NIO Establishes Insurance Brokerage Firm with Registered Capital of $8M

Seeking Alpha2022-01-24

In order to offer its own insurance services for car owners and after the launch of exclusive insurance for new energy vehicles (NEV) in China, NIO(NYSE:NIO)recently incorporated an insurance brokerage company in Hefei, Anhui province, where it has its China headquarters, as reported by CNEVPost.
On Dec.27, 2021, the Shanghai Insurance Exchange launched a NEV insurance trading platform, offering the first batch of NEV insurance products from 12 insurance companies.
As per information on data provider Tianyancha, the insurance brokerage has a registered capital of $7.9M.
The company is called NIO Insurance Brokers and was founded on Jan.19; its business scope includes insurance brokerage, insurance agency business and insurance valuation business, and is wholly owned by NIO.
Currently, NIO offers - Service Free and Insurance Free options which also include commercial insurance.
NIO shares trading 3.5% down premarket

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ATM228
2022-01-24
ATM228
Close loop economy
Rocktime
2022-01-24
Rocktime
牛逼牛逼。现金流有了

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