Higher Insurance Cost - Chinese electric vehicles entering the UK carry higher insurance costs due to longer repair wait times, with some coverage companies totaling these cars over their lack of service accessibility. These longer repair times stem from more extended shipping times for replacement parts, poor coordination between insurance firms, and lower technical knowledge of the electric vehicles’ (EVs’) designs.
Some insurers have decided not to cover any Chinese electric cars. On average, EV insurance premiums increased 50 per cent in the UK — about twice that of gasoline vehicles.
Thatcham Research - However, Chery’s two-year deal with Thatcham Research includes consultancy on all new models launched across all international markets. Thatcham Research will also upskill Chery’s teams in producing effective regional repair methods.
The goal is to ensure that Chery vehicles coming off the production line are as insurable as they are innovative, bridging the gap between cutting-edge design and practicality in maintenance and repair.
By doing so, Chery is signaling its intent to anticipate the needs and challenges of the future and address them today, creating a better total cost of ownership experience for its drivers.”
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