The latest news from Cheche Group in China;
Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that it has signed a strategic cooperation agreement in Beijing with CAR Inc., also known as “神州租车”, one of China’s largest car rental and mobility services providers. The two companies intend to combine their capabilities in insurance technology, mobility, and the automotive aftermarket to explore offering customers integrated services across the vehicle usage lifecycle, centered on scenarios that link car rental, auto insurance, and aftermarket services.
The agreement extends Cheche’s work across auto insurance service scenarios and the broader automotive ecosystem and will focus on three areas:
- Mobility services: exploring how rental benefits and replacement-vehicle services can connect with auto finance, insurance, new vehicle sales, and after-sales service.
- Product and service innovation: jointly developing mobility service products, including solutions that combine insurance coverage with mobility services.
- Channel and network collaboration: combining CAR Inc.’s nationwide service network and large fleet with Cheche’s channels across the insurance industry, automakers, and aftermarket services, to explore delivery models that integrate online and offline.
Cheche’s technology and services center on its intelligent connected vehicle insurance platform, including embedded insurance SaaS, AI-based pricing, and digital claims. The Company has business relationships with nearly 20 automakers and connects with more than 100 insurance companies. CAR Inc. has 19 years of experience in mobility, with operations in more than 360 cities, more than 6,500 company-operated locations, and a fleet of more than 220,000 vehicles.
“CAR Inc. brings scale and fleet operations we don’t have; we bring insurance and automotive-technology experience they don’t have. Put together, insurance coverage, mobility benefits, and aftermarket services become part of how customers actually use their vehicles – not separate products bolted on afterward,” said Lei Zhang, Founder, CEO and Chairman of Cheche Group.
“Since the launch of our ‘Car Life’ ecosystem, this agreement marks another significant milestone, further expanding its capabilities and extending its reach,” said Dewu Gao, Chief Executive Officer of CAR Inc. “Cheche’s expertise in insurance and automotive technology complements the scale of our fleet and the strength of our network, creating new opportunities to enhance the value and breadth of our ecosystem.”
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