Cheche Group (CCG) has released an update.
Cheche Group Inc., a leader in China’s auto insurance tech, reported a slight 1.0% revenue increase and a notable 28.8% decrease in net loss year-over-year for Q1 2024. The company also experienced significant growth in its partnerships with New Energy Vehicle manufacturers, resulting in a 124.5% increase in policies and 78.5% increase in premiums compared to the previous year. Cheche’s strategic collaborations and investments in technology are expected to boost market share and influence within the auto insurance sector.
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