BEIJING, June 20,
2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG)
("Cheche" or the "Company"), China's leading auto insurance technology
platform, today announced it has entered into a partnership with
NIO Insurance Broker Co., Ltd. ("NIO Insurance Broker"), a
subsidiary of NIO INC. (NYSE: NIO) ("NIO"), as Cheche continues
to deepen its collaborations with new energy vehicle
("NEV") manufacturers.
Cheche's accessible digital platform, powered by
industry-leading technology, will digitalize the process of
completing auto insurance for NIO, while reducing front-end
insurance delivery costs and enabling NIO to digitally manage its
insurance business. This customized digital insurance service
system for NIO is expected to launch in the next
quarter.
"The global NEV industry continues to experience substantial
growth led by the Chinese NEV manufacturers," said Lei Zhang,
Founder, CEO, and Chairman of Cheche. "As a trusted service
provider for NEV insurance services, we are committed to
creating value for NIO and our other partners throughout the
product lifecycle and will strive to retain our standing as the
leading intelligent insurance platform for NEVs in China."
This announcement marks another positive milestone for Cheche's
NEV insurance business. Building on the solid foundation of
established relationships with top Chinese NEV manufacturers,
Cheche intends to continue its gradual expansion by securing
agreements with additional NEV companies to administer new policy
issuances, insurance renewals, contract management, claims
management, and risk pricing.
Cheche empowers NEV manufacturers to deepen their relationship
with consumers by offering comprehensive insurance solutions that,
over time, can include customized pricing based on driver behavior,
comprehensive claims management and repairs, and fraud
prevention by leveraging the rich data generated by the auto's
sensors and Cheche's AI and data analysis tools.
Safe Harbor Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements also include, but are not limited to,
statements regarding existing and new partnerships and customer
relationships, projections, estimation, and forecasts of revenue
and other financial and performance metrics, projections of market
opportunity and expectations, the Company's ability to scale and
grow its business, the Company's advantages and expected growth,
and its ability to source and retain talent, as applicable. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the Company's management and are not predictions of actual
performance. These statements involve risks, uncertainties, and
other factors that may cause the Company's actual results, levels
of activity, performance, or achievements to materially differ from
those expressed or implied by these forward-looking statements.
Further information regarding these and other risks, uncertainties,
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. Although the Company believes
that it has a reasonable basis for each forward-looking statement
contained in this press release, the Company cautions you that
these statements are based on a combination of facts and factors
currently known and projections of the future, which are inherently
uncertain. The forward-looking statements in this press release
represent the views of the Company as of the date of this press
release. Subsequent events and developments may cause those views
to change. Except as may be required by law, the Company does not
undertake any duty to update these forward-looking statements.
About Cheche Group Inc.
Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto
insurance technology platform with a nationwide network of around
110 branches licensed to distribute insurance policies across 25
provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in
auto insurance transaction services, Cheche has evolved into a
comprehensive, data-driven technology platform that offers a full
suite of services and products for digital insurance transactions
and insurance SaaS solutions in China. Learn more at
https://www.chechegroup.com/en.
Cheche Group Inc.:
IR@chechegroup.com
Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185
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SOURCE Cheche Group Inc
