– XPENG partners with leading insurers in China to offer insurance coverage for smart vehicles
– XPENG introduces an advanced online insurance system that covers everything from quoting to claims processing
– XPENG is committed to advancing the development of insurance solutions for autonomous driving
Guangzhou, China – WEBWIRE – Wednesday, May 17, 2023
XPENG (NYSE: China Pacific Property Insurance Co Ltd. The goal of this collaboration is to launch an intelligent insurance service program and related products that provide car owners with enhanced insurance coverage.
The partnerships with leading insurers enable XPENG to develop insurance programs specifically designed for intelligent vehicles equipped with ADAS (Advanced Driver Assistance System) features. The aim is to support the further development of autonomous driving technology and promote its commercial application in order to ultimately make autonomous driving accessible to a broad public.
XPENG Motors has launched a new and comprehensive intelligent online insurance system that covers the entire process from quote request to claims processing. With the support of its insurance partners, XPENG has successfully established this intelligent insurance service system. The online insurance penetration rate among XPENG car owners is close to 90%, and the satisfaction rate with intelligent claims processing is an impressive 98%. This system has played a crucial role in increasing efficiency in delivering new vehicles, improving user experience and gathering valuable feedback. To date, the intelligent insurance claims service has served nearly 40,000 car owners.
“XPENG is a leading provider of autonomous driving technology in China. I believe we are also ahead of others in the market. That is why we need the support of policies, regulations and the insurance industry. By exploring the future of the autonomous driving market together while prioritizing safety, we can achieve technological innovation,” said He Xiaopeng, Chairman and CEO of XPENG.
In the future, XPENG Motors will deepen its cooperation with various insurance companies to jointly explore and establish insurance product systems specifically tailored for autonomous driving technology and autonomous vehicles. The aim of this commitment is to promote the healthy development of the intelligent automobile industry and accelerate the integration of autonomous driving into society.
About XPENG
XPENG is a leading Chinese smart electric vehicle company that designs, develops, manufactures and markets smart electric vehicles that appeal to the large and growing base of middle-class tech-savvy consumers. Its mission is to advance the transformation of intelligent electric vehicles with technology, thereby shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG internally develops its comprehensive, advanced driver assistance system technology and intelligent in-car operating system, as well as core vehicle systems, including the powertrain and electric/electronic architecture. XPENG is headquartered in Guangzhou, China with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The company’s smart electric vehicles are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong Province. Visit https://heyXPENG.com for more information.
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