CX Daily: Electric Cars Are Draining the Batteries of China’s Insurers

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Insurers /

In Depth: Electric cars are draining the batteries of China’s insurers

China’s rapid adoption of new-energy vehicles (NEVs) is posing a problem for many insurers. They’re losing money on insuring the vehicles, as strict pricing rules mean they can’t raise their premiums to the point of profitability.

This is despite already charging far more to insure NEVs.

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