Cheche Technology (CCG, Financial) has announced a significant partnership with Jetour Automobile, a brand that has its roots under the umbrella of Chery Holding Group. This collaboration aims to integrate Cheche's online insurance capabilities into Jetour Auto's services.
Jetour Auto, which began as a project by Chery Holding Group in January 2018, became its own independent entity in 2021. It now conducts its own research and development, procurement, and marketing activities. Chery Holding Group itself is recognized as one of China's top ten automobile manufacturers by sales volume.
Through this partnership, Jetour Auto will leverage Cheche's expertise to enhance its auto insurance offerings, utilizing Cheche's platform for both application and issuance services. This move is expected to streamline Jetour's insurance processes, providing better service to customers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Cheche Group Inc (CCG, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 194.12% from the current price of $1.02. More detailed estimate data can be found on the Cheche Group Inc (CCG) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Cheche Group Inc's (CCG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
