Business
Cheche Group Announces Latest Progress with BAIC Group's NEV Brand ARCFOX
BEIJING, Aug. 19, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today
About this update from Cheche Group Inc.
[{"type":"text","content":"BEIJING, Aug. 19, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) (\"Cheche\" or the \"Company\"), China's leading auto insurance technology platform, today announced an update on its partnership with ARCFOX, a new energy vehicle (\"NEV\") brand within the Beijing Automotive Group Co., Ltd. (\"BAIC Group\"), made possible by the previously announced agreement with Beijing Anpeng Insurance Broker Co., Ltd. (\"Beijing Anpeng\").\n\nSince entering into the partnership, Cheche has successfully launched a full-service insurance platform for ARCFOX that provides its car owners a comprehensive insurance application system. Cheche is also working with Beijing Anpeng to expand the current offerings by selling ancillary insurance products, such as guaranteed auto protection and extended warranty insurance, through the platform. \n\"Leveraging the consumer touchpoints made possible through the insurance platform will enable Cheche to provide a broad spectrum of solutions,\" said Lei Zhang, Founder, CEO, and Chairman of Cheche. \"The convenience and practicality of the products available through this initiative will enhance the customer experience while improving our bottom line.\"\nThe collaboration with ARCFOX allows Cheche to gradually introduce high-margin insurance products while continuing to grow its NEV insurance presence, thereby diversifying Cheche's revenue mix and boosting the Company's reputation among automotive enterprises.\nSafe Harbor Statements\nThis 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 advan...