(Yicai Global) July 13 — BYD plans to quadruple the registered capital of the property and casualty insurance company that the Chinese electric vehicle titan acquired in May, indicating that it is preparing to enter the auto insurance sector, industry insiders told Yicai Global.
BYD will inject another CNY3 billion (USD418.2 million) to bring the registered capital of BYD Property and Casualty Insurance, formerly Yi’an P&C Insurance, to CNY4 billion, the Insurance Association…
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