Industry News | Tesla once again established an insurance brokerage company, with Zhu Xiaotong as chairman

After more than three months of deregistering Tesla Insurance Brokerage Co., Ltd., Tesla recently made another move and established a new insurance brokerage company.

Tesla Insurance Broker (China) Co., Ltd. was established

Tianyancha shows that Tesla Insurance Broker (China) Co., Ltd. was established on July 30th, with Zhu Xiaotong as the legal representative and chairman, a registered capital of 50 million yuan, and a business scope of insurance brokerage.

In terms of shareholder information, Tesla Insurance Services Limited holds a 100% stake and is the controlling shareholder and actual controller of the company.

According to media reports, in July of this year, the State Administration for Market Regulation announced that Tesla Insurance Broker (China) Co., Ltd. appeared on the list, indicating that Tesla will apply for registration as an insurance broker company again in China.

Tesla established Tesla Insurance Brokerage Co., Ltd. in the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone in August 2020, but its insurance brokerage business has not been approved for a long time. In late March of this year, the company was applied for simplified cancellation, and on April 16th, the enterprise status was officially changed from existence to cancellation.

In terms of car insurance business, Musk has stated that Tesla wants to launch cheaper, better, and even "revolutionary" car insurance services. In the US market, Tesla's insurance products are mainly linked to the rating of its safety system, which is based on the owner's driving data and behavior, and the premium will also be adjusted according to changes in the safety rating.

It is worth mentioning that in April this year, Tesla obtained the "Green Label" for data security, becoming the first foreign car company to pass relevant national standards.