On May 17, according to Southern Metropolis Daily, recently, the China Banking and Insurance Regulatory Commission approved the renaming of “Yi’an Property Insurance Co., Ltd.” to “Shenzhen BYD Property Insurance Co., Ltd.”.

And Zhou Yalin, vice president and chief financial officer of BYD, was approved as chairman of Shenzhen BYD Property Insurance Company.

Experts believe that the purpose of BYD’s large-scale insurance is not only insurance, but also the entire industrial ecology. Through the acquisition of Yi’an Property & Casualty Insurance, BYD can combine its advantages in the automotive industry chain with the Internet advantages of Yi’an Property & Casualty Insurance, and expand the company’s influence and market share in the field of Internet insurance.