BEIJING, Oct. 2, 2023
/PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the
"Company"), China's leading auto
insurance technology platform, today announced its growing
partnership with Xpeng, Inc. (NYSE:
XPEV) ("Xpeng"), a leading Chinese smart electric vehicle
("EV") company, as Cheche continues to broaden its partner network
with leaders in the EV industry.
Since Xpeng began the rollout of its latest SUV, the G6, in
July, it has seen robust sales growth with August's G6 deliveries
exceeding 7,000 units (an approximately 80% month-over-month
increase from July). In total, Xpeng delivered 13,690 smart EVs in
August, an approximately 43% year-over-year increase from
August 2022.
As Xpeng's insurance services provider in ten cities, Cheche
offers a sophisticated insurance service platform that includes
SaaS systems, API management of insurers, digital operations,
value-added product innovations and a nationwide service network.
The EV owners can access a broad range of digital insurance options
that include new policies, one-click renewals, and other
value-added services. Underscoring the success of this
relationship, Xpeng recognized Cheche with the Innovation Award for
Better User Experience for its comprehensive, convenient, and
premium services.
"The simplicity and convenience afforded to EV owners through
our manufacturer collaborations enable seamless consumer access to
a wide range of insurance products and services that is
establishing baseline expectations within the industry," said Lei
Zhang, Founder, CEO and Chairman of Cheche. "The brand recognition
and underlying growth opportunities in this channel are
substantial, and we look forward to capitalizing on our ongoing
relationship with Xpeng."
The deep, strategic partnership has established a new growth
model for Xpeng and integrated opportunities for Cheche's digital
insurance services. It has also demonstrated the potential for
future digital insurance services and laid the groundwork for
ongoing innovation and geographical expansion.
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.
Forward-Looking 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 projections, estimates, 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. 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.
