Situs Slot Gacor https://new.c.mi.com/ph/post/145937/12_Situs_Judi_Slot_Terbaik_dan_Terpercaya_No_1__Da https://new.c.mi.com/ph/post/148085/Daftar_10_Situs_Judi_Slot_Terbaik_Dan_Terpercaya_N https://new.c.mi.com/ph/post/148080/Daftar_10_Situs_Judi_Slot_Terbaik_Dan_Terpercaya_N https://new.c.mi.com/ph/post/148006/Daftar_Bocoran_Slot_Gacor_Hari_Ini_2022_Terbaru__J https://new.c.mi.com/ph/post/146162/Slot_Gacor__Pola_Jam_Hoki_Main_Slot_Gacor_Gates_of https://new.c.mi.com/ph/post/148300/Link_Daftar_19_Situs_Slot_Gacor_Mudah_Menang_Jackp https://new.c.mi.com/ph/post/146128/Daftar_10_Situs_Slot_Gacor_Hari_Ini_Terbaru_Terper https://new.c.mi.com/ph/post/148211/Situs_Slot_Hoki_Gacor_Hari_Ini_Dan_Pola_Jam_Main_G Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ http://portalsewa.mais.gov.my/img/icons/largest/slot-online-gacor-terbaru/ https://new.c.mi.com/ph/post/161002/AGEN_SLOT_DEMO_GRATIS__SLOT_DEMO_PG_SOFT__SLOT_DEM https://new.c.mi.com/ph/post/160997/KUMPULAN_SLOT_GACOR__DAFTAR_10_SITUS_SLOT_GACOR_20 https://new.c.mi.com/ph/post/163500/17_SLOT_GACOR_88_SLot_Situs_Judi_Slot_Online_Terpe https://new.c.mi.com/ph/post/161273/LINK_SLOT_GACOR_4D__SITUS_SLOT_ONLINE_GACOR_GAMPAN https://new.c.mi.com/ph/post/161268/Daftar_Link_Slot_4D__Daftar_Situs_Slot_Gacor_4D_Re https://new.c.mi.com/ph/post/162611/Link_Daftar_Situs_Slot_Gacor_Resmi_Terpercaya_2022 https://new.c.mi.com/ph/post/161263/Daftar_Persatuan_Situs_Slot_Bonus_100_New_Member_T https://new.c.mi.com/ph/post/162079/DAFTAR_REKOMENDASI_SITUS_JUDI_SLOT_GACOR_TERPERCAY https://new.c.mi.com/ph/post/162074/17_Daftar_Link_Situs_Slot_Gacor_Terpercaya_2022_Ga https://new.c.mi.com/ph/post/162616 https://new.c.mi.com/ph/post/166560/DAFTAR_17_NAMA_SITUS_JUDI_SLOT_GACOR_GAMPANG_MENAN https://new.c.mi.com/ph/post/166555/Situs_Slot_Pulsa__Situs_Slot_Deposit_5000_Via_Puls https://new.c.mi.com/ph/post/164278/Daftar_Situs_Judi_Slot_Online_Deposit_Pulsa_5000_T https://new.c.mi.com/ph/post/163807/21_Daftar_Situs_Judi_Slot_Gacor_Hari_Ini_Link_Judi https://new.c.mi.com/ph/post/165371/11_NAMA_SITUS_DAFTAR_JUDI_SLOT_GACOR_GAMPANG_MENAN https://new.c.mi.com/ph/post/165014/INFO_BOCORAN_SLOT_GACOR_PRAGMATIC_PLAY_RTP_LIVE_TE https://new.c.mi.com/ph/post/166535/Situs_Judi_Slot_Gacor_Malam_Ini_Cepat_Maxwin_Gampa https://new.c.mi.com/ph/post/163787/19_Kumpulan_Link_Daftar_Situs_Slot_Gacor_Terbaru_G https://new.c.mi.com/ph/post/165004/Daftar_Situs_Slot_Gacor_Bet_Kecil_100_200_Terperca https://new.c.mi.com/ph/post/164273/KUMPULAN_19_LINK_SITUS_SLOT_JUDI_GACOR_TERBARU_202
Business

China’s new electric cars cost more to insure than fuel-powered cars




In China, new energy vehicles usually receive green plates – which are often easier for citizens to apply for, compared to the blue plate of a traditional fuel-powered car.

Vcg | Visual China Group | Getty Images

BEIJING — As Chinese companies scrap new electric cars, local insurers believe they are more expensive to cover.

In general, the insurance premium for new energy cars ̵[ads1]1; which includes electric cars – is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who heads the firm’s China insurance research.

Many factors come into play to determine the price. But Chen said insurers find that the loss ratio — a measure of costs to insurers — tends to be higher for new energy vehicles than for combustion engine cars.

One of the main reasons she cited for a higher loss ratio is more accidents, especially more expensive ones – since new energy vehicles often use parts that haven’t been mass-produced yet.

In the US, insurance for electric cars also tends to be about 15% more expensive than for cars with an internal combustion engine — primarily because electric cars in the US tend to be luxury cars, according to Chase Gardner of Insurify, which compares car insurance prices in the US. USA

But repair costs are another reason for higher insurance rates, since “fewer places have the capacity to service electric cars in the United States,” Gardner said. “In general, people who drive electric cars end up paying lower maintenance costs over time. Again, the big question is, do you get into an accident?”

China’s new electric cars cost more to insure than fuel-powered cars

In the US, Insurify’s analysis of the US market found that there was no difference in accident rates between electric cars, hybrids and cars with a combustion engine.

But according to official Chinese statistics, new energy vehicles in the country are more prone to fire than traditional fuel-powered ones. In the first quarter, 640 new energy vehicles reported fires, 32% more than a year ago, according to the Ministry of Emergency Situations’ fire and rescue department.

This increase was far more than the 8.8% increase in transport vehicle fires overall, the ministry said. More recent figures were not available. The ministry did not respond to a CNBC request for comment.

For the whole of 2021, the ministry reported at least 3,000 new energy car fires. It said the fire risk was generally higher for such cars than for traditional vehicles, without disclosing specific figures.

The rising number of fires comes as the number of new energy vehicles has increased in China.

From January to August, 3.26 million new energy cars were sold – more than double the same period last year and about 25% of all cars sold in the country, according to the China Passenger Car Association. That proportion was around 15% last year.

In contrast, new energy vehicles remain a far smaller part of the US car market.

Hybrid, plug-in hybrid and electric vehicles accounted for 11% of US light vehicle sales in the fourth quarter of 2021, the US Energy Information Administration said, citing data from Wards Intelligence. A more recent report was not available. Light vehicles also include pick-up trucks and vans.

A wave of new cars

China, home to the world’s largest car market, has supported the growth of new energy vehicles with policies that make it easier to get license plates, as well as subsidize purchases.

For the first seven months of this year, tax exemptions for the purchase of new energy vehicles totaled 40.68 billion yuan ($5.9 billion) — and the equivalent of more than $1 billion in July alone, according to official figures. The tax authority said both amounts were more than double what they were from a year ago.

Many Chinese companies have rushed to launch new energy vehicles, although it is unclear what their specific accident risks are.

New energy vehicles tend to be simpler, especially in design, than combustion vehicles, said Cui Dongshu, secretary general of the China Passenger Car Association.

Electric cars are based on a platform system, and certification of safety can be faster, he said, noting the potential use of virtual test scenarios, or the ability to test individual parts.

Read more about electric vehicles from CNBC Pro

In less than a year, Chinese telecommunications and smartphone giant Huawei partnered with car manufacturer Seres to launch three new energy vehicles under the Aito brand. The cars are the first to use Huawei’s HarmonyOS operating system.

At a launch event in July, Huawei Consumer Business Group CEO Richard Yu boasted how quickly his team and Seres were able to conduct many vehicle safety tests in such a short time, to develop and launch two models in just over a year.

“In the hundred years of the auto industry, there is no record of anyone doing it this quickly before,” Yu said in Mandarin, as translated by CNBC.

Two of the three cars have already reached consumers. Shipments of the first model topped 10,000 units in just 87 days – an industry record for a new car brand, Huawei claimed in August.

Usually, it takes three to four years for the production and development of a car, said Helen Chai, consulting director of China Insights Consultancy. She said if the car is based on an existing one, a new model will only take two to three years.

She said the steps to develop and certify a new energy vehicle and an internal combustion engine car are generally the same.

Other local players are rapidly launching new models, although Tesla in particular has not done so.

For example, in the past 12 months, Nio began deliveries of its first electric sedan, launched a second sedan – and launched and delivered a new SUV.

Last year, Baidu and Geely announced the launch of their joint electric car project, Jidu. Next year, the first Jidu car will begin customer deliveries.

Huawei had no comment. Nio and Jidu did not respond to a CNBC request for comment.

Why this company is called China's Tesla



Source link

Back to top button