- Cheche Group (NASDAQ: CCG) partners with Jetour Auto, enhancing their auto insurance tech offerings in China.
- Jetour Auto, under Chery Holding Group, sold over 2.5 million vehicles in 2024.
- Cheche aims to expand into additional Chery brands, strengthening their strategic market position.
Cheche Group Inc. (CCG, Financial), a leading auto insurance technology platform in China, has entered into a strategic partnership with Jetour Auto, an automotive brand under the Chery Holding Group. Jetour Auto, launched in 2018 and operating independently since 2021, is part of one of China’s top ten automobile manufacturers, Chery Holding Group, which sold over 2.5 million vehicles in 2024.
Through this collaboration, Cheche will implement its online insurance solutions to streamline the insurance application and issuance process via a comprehensive digital insurance transaction platform for Jetour Auto. This initiative represents a continuation of Cheche's strategy to deepen its relationships with car manufacturers across China and innovate within the automotive insurance ecosystem.
Cheche's CEO, Lei Zhang, stated, "Our technology aims to offer a seamless, convenient, and personalized experience for Jetour Auto customers. We are excited about the expansion potential this partnership offers within Chery Holding Group's other brands in the near future."
The insurance platform is still being prepared for launch, with future quarters expected to reflect any resultant revenue impact. This strategic move aligns with Cheche's objective to reinforce its competitive position in China's insurance technology sector by leveraging significant customer pools and tapping into the broader automotive market opportunities.
