China's Ping An P&C and Thailand's Dhipaya Insurance have signed an MOU to support Chinese EV players in the Thailand market, beyond the standard manufacturer warranties.
Under the agreement expected to be launched in early 2026, Dhipaya will underwrite EVs and Ping An will provide reinsurance capacity arranged by Howden Maxi, Howden’s Thai operation, together with Howden Re.
The involvement of the two insurers, will help Chinese EV brands address key overseas challenges, including changing regulations, high repair and parts costs, and limited service networks.