Following Tesla's launch of new energy vehicle insurance business in China, Weilai invested 50 million yuan "followed"

Domestic new energy exclusive car insurance has been launched, and many new energy car owners have reported a sharp rise in premiums. There is no doubt that the insurance cost of the vehicle, compared with the charging cost, has become the largest car cost for new energy vehicle owners.

NIO Insurance Brokerage Co., Ltd. completed industrial and commercial registration (Figure/National Enterprise Credit Information Publicity System)

In the U.S. market, Tesla officially launched its insurance plan in California as early as August 2019, and its initial price can be 20% to 30% lower than competitors, which may be due to Tesla's knowledge of its own vehicles and Tesla's vertical integration may also contribute to these lower rates. In the US market, Tesla has also launched a self-operated insurance service to meet the needs of car owners for insurance services.

On December 27, 2021, the China Insurance Industry Association's Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial) were officially launched, requiring all new energy vehicles to be insured with new energy vehicle insurance.

Subsequently, new energy vehicle companies have laid out and bet on their insurance brokerage licenses in advance. As early as August 2020, Tesla established an insurance brokerage company in Shanghai.

Just learned from the National Enterprise Credit Information Publicity System that on January 19, Weilai Insurance Brokerage Co., Ltd. completed industrial and commercial registration, the legal representative is Qu Yu, the registered capital is 50 million yuan, and the business scope includes insurance brokerage business, insurance agency business, insurance concurrently operating agency business, and insurance valuation business.

In the face of the big cake of hundreds of millions of market scale, new energy vehicle companies are accelerating to seize the super entrance of car insurance.