Cheche Announces Roadmap Featuring New Global Digital Initiatives Across Asia-Pacific, Europe, and Latin America

Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced the launch of two forward-looking initiatives intended to fully integrate China’s strengths in smart, connected new energy vehicles (NEVs) and collaborate with partners to navigate the global landscape of next-generation data-driven automotive innovation with AI-Driven Intelligent Insurance Tool and Fintech Solution for Automakers Abroad.

In the first half of 2025, the number of Cheche’s NEV insurance policies exceeded 810,000, representing a year-over-year increase of 135.5%, while total written premiums reached RMB 2.6 billion, up 150.6% from the prior-year period. As one of the Cheche’s fastest-growing and most promising core businesses, the Company continues to strengthen partnerships with NEV makers and expand its insurance operations, with the expectation of serving approximately 30%–40% of China’s NEV market over the next three to five years.

These initiatives are expected to validate and refine China’s mature NEV digital pricing models in global markets, promote alignment in international insurance standards, and empower the ecosystem-wide globalization of China’s automotive industry through multiple collaborative models.

Cheche is collaborating with insurance companies and OEMs to jointly develop an anti-fraud claims system tailored for intelligent driving scenarios. This system analyzes vehicle driving data to enhance the accuracy of determining liability and supports insurers with intelligent claims processing. The Company is positioning itself to be the digital backbone connecting autonomous vehicle platforms, insurance companies, and vehicle owners.

“The launch of these initiatives marks a pivotal moment for our Company and for China’s automotive industry as a whole. By combining our AI-Driven Intelligent Insurance Tool with the Fintech Solution that supports Chinese automakers expanding internationally, we are positioning ourselves to be the digital cornerstone linking global automakers, insurers, and vehicle owners,” said Lei Zhang, Founder, CEO, and Chairman of Cheche Group. 

“Partnering with leading OEMs to innovate new digital solutions will not only improve claims accuracy and efficiency but also set new benchmarks for global insurance innovation. As China’s NEV fleet scales and our international roadmap begins to extend across Asia-Pacific, Europe, and Latin America, we see a tremendous opportunity to redefine how insurance integrates with next-generation mobility, while strengthening our leadership in intelligent insurance and fintech.”

Over the next three to five years, China’s NEV fleet is expected to reach 80-100 million units. Based on an industry-average estimated claim rate of approximately 30%, our claims services will cover around 30 million NEVs. This vast market opportunity is projected to contribute 300-500 million RMB in AI-driven solutions and services, significantly improving the company’s financial and operational structure.

The company has announced plans to expand into international markets in Q4 2025. It has formed partnerships with several automotive brands that are strategically focused on overseas growth, and together they have developed a detailed roadmap covering the Asia-Pacific region, Europe, and Latin America.

This strategic move marks a key milestone in Cheche’s global expansion blueprint and will further strengthen the company’s leadership in data-driven insurance and fintech. It will enable automakers, insurers, and vehicle owners to benefit from more efficient and innovative solutions and also help boost the sales volume of Chinese automakers in overseas markets. The Company expects its overseas business to serve as a key growth engine beginning in 2026.