BEIJING, March 5,
2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG)
("Cheche" or the "Company"), China's leading auto insurance technology
platform, has expanded its partnership with Sinopec Easy Joy Sales
Co., Ltd ("Sinopec Easy Joy"), a subsidiary of China Petroleum
& Chemical Corporation ("Sinopec"), to provide embedded auto
insurance services in over 5,000 of Sinopec's gas stations
nationwide.
Sinopec Easy Joy operates Sinopec's non-oil businesses, with a
nationwide retail footprint that includes over 30,000 gas stations,
28,000 convenience stores, and 10,000 auto care centers. This makes
Sinopec the largest directly managed convenience store chain and
the largest self-owned car wash service platform in China, and the second-largest gas station
network in the world. Sinopec is fully committed to building a
comprehensive "people-car-life" service ecosystem and currently
serves more than 250 million registered users.
Under the partnership, Sinopec Easy Joy will leverage Cheche's
digital infrastructure and rich experience in scenario-based auto
insurance services to empower service station personnel to deliver
and enhance value-added services, including auto insurance
issuance, renewals, and other related products.
Currently, Cheche has embedded the insurance segment into the
unified digital platform of Sinopec Easy Joy and has deployed
services in over 5,000 gas stations in Jiangsu, Hubei, Yunnan, and several other provinces in
China. Through the combination of
"insurance, customer benefits, and service packages," the
capability of auto insurance sales in gas stations has been
enhanced.
"We are thrilled to expand the scope of our cooperation with
Sinopec and help them execute their visionary 'physical service +
digital platform' strategy," said Lei Zhang, Founder, CEO and
Chairman of Cheche. "With our industry-leading insurance
digitization capabilities, combined with Sinopec's scale and
customer reach, Cheche Group provides not only auto insurance
renewal experience but also offers services and products such as
car wash coupons and convenient store products in a hassle-free and
seamless way."
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 24
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.
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 be materially
different 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.
Cheche Group Inc.:
IR@chechegroup.com
Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185
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SOURCE Cheche Group Inc.
