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Car Technology's issuance of new energy vehicle insurance policies increased by 124.5% in the first quarter

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On May 30th, Car Technology (CCG), listed on NASDAQ in the United States, released its unaudited financial performance report for the first quarter of 2024. In the first quarter, we achieved a net operating income of 787 million yuan (RMB) and an adjusted net loss of 12.2 million yuan. The total number of policies issued by agents in the first quarter was 4 million, a year-on-year increase of 21.2%; The corresponding total premium scale is 5.4 billion yuan, a year-on-year increase of 9.2%.
According to the financial report, in the first quarter, the cooperation between CheCheChe Technology and new energy vehicles resulted in 119000 insurance policies, a year-on-year increase of 124.5%; The corresponding premium for new energy vehicle insurance was 370 million yuan, a year-on-year increase of 78.5%. It is reported that Cheche Technology has established strategic cooperation relationships with multiple new energy vehicle companies.
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