Hong Kong, December 10, 2024 /PR Newswire/ -- Recently, Ping An Insurance Company of China, Ltd. (hereinafter referred to as "Ping An Insurance") signed a strategic cooperation agreement with Chongqing Sokon Industry Group Stock at the Chongqing Sokon Super Factory. The signing was attended by leaders from both sides, including Long Quan, Secretary of the Party Committee, Chairman and CEO of Ping An Insurance, and He Liyang, President of Chongqing Sokon Industry Group Stock. Xu Ting, Member of the Party Committee and Assistant General Manager of Ping An Insurance, and Wang Youdong, Deputy Secretary of the Party Committee and Senior Vice President of Autohome, were invited to attend the signing ceremony. The two parties will focus on deepening cooperation in three major areas: intelligent driving protection products, digital insurance services, and ecological resource sharing, exploring and developing new models and products of insurance services in the innovative field of intelligent driving, promoting a comprehensive improvement in user service levels to meet the innovative protection and service needs of auto manufacturers and consumers in the application of new technologies during the intelligent driving era.

Under the guidance of strategic cooperation, Ping An Insurance has teamed up with Autohome and AITO's Chongqing Sokon Industry Group Stock to launch the country's first smart driving liability insurance program—Smart Driving Worry-Free Service Rights. This program covers all scenarios of smart driving protection needs, including smart parking and smart driving. By exploring efficient and worry-free risk management solutions, it provides comprehensive smart driving travel protection for a large number of Electric Vehicle owners in aspects such as scenario-based, functional, tangible, and branded services.

In terms of scenario-based protection, the use of high-end intelligent connected vehicles currently involves multiple scenarios, with significant differences in road, environment, and transportation characteristics under different scenarios. Therefore, Ping An Insurance provides targeted intelligent driving liability risk protection plans for various types of vehicles tailored to the eight major scenarios of AITO intelligent parking and intelligent driving.

In terms of functionality, different automated driving functions of intelligent connected vehicles present varied risks and protection needs. Thus, providing differentiated protection plans for different automated driving functions becomes crucial. Ping An Insurance has specifically designed comprehensive protection plans targeting new risk points such as parking assistance, cruise assistance, navigation assistance, and cybersecurity in intelligent connected vehicles, effectively covering various functional risk liabilities.

In terms of concretization, the newly launched intelligent driving liability insurance protection plan fully considers the needs of different customer groups in the design of the insurance scheme. For example, consumers focus more on single vehicle insurance coverage, including traditional vehicle damage and third-party liability, while Auto Manufacturers and Operators pay extra attention to the protection of their clients and their own Assets, such as the safety of passengers or the loss of hardware and software equipment. Based on this, Ping An Insurance develops differentiated insurance protection products tailored to the different insurance needs of enterprises and provides personalized insurance services.

In terms of branding, Autohome, as a holding company of Ping An Group, has maintained a deep collaborative relationship with Chongqing Sokon Industry Group Stock. Autohome will customize the logo for the intelligent driving worry-free service rights on the model pages of the AITO Wenjie brand products, allowing users to experience the advantages of intelligent driving more quickly and effectively, deeply binding the intelligent driving label with the AITO Wenjie brand. Meanwhile, leveraging Autohome's professional original content team for continuous reporting of events has effectively expanded the brand's influence, attracting more potential user attention and further enhancing the recognition and reputation of Chongqing Sokon Industry Group Stock's intelligent driving strength.

Long Quan, Secretary of the Party Committee, Chairman and CEO of Ping An Insurance, and Chairman of Autohome, stated that in this cooperation, Autohome plays an important role as a member of Ping An Group, fully leveraging its media value and client relationship advantages. It conducts key client visits in collaboration with Ping An Insurance to co-create the industry’s first intelligent driving protection service plan with clients, which not only creates a safer, more comprehensive, and convenient service experience for end intelligent driving users but also sets a new industry benchmark for exclusive protection in the era of intelligent driving.

About Autohome.
Autohome (New York Stock Exchange ticker: ATHM; Hong Kong Stock Exchange code: 2518) is China's leading online service platform for automobile consumers. According to QuestMobile data, Autohome's daily average mobile users reached 72.87 million in September 2024, representing a 5.6% increase compared to the same period in 2023. The company's mission is to enhance the car buying and usage experience for consumers in China. Autohome provides automobile consumers with original content (OGC), professionally created content (PGC), user-generated content (UGC), AI-generated content, a comprehensive database of automobile models, and extensive publishing information covering the entire car buying and usage cycle. Due to its access to a large and active user base of automobile consumers, Autohome has become the preferred platform for auto manufacturers and dealers to promote advertising campaigns. Additionally, the company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending their physical showrooms to millions of potential online users in China and generating sales leads. The company offers sales leads, data analysis, and Marketing Services to assist auto manufacturers and dealers in improving efficiency and facilitating transactions. Autohome operates its "Car Mall," a fully functional online trading platform that helps auto manufacturers and dealers facilitate transactions. Furthermore, the company also provides other value-added services through its website and mobile applications, including automobile finance, automobile Insurance, used car transactions, and after-sales services.

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