BEIJING, June 27,
2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG)
("Cheche" or the "Company"), China's leading auto insurance technology
platform, today announced that it has entered into a strategic
partnership with Beijing Anpeng Insurance Broker Co., Ltd.
("Beijing Anpeng"), as Cheche continues to deepen its
collaborations with new energy vehicle ("NEV") manufacturers in
China.
Beijing Anpeng is a subsidiary of Beijing Automotive Group Co.,
Ltd. ("BAIC Group") and specifically handles the insurance business
of BAIC Group's car brands. BAIC Group is one of the largest auto
manufacturers in China, producing
and selling vehicles through its own brands as well as
foreign-branded joint-ventures. These brands include ARCFOX,
Beijing Automotive, Beijing Hyundai, Beijing Benz and Beijing
Off-road, among others. The partnership names Cheche as the core
partner of BAIC Group to provide digital insurance solutions for
its various brands.
"Cheche's new partnership with BAIC Group is particularly
noteworthy given BAIC Group's composition, which includes both NEV
and traditional vehicles under its umbrella. The strength of our
reputation in the NEV space has been rewarded with a blended
customer base," said Lei Zhang, Founder, CEO, and Chairman of
Cheche. "In the future, the Company is going to attach great
importance to insurance business opportunities with both
traditional and NEV manufacturers.
"Cheche plans to further extend its reach by diversifying its
opportunity set with opportunities such as contracts management
services, insurance operation services, insurance products design,
and others, in addition to system agreements."
The BAIC Group opportunity is already off to a strong start with
ARCFOX's service system being launched as a direct-sales channel,
the system for Beijing Automotive, expected to cover 200 dealerships by the end of the
year, is in the process of being rolled out, and Beijing Hyundai's
planned service system is expected to cover 100
dealerships at year end.
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
View original
content:https://www.prnewswire.com/news-releases/cheche-group-announces-strategic-partnership-with-baic-groups-insurance-provider-302183436.html
SOURCE Cheche Group Inc.