According to data released by the China Association of Actuaries and the China Banking and Insurance Information Technology Management Co., the insurance industry in China covered 43.58 million new energy vehicles in 2025. Among these, 41.81 million were passenger cars and 1.77 million were trucks. This represents an increase of 12.48 million vehicles compared to the previous year, reflecting a growth rate of 40.1%. Premium income reached 190 billion yuan, providing a total risk coverage amount of 159 trillion yuan. The underwriting loss for the sector was 5.6 billion yuan, narrowing by 100 million yuan year-on-year. The comprehensive cost ratio decreased by 1.3 percentage points compared to the same period last year.
There were 429 vehicle series under the new energy vehicle category, including 370 passenger car series and 59 truck series. Among these, 143 vehicle series had a claims ratio exceeding 100% (excluding daily management and operational expenses of property insurance companies), an increase of 6 series from the previous year. This group included 106 passenger car series and 37 truck series. The overall situation of high-claims-ratio vehicle series is detailed in the following table.
