EV Insurance
BYD's auto insurance unit posts net income of $850,000 in Q2
BYD set up its own auto insurance business through an acquisition, which began operations in May this year.
Xpeng says its models face insurance cost hikes of no more than 20%
The average insurance cost quoted for Xpeng's flagship sedan, the P7, rose 18.2 percent from RMB 5,600 to RMB 6,622.
Chinese insurer denies suspending insurance coverage for new Tesla vehicles
Ping An Property Insurance does not have a suspension of insurance coverage for new Tesla vehicles in some regions, the company said in response to a previous media report.
Chinese insurer is reportedly suspending insurance for new Tesla vehicles in some regions
Ping An Property Insurance has refused to insure new Tesla vehicles in some provinces and cities, and its policy has been tightened for those who already have insurance contracts with the company and need to renew their policies, Sina Tech reported.