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CheChe Technology releases Q2 financial report, new energy vehicle insurance premiums double year-on-year

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(Reporter Leng Cuihua) Cheche Technology recently released its unaudited financial performance report for the second quarter of 2024. Data shows that in the second quarter, the net operating revenue of Cheche Technology was 852 million yuan, a year-on-year increase of 2.5%; After adjustment, the net loss was 12.2 million yuan, an improvement of 38.8% year-on-year. In terms of business performance, the total number of policies issued by Cheche Technology in the second quarter reached 4 million, a year-on-year increase of 11.1%; The total premium scale reached 5.6 billion yuan.
The performance of CheChe Technology's new energy vehicle insurance business is quite impressive, with 225000 new energy vehicle policies in the second quarter, a year-on-year increase of 147.3%; The premium of new energy vehicle insurance reached 663 million yuan, a year-on-year increase of 99.6%. The double-digit growth in new energy vehicle insurance policies and premiums is attributed to the development strategy of CarTech and the strategic partnerships established with multiple new energy vehicle companies.
CheChe Technology focuses on the deep integration of "insurance technology+scenarios", comprehensively improving the coverage and efficiency of insurance services through the application of five digital scenarios, helping the high-quality development of the insurance industry, and transforming towards digitization and intelligence. Based on the established development strategy, CheChe Technology continues to consolidate its position in the field of new energy vehicle insurance. In the second quarter, it reached strategic partnerships with multiple car companies, including Volkswagen Anhui, NIO, BAIC Group, and Dongfeng Group. As of now, Cheche Technology has more than 10 automotive partners.
Zhang Lei, CEO of CheChe Technology, stated that the company will continue to deepen digital and intelligent innovation, further consolidate its position in the field of new energy vehicle insurance, continuously optimize its technology platform, and expand strategic partners to provide more outstanding and efficient insurance solutions for car manufacturers and owners.
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