【Sexy Sisters】
Tesla is Sexy Sistersmaking a renewed push into the Chinese insurance market with the establishment of a wholly-owned subsidiary with a registered capital of RMB 50 million ($6.92 million) and its China chief Tom Zhu as the legal representative in Beijing on July 30. The new company, called Tesla Insurance Brokerage (China) Co., Ltd., was established on July 30 and the sole shareholder of the new company is Tesla Insurance Services LLC, a wholly foreign-owned enterprise owned by Hong Kong, Macao, and Taiwan residents. The latter was originally established back in 2020 by Tesla but the US automaker recently removed the registration of the subsidiary in China, according to Chinese corporate data site Tianyancha.
Tesla will still need to gain approval from China’s financial regulators to start selling insurance products in the country after registration of the business is completed, according to an August 1 report by Caixin. In a similar move, rival BYD last May fully acquired Yi’an P&C Insurance Co, a Chinese insurer that completed bankruptcy restructuring in mid-2022, as the EV giant looks to provide customers with lower-cost EV insurance products, which are normally pricier than those for internal combustion engine cars. [Caixin, Tianyancha, in Chinese]
Search
Categories
Latest Posts
It just got a bit easier to watch YouTube in Cuba
2025-06-26 22:36Twitter trolls Trump's anti
2025-06-26 22:21Popular Posts
Japan orders Google to stop alleged antitrust violations
2025-06-26 23:26Google remains a boring, tremendously successful company
2025-06-26 22:32Best Garmin deal: Save over $30 on Forerunner 55
2025-06-26 21:20Featured Posts
Even James Blunt is sick of 'You're Beautiful'
2025-06-26 22:38Here's why these mushrooms glow in the dark
2025-06-26 22:37Get the official Atari 7800+ Console for 50% off
2025-06-26 22:14Popular Articles
Draper vs. Arnaldi 2025 livestream: Watch Madrid Open for free
2025-06-26 23:50Even James Blunt is sick of 'You're Beautiful'
2025-06-26 23:43Teenagers are taking breaks from social media —but are you?
2025-06-26 23:04Amazon's screen
2025-06-26 22:56Newsletter
Subscribe to our newsletter for the latest updates.
Comments (7156)
Opportunity Information Network
NYT Connections hints and answers for April 14: Tips to solve 'Connections' #673.
2025-06-26 23:19Newborn Information Network
Goddamn it Samsung, just let the Galaxy Note 7 stay dead
2025-06-26 23:03Habit Information Network
The world of 'Cars' has a dark and terrifying origin theory
2025-06-26 22:28Evergreen Information Network
Facebook finally lets creators claim ad revenue when their videos are stolen
2025-06-26 22:21Wave Information Network
Best robot vacuum deal: Save $200 on Eufy X10 Pro Omni robot vacuum
2025-06-26 21:58