February 5, 2023
(Supply: NIO)

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In keeping with Tianyancha APP, NIO Insurance coverage Brokerage Co., Ltd. has been not too long ago  established with a registered capital of fifty million yuan ($7.9 million). The brokerage is 100% managed by way of Chinese language EV maker NIO.

The corporate’s industry scope contains each the insurance coverage brokerage and company sides of the business.

NIO’s transfer comes after the release of unique insurance coverage for brand new power cars in China. On December 27 remaining yr, the Shanghai Insurance coverage Change introduced a NEV insurance coverage buying and selling platform, providing the primary batch of NEV insurance coverage merchandise from 12 other insurance coverage firms.

NIO lately gives house owners “Provider Loose” and “Insurance coverage Loose” choices, either one of which come with business insurance coverage. The corporate introduced via its app on December 29 that the 2021 model of “Provider Loose” will upload protection for exterior grid failure, house charger loss and residential charger legal responsibility, whilst keeping up the similar value.

SEE ALSO: NIO Launches First Battery Change Station in Europe

On December 29, native media outlet Cailian quoted NIO as announcing that it was once comparing the potential for developing an unique insurance coverage product for its cars in keeping with the newest NEV insurance coverage phrases.

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