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A few days ago, Tesla Insurance Brokerage (China) Co., Ltd. appeared in the list, which means that Tesla may apply for registration of an insurance brokerage company in China again, according to a notice on the application and registration of enterprise names released by the State Administration of Market Supervision and Administration. It is understood that Tesla Insurance Brokerage (China) Co., Ltd. registered capital of 50 million yuan, the scope of business for insurance brokerage business. Shareholder information shows that the company is wholly owned by Tesla Insurance Services Co., Ltd., and the legal representative and chairman are Zhu Xiaotong.

Tesla is the first crab eater in the new energy automobile industry to carry out insurance business. As early as 2016, Tesla launched the InsureMyTesla program in Australia and Hong Kong, China. In 2017, the business expanded to North America. In August 2019, Tesla officially launched the insurance business in California. In August 2020, Tesla registered and established Tesla Insurance Services Co., Ltd. in China, which is wholly owned by Tesla Automobile Hong Kong Co., Ltd. the legal representative, chairman and general manager are Zhu Xiaotong, then vice president of Tesla and head of Greater China. The scope of business is insurance brokerage business. The registered address of the company is on the second floor, 5000 Jiangshan Road, Lingang New area, China (Shanghai) Free Trade Experimental Zone. That's where Tesla's Shanghai Super Factory is located. However, due to the delayed approval of its insurance brokerage business license, the company issued a simple cancellation announcement in March this year, and the status of the enterprise changed from survival to cancellation.

In addition to Tesla, domestic new energy car companies also take frequent actions in the layout of the car insurance market. On May 6, the State Administration of Financial Supervision made a public reply to the request of Shenzhen BYD property Insurance Co., Ltd. for approval of compulsory motor vehicle traffic accident liability insurance clauses and premium rates. it is agreed that BYD property Insurance will use the national unified traffic insurance clause, basic insurance rate and corresponding rate fluctuation coefficient in Anhui, Jiangxi, Shandong (excluding Qingdao), Henan, Hunan, Guangdong, Shaanxi and Shenzhen.

The launch of the auto insurance business by BYD Insurance marks the first property insurance company wholly owned by an auto company to officially enter the new energy auto insurance market. BYD Insurance issued its first insurance policy on May 13, covering 24 dolphin honorable 420km free versions with an official guiding price of 112800 yuan and a total premium of 3900 yuan.

The biggest significance of setting up insurance brokerage companies for new energy car companies is that they can develop customized products for their own cars, and the money for selling insurance products is also "fat and water does not flow to outsiders' land." In addition, in terms of the difficulty of license approval and operation, the establishment of intermediary agencies is also a relatively simple and easy path for car companies.

In the American market, Tesla's insurance products are often strongly tied to users' driving data, scoring and calculating premiums according to users' driving behavior. It is understood that the safety system will be evaluated according to the driving habits of car owners, and will have a basic safety score of "90 points" after the first launch. When the score of car owners is higher than this score, the monthly premium will drop. Musk has publicly said that car owners who exceed the average score in the safety scoring system will get a premium savings of 20 per cent and 40 per cent, while those with the highest scores will get 30 per cent and 60 per cent premium savings.

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