Warren Buffett-backed Chinese EV maker BYD in talks to acquire insurer Yi'an; sees record profit in FY2022

BYD EV retail store

Robert Way

As expensive electric vehicles repairs weigh on insurance providers, China’s EV manufacturer BYD (OTCPK:BYDDF) is working on a potential acquisition of Yi’an P&C Insurance Co., the company confirmed to Reuters on Tuesday.

“The acquisition is ongoing,” BYD said in