Chinese Electric Cars Like BYD and GWM Are Rejected When Getting Insurance. Understand the Reason!

Written by Roberta Souza

Published on 13/03/2024 at 21:42

Foto: Reprodução Exame

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Chinese Electric Car Owners From BYD, GWM, and MG in the United Kingdom Face Difficulties in Securing Insurance Due to Lack of Replacement Parts for Vehicles

Chinese electric cars, such as those from the Chinese manufacturers BYD, GWM, and MG, are facing difficulties in the UK insurance market due to the unavailability of replacement parts. This situation has worried owners of these cars, who have encountered obstacles in securing protection for their vehicles.

According to Auto Express magazine, British insurers are refusing to insure models from Chinese manufacturers such as the BYD Seal, GWM Ora 03, and some MG models. BYD acknowledged the difficulty and held an event for insurers, showcasing its strategy for parts distribution and maintenance solutions.

Lack of Knowledge About European Parts Market Is Pointed Out as a Problem

Experts point out that Chinese manufacturers still lack the necessary knowledge about the European parts and service market, which has contributed to this situation. The quality of BYD cars has been praised, but the lack of market understanding has been criticized.

ARTICLE CONTINUES BELOW

Chinese Manufacturers BYD, GWM, and Caoa Chery Seek Solutions for Insurers

To overcome these problems with insurers, Chinese manufacturers in Brazil are expanding the supply of parts at their logistics centers. The manufacturer GWM, for example, debuted with a stocked parts warehouse. Caoa Chery has opened a new parts distribution center in Franco da Rocha (SP).

While in the UK the resistance from insurers is already a reality, in Brazil Chinese manufacturers are preparing to face market challenges, seeking to ensure the availability of parts for cars and customer satisfaction. The situation in Britain serves as a warning for Chinese, Indian, and Vietnamese manufacturers about the importance of understanding and adapting to local markets before launching their products.

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Chinese Electric Cars Like BYD and GWM Are Rejected When Getting Insurance. Understand the Reason!

Chinese Electric Car Owners From BYD, GWM, and MG in the United Kingdom Face Difficulties in Securing Insurance Due to Lack of Replacement Parts for Vehicles

Lack of Knowledge About European Parts Market Is Pointed Out as a Problem

Chinese Manufacturers BYD, GWM, and Caoa Chery Seek Solutions for Insurers

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Chinese Electric Cars Like BYD and GWM Are Rejected When Getting Insurance. Understand the Reason!

Chinese Electric Car Owners From BYD, GWM, and MG in the United Kingdom Face Difficulties in Securing Insurance Due to Lack of Replacement Parts for Vehicles

Lack of Knowledge About European Parts Market Is Pointed Out as a Problem

Chinese Manufacturers BYD, GWM, and Caoa Chery Seek Solutions for Insurers

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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