Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com May 9 news, the official website of the Bancassurance Regulatory Commission today shows that it is agreed that BYD Automotive Industry Co., Ltd., the holding subsidiary of BYD Co., Ltd. (hereinafter referred to as BYD), will be transferred to 1 billion shares of Yi'an property Insurance Co., Ltd. (hereinafter referred to as Yi'an property Insurance).

After this equity transfer, Shenzhen Yinzhijie Technology Co., Ltd., Shenzhen Guanghui Petroleum Group Co., Ltd., Xizang Xinchuang Asset Management Co., Ltd., Beijing Fubon Hengye Technology Development Co., Ltd., Beijing Hengyi Xinyuan Technology Co., Ltd., Shandong Daneng Industry and Trade Co., Ltd., Shenzhen Jin Jiuchen Trading Co., Ltd. no longer hold Yi an property insurance shares.

The approval of Yi'an property Insurance means that BYD officially won the property insurance license.

Yi'an property Insurance is one of the four professional Internet insurance companies in China. It was approved to start business on February 16, 2016, with a registered capital of 1 billion yuan, registered in Shenzhen. Due to insufficient solvency and other reasons, on July 17, 2020, the Bancassurance Regulatory Commission announced that it would take over Yi'an property Insurance for a period of one year. On June 29, 2022, the Bancassurance Regulatory Commission approved the bankruptcy reorganization of Yi'an property Insurance. On July 8, Yi'an property Insurance filed for bankruptcy reorganization with the Beijing Financial Court on the grounds that it was unable to pay off its maturing debts and obviously lacked solvency.

According to relevant data from CTOnews.com, BYD produced 209448 new energy vehicles and sold 210295 new energy vehicles in April 2023, an increase of 98.3% over the same period last year. BYD sold 762371 new energy vehicles from January to April, an increase of 94.3% over the same period last year.

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