Core Insights - Cheche Group Inc. has launched two initiatives aimed at integrating China's strengths in smart, connected new energy vehicles (NEVs) and enhancing global automotive innovation through AI-driven insurance tools and fintech solutions for automakers abroad [1][5]. Group 1: Business Performance - In the first half of 2025, Cheche's NEV insurance policies surpassed 810,000, marking a year-over-year increase of 135.5%, while total written premiums reached RMB 2.6 billion, up 150.6% from the previous year [2]. - The company aims to serve approximately 30%–40% of China's NEV market over the next three to five years, indicating strong growth potential in this sector [2]. Group 2: Strategic Initiatives - The new initiatives are expected to validate China's NEV digital pricing models in global markets and promote alignment in international insurance standards [3]. - Cheche is developing an anti-fraud claims system in collaboration with insurance companies and OEMs, which will enhance liability determination and support intelligent claims processing [4]. Group 3: Market Expansion - Cheche plans to expand into international markets in Q4 2025, focusing on partnerships with automotive brands targeting overseas growth, particularly in the Asia-Pacific region, Europe, and Latin America [7]. - The company anticipates that its overseas business will become a key growth engine starting in 2026, benefiting automakers, insurers, and vehicle owners with innovative solutions [7]. Group 4: Future Projections - China's NEV fleet is projected to reach 80-100 million units over the next three to five years, with an estimated claim rate of approximately 30%, leading to coverage of around 30 million NEVs [6]. - This market opportunity is expected to contribute RMB 300-500 million in AI-driven solutions and services, enhancing the company's financial and operational structure [6].
Cheche Announces Roadmap Featuring New Global Digital Initiatives Across Asia-Pacific, Europe, and Latin America