Business
Cheche Group Announces Partnership with NIO Insurance Broker
BEIJING, June 20, 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, 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.\n\nCheche'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. \n\"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.\"\nThis 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.\nCheche 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.\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,\" \"...