Cheche Group's NEV Insurance Policies Surpass 810,000, Written Premiums Reach RMB 2.6 Billion.

Cheche Group Inc., a leading auto insurance technology platform in China, has launched two initiatives to integrate the country's strengths in smart, connected new energy vehicles (NEVs). The company's NEV insurance policies exceeded 810,000 in the first half of 2025, a 135.5% YoY increase, and total written premiums reached RMB 2.6 billion, up 150.6% YoY. Cheche aims to serve approximately 30%-40% of China's NEV market.

Cheche Group Inc. (NASDAQ: CCG), a leading auto insurance technology platform in China, has reported significant growth in its New Energy Vehicle (NEV) insurance policies and launched two strategic initiatives to expand internationally. The company's NEV insurance policies exceeded 810,000 in the first half of 2025, representing a 135.5% year-over-year (YoY) increase. Total written premiums reached RMB 2.6 billion, up 150.6% YoY. Cheche aims to capture approximately 30%-40% of China's NEV market.

Cheche's strong performance is driven by its partnerships with NEV manufacturers. The company has formed 15 partnerships in the first half of 2025, leading to 810,000 policies and RMB 2.6 billion in premiums. This growth is attributed to the rapid adoption of NEV vehicles and the company's innovative insurance solutions.

To capitalize on the global growth potential of the NEV market, Cheche has launched two new initiatives: the AI-Driven Intelligent Insurance Tool and the Fintech Solution for Automakers Abroad. These initiatives aim to leverage Cheche's expertise in AI and smart vehicles to support the international expansion of NEV insurance solutions. The company plans to test and refine its advanced NEV pricing models across international markets, while promoting greater consistency in global insurance practices.

Cheche's management is optimistic about the company's prospects. Lei Zhang, Founder, CEO, and Chairman of Cheche Group, stated, "We delivered substantial bottom-line improvement on both an actual and adjusted basis, reflecting the continued optimization of our revenue structure, disciplined cost control, and expense reductions across all three major categories. The rapid adoption of new energy vehicles and the ongoing transformation of the mobility sector present a long runway of opportunity."

Cheche is revising its net revenue guidance for the full year 2025 to an approximate range of RMB 3.0 billion to RMB 3.3 billion, reflecting recent changes in its business structure. The company expects total written premiums to range from RMB 25.5 billion to RMB 27.0 billion, with NEV written premiums ranging from RMB 7.0 billion to RMB 8.0 billion. Cheche also anticipates shifting from a loss to a profit in its adjusted operating results.

Cheche Group Inc. is well-positioned to capitalize on the growing NEV market and expand its influence globally through its innovative insurance solutions and strategic partnerships.

References:
[1] https://www.marketscreener.com/news/cheche-group-reports-first-half-2025-unaudited-financial-results-ce7c50dfdf8dfe20