of NEVs and all scenarios of the industry chain.