BEIJING, Aug. 15,
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 partnership
with Wuhan Dongfeng Insurance Broker Co., Ltd. ("Dongfeng
Insurance"), as Cheche further diversifies its partner network with
leaders in the new energy vehicle ("NEV") industry.
Dongfeng Insurance handles the insurance business for all brands
affiliated with Dongfeng Motor Group Company Limited ("Dongfeng
Motor Group"), an automotive company with a 49.5% ownership stake
in Dongfeng Insurance. One of the "Big Four" state-owned car
manufacturers in China, Dongfeng
Motor Group develops and brings brands to market like Fengdu,
Aeolus, Forthing, VOYAH, M Hero, and NAMMI, while also marketing
foreign-branded vehicles, such as Dongfeng
Honda, Dongfeng Nissan and
Dongfeng Peugeot-Citroën, through joint ventures.
Cheche's initial brand launch is with VOYAH, a luxury NEV brand
in the Dongfeng Motor Group that recently engaged Cheche to provide
national licensing and other comprehensive insurance services
across China, including more than
900 VOYAH delivery stores.
"The Dongfeng Insurance partnership is another celebrated
milestone for Cheche that further establishes our position as the
leading intelligent insurance platform for NEVs in China," said Lei Zhang, Founder, CEO, and
Chairman of Cheche. "The strategic partnership designates Cheche as
an approved provider for Dongfeng Motor Group's NEV brands,
creating significant opportunities nationwide as China's NEV adoption rate remains strong.
"Looking ahead, we will leverage our technology and vast suite
of services to strengthen the relationship with Dongfeng Insurance
and seek to provide digital insurance solutions for additional
Dongfeng Motor Group's brands as Cheche continues to prioritize
business opportunities with both NEV and traditional auto
manufacturers."
The strategic partnership with Dongfeng Insurance enables Cheche
to administer comprehensive insurance services and create value for
our partners.
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
108 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.
