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A car company was refused insurance by multiple insurance companies? official statement

2024-09-17 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)08/09 Report--

According to media reports, a number of car owners reported a sharp rise in insurance premiums and refused insurance by a number of insurance companies. According to the report, some car owners said they bought Nashi car in 2022 and were told to pay more than 9000 yuan for insurance renewal this year because a large number of cars of the brand were used for ride-hailing. The owner of the car only came out of insurance once last year, with compensation of 1000 yuan, and his vehicle is a non-operating vehicle, but the premium has increased by more than 4000 yuan this year. In addition, there are also a number of car owners who reported a sharp rise in insurance premiums, and even insurance companies refused to quote, mostly because of the high risk rate of online ride-hailing, the rate can not be reduced, and so on.

On the evening of August 8, the Ministry of Automobile Law issued a clarification statement in response to the revelation that the insurance company had refused insurance.

Nashi Automobile said: "according to the data consulted by Nahu Automobile from the relevant database, the renewal premium rate in the sold vehicles has dropped by more than 8% overall, which is lower than the industry average. After further verification by all parties, there is no case of insurance companies refusing insurance for which car brand models."

The statement also said that Naha cars will continue to pay attention to the renewal of insurance by car owners. At the same time, Nahu Automobile pointed out that individual self-media maliciously generalize and take advantage of the opportunity to spread rumors and slander, seriously harming the legitimate rights and interests of Nahu Automobile and the broad masses of consumers. Nashi Automobile will take legal measures to crack down on illegal infringement and safeguard the legitimate rights and interests of the company and the majority of consumers!

Nezhong Automobile, a brand of Hezhong New Energy Automobile Co., Ltd., was founded in 2014. At present, seven models are on sale, including AYA, GT, L, S, V, X and U, with a price range of 10-200000 yuan. It is understood that the insurance cost of Nahu car varies according to the type of car and the type of insurance. Under normal circumstances, the insurance premium of ‌ is about 4000-5000 yuan.

As a new power brand in China, the performance of Nawei Automobile in the domestic market in the past two years is not as good as that in previous years, especially since it has been "lagged" many times since 2024. On June 26, Hezhong New Energy Automobile Co., Ltd., the parent company of Naha Automobile, submitted an application for listing to the Hong Kong Stock Exchange. The documents show that from 2021 to 2023, United Motor lost 4.84 billion yuan, 6.666 billion yuan and 6.867 billion yuan respectively.

In terms of sales volume, Naha car sales have been in the doldrums since 2023. According to the data, Naha delivered a total of 127496 new cars in 2023, down 16.16% from the same period last year. From January to July this year, Nahu's cumulative sales were 64784, down 10.59% from the same period last year. Among the subdivided models, although there are a lot of models under Nahan Automobile, there are not many models with a large number of models. Take the retail sales in July as an example, the highest car sales in Najiao is the Nezha L, which is 5628, followed by the Naxi X, which is 1945, and the other models are all less than 1,000, such as the Nezha S and Naga GT sales are 693and 158respectively, while the Naga AYA is only 24.

At present, the prices of most of Nahan's products fall in the range of 200000, which is the broadest domestic market but also the most competitive area. Admittedly, it is not easy for Nahu to break through in this segment. According to the plan, the global sales target of Nashi is 300000 vehicles in 2024, including 200000 domestic vehicles and 100000 overseas vehicles. It remains to be seen whether the car can create new surprises in the future.

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