"Car owners complain about high prices, insurance companies complain about losses" New energy car insurance needs innovative solutions. In 2030, new energy auto insurance premiums will reach 1.3 trillion yuan.
Whoever can solve this problem will be the first to occupy this blue ocean with unlimited prospects, says Tan Min. By 2023, BYD Property & Casualty Insurance added "motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance" to its business scope. In recent years, domestic car companies such as NIO, Ideal, and Xpeng have entered into the insurance business across borders.