Many are aware of Tesla’s insurance division. It got a lot of publicity, including here on CleanTechnica. But did you know that BYD, the largest plugin vehicle producer in the world*, also now sells its own car insurance? · Yes, starting in May 2024, BYD began selling auto insurance as well as automobiles (and batteries, and forklifts). So, how is that insurance for BYD’s many, many electric vehicles going? Apparently, very well! · The company pulled in RMB 67.26 million ($2.4 million) i...
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BYD set up its own auto insurance business through an acquisition, which began operations in May this year.
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