Welcome to our dedicated page for CHECHE GROUP news (Ticker: CCG), a resource for investors and traders seeking the latest updates and insights on CHECHE GROUP stock.
Cheche Group Inc (CCG) is a leading Chinese insurtech innovator transforming auto and new energy vehicle (NEV) insurance through its advanced digital platform. This page serves as the definitive source for official company announcements, strategic developments, and market-moving updates.
Investors and industry professionals will find timely updates on CCG's technology innovations, partnerships with automotive leaders like Volkswagen and NIO, and operational milestones. Our curated collection includes earnings reports, product launches, regulatory filings, and analyses of emerging trends in digital insurance solutions.
Key areas of coverage include AI-driven pricing models, SaaS platform enhancements for insurance intermediaries, and expansion within China's growing NEV market. Bookmark this page to stay informed about Cheche Group's role in reshaping insurance transactions through data analytics and strategic collaborations.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has announced a strategic partnership with Jetour Auto, an automotive brand under Chery Holding Group. The collaboration involves implementing Cheche's online insurance solutions for auto insurance application and issuance services through a comprehensive digital insurance transaction platform.
Jetour Auto, launched in 2018 and operating independently since 2021, is part of Chery Holding Group, which ranks among China's top ten automobile manufacturers with over 2.5 million vehicles sold in 2024. The partnership represents Cheche's continued expansion in deepening relationships with automobile manufacturers across China.
Lei Zhang, Founder, CEO, and Chairman of Cheche, emphasized the partnership's significance in innovating the automotive insurance ecosystem and highlighted potential expansion opportunities with other Chery Holding Group brands.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, reported its Q4 and FY2024 financial results. Q4 net revenues increased 13.4% YoY to RMB983.6M (US$134.8M), while FY2024 revenues grew 5.2% to RMB3.5B (US$475.8M).
The company significantly reduced losses, with Q4 operating loss decreasing 93.7% YoY to RMB3.0M and FY2024 operating loss dropping 60.3% to RMB66.5M. Total written premiums for Q4 rose 15.6% to RMB7.4B, with total policies issued increasing from 4.8M to 5.1M.
Notably, partnerships with New Energy Vehicle (NEV) companies showed remarkable growth, with embedded policies increasing 184.5% and written premiums growing 171.1% YoY in Q4. The company expanded partnerships with major automotive groups including Sinopec, Xiaomi, Volkswagen Anhui, NIO, BAIC Group, and Dongfeng Motor Group.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has scheduled its fourth quarter and full year 2024 earnings conference call for Friday, March 28, 2025, at 8:00 a.m. EST. The company will release its earnings report and investor presentation materials before the call, which will be accessible in the 'Quarterly Results' section of their investor relations website.
The conference call will be available through multiple dial-in numbers, including toll-free and international options for participants from various regions. The webcast replay will remain accessible for one year following the event.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department on March 10, 2025, following a period where its Class A ordinary shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from February 24 to March 7, 2025.
This development resolves the previous non-compliance notification received on November 15, 2024, when CCG's share price had fallen below the $1.00 threshold for 30 consecutive business days. The company had been given a 180-day compliance period to meet the minimum bid requirement, which has now been successfully achieved ahead of the deadline.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has achieved recognition for its Tianmu Insurance Anti-Fraud and Risk Control Model in the Top 100 AI Products of 2024 list. The list was compiled by Internet Weekly, eNET Research Institute, and Deben Consulting.
The Tianmu Model combines big data, artificial intelligence, and biometrics to create an intelligent anti-fraud system. It features an AI-based image recognition system that analyzes extensive image datasets to verify validity, authenticity, and uniqueness, helping prevent issues like duplicate claims. The model adapts to regional market characteristics and provides tailored risk management solutions for local insurers.
According to Lei Zhang, Founder, CEO, and Chairman of Cheche, this recognition demonstrates their commitment to revolutionizing the Insurtech landscape through digital and intelligent innovation. The model's practical application helps identify potential insurance fraud risks, supporting both automakers and insurers in reducing operational risks and enhancing competitiveness.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, announced that its wholly owned subsidiary, Cheche Technology Inc., has been recognized by KPMG China as one of the top 50 leading fintech companies in China. The announcement was made during the '2024 KPMG List of China Fintech Top 50 Release and Award Ceremony' held on January 10, 2025, in Shanghai. The event, hosted by KPMG China and the FinTech Branch of Shanghai University of Finance and Economics Alumni Association, brought together over a hundred industry experts and senior executives.
Mr. Lei Zhang, Founder, CEO, and Chairman of Cheche, highlighted the company's pioneering role in digital insurance transformation. Utilizing advanced technologies and comprehensive data, Cheche offers a variety of digital insurance solutions. These include a digital insurance transaction platform, a new energy vehicle (NEV) insurance solution platform, a SaaS system for insurance intermediaries, and an Intelligent AI Decision-Making System.
Cheche Group (NASDAQ: CCG) reported its Q3 2024 financial results, achieving net income profitability for the first time. Net revenues increased 3.3% year-over-year to RMB850.5 million (US$121.2 million), while net income reached RMB4.1 million compared to a net loss of RMB55.4 million in the prior-year quarter. Total written premiums grew 4.0% to RMB5.9 billion, with policies issued increasing 5.0% to 4.2 million. The company's partnerships with NEV companies showed significant growth, with embedded policies increasing 149.6% and corresponding written premiums rising 121.6% year-over-year. Cheche maintains its full-year 2024 outlook with expected net revenues between RMB3.5-3.7 billion.
Cheche Group (NASDAQ: CCG) has received a notification from Nasdaq on November 15, 2024, indicating non-compliance with the minimum bid price requirement, as its Class A ordinary shares have traded below $1.00 for 30 consecutive business days. The company has until May 14, 2025 to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. If unsuccessful, Cheche may be eligible for an additional 180-day compliance period. The notification does not affect current listing status, business operations, or SEC reporting requirements.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has scheduled its third quarter 2024 earnings conference call for Tuesday, November 26, 2024, at 8:00 a.m. EST. The earnings release and investor deck will be available on the company's investor relations website before the call. The company will provide a webcast replay accessible for one year.
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has announced its third quarter 2024 earnings conference call scheduled for Tuesday, November 26, 2024, at 8:00 a.m. EST. The company will release earnings reports and investor materials prior to the call, accessible in the 'Quarterly Results' section of their investor relations website.
The conference call will be available via multiple dial-in numbers, including toll-free and international options for various regions. A correction was made to the mainland China toll-free number, which is 4001-201203. The webcast replay will be available for one year following the call.
