Warren Buffett-backed BYD in talks to take over Yi’an insurer sees record profit in FY2022.

BYD EV retail

Robert Way

As expensive electric vehicle repairs weigh on insurance providers, Chinese electric vehicle maker 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

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