Chairman of China Taiping: The outbound development of new energy vehicles still faces gaps in security, requiring the establishment of a complete service network.

On November 8th, during the 8th China International Import Expo, Fu Fan, Chairman of China Pacific Insurance, stated at the "Pacific Property Insurance New Energy Vehicle Ecological Development Forum" that from a national strategic perspective, by 2024, China's sales of new energy vehicles will reach 12.87 million units, with the upstream and downstream market size of the industry chain reaching nearly 2.8 trillion RMB. Fu Fan believes that from a technological perspective, the risk management challenges behind the technological leap in new energy vehicles are becoming increasingly prominent. New courses such as intelligent driving and battery safety require collaboration among partners in the automotive, technology, and insurance industries to explore together, ensuring that technology can be safely implemented. However, he also pointed out that China's new energy vehicles have already entered the international market, with exports expected to exceed 70% by 2024. To address shortcomings in overseas insurance protection, service guarantees, and financial support, a complete service network must be established to ensure the industry's overseas expansion is stable and successful, ultimately achieving mutual benefit.