NEV Market and Insurance Growth - Global NEV sales reached 9.1 million units in the first half of 2025, with China contributing approximately 6.9 million units, representing a 75% share[14] - China's NEV penetration rate in new car sales reached 44% in the first half of 2025[14] - In the first half of 2025, auto insurance premiums in China amounted to RMB 450 billion, with a growth rate of 4.5%[16] - NEV insurance premiums in China surpassed RMB 66 billion in the first half of 2025, growing at 41%[16] Cheche Group's Performance and Partnerships - Cheche has partnerships with 15 NEV manufacturers as of June 30, 2025[7] - Cumulative written premiums placed from 2021 to H1 2025 exceeded $11 Billion[9] - NEV partnerships led to 810,000 policies with a written premium of RMB 2.6 billion (US$ 361.3 million) in the first half of 2025[23] - The growth rates for NEV embedded policies and gross premiums were 135.5% and 150.6%, respectively, compared to the prior-year period[23] Financial Summary for H1 2025 - Net revenues were RMB 1,348.7 million (USD 188.3 million)[26] - Gross profit was RMB 65.8 million (USD 9.2 million)[26] - Net loss was RMB 25.6 million (USD 3.6 million)[26] - Adjusted net loss was RMB 10.5 million (USD 1.5 million)[26]
Cheche(CCG) - 2025 H1 - Earnings Call Presentation