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Chinese Insurers Eye Profits from EV Policies by 2026

2/23/2026

24 2 Full Breakdown

Summary

Story summary

Chinese insurers expect to profit from electric vehicle policies in 2026 due to higher premiums and better claims handling.
This shift occurs despite a bearish outlook for the automotive sector.
Wang Feng, chairman of Ye Lang Capital, said heavy EV losses hinder growth.
In 2024, insurers faced a combined loss of 5.7 billion yuan from EV policies.
Last year, premiums exceeded 200 billion yuan, up 30%.

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Story summary

Chinese insurers expect to profit from electric vehicle policies in 2026 due to higher premiums and better claims handling.
This shift occurs despite a bearish outlook for the automotive sector.
Wang Feng, chairman of Ye Lang Capital, said heavy EV losses hinder growth.
In 2024, insurers faced a combined loss of 5.7 billion yuan from EV policies.
Last year, premiums exceeded 200 billion yuan, up 30%.