Cheche Group and NIO Deepen Partnership to Enhance Insurance Services for New Energy Vehicles

Rhea-AI Summary

Cheche Group (NASDAQ:CCG), China's leading auto insurance technology platform, has announced an enhanced partnership with NIO (NYSE:NIO) to provide refined insurance services for NIO's expanding multi-brand electric vehicle portfolio. The collaboration focuses on optimizing policy issuance, intelligent risk control, and claims management.

NIO reported strong delivery numbers with 31,305 vehicles in August 2025, marking a 55.2% year-over-year increase and setting a new monthly record. The company's year-to-date deliveries reached 166,472 units, with cumulative deliveries exceeding 830,000 vehicles. NIO aims to achieve 50,000 monthly deliveries in Q4 2025, with production targets of 15,000 units each for the ONVO L90 and ES8 models by October and December 2025, respectively.

Positive

• Partnership with major EV manufacturer NIO enhances Cheche's market position in NEV insurance
• NIO's August 2025 deliveries increased 55.2% YoY to 31,305 vehicles
• NIO targets ambitious Q4 monthly delivery goal of 50,000 vehicles
• Potential revenue growth for Cheche from increasing NEV insurance demand

Negative

• None.

News Market Reaction

-4.63% 1.8x vol

11 alerts

-4.63% News Effect

+7.0% Peak Tracked

-12.3% Trough Tracked

-$5M Valuation Impact

$102M Market Cap

1.8x Rel. Volume

On the day this news was published, CCG declined 4.63%, reflecting a moderate negative market reaction. Argus tracked a peak move of +7.0% during that session. Argus tracked a trough of -12.3% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $102M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

BEIJING, Sept. 8, 2025 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced a new phase in its partnership with NIO Inc. (NYSE: NIO) ("NIO"), aimed at delivering refined insurance services across NIO's multi-brand portfolio. The collaboration will focus on optimizing the insurance experience for new energy vehicles, including policy issuance, intelligent risk control, and claims management.

According to NIO's latest delivery data, it delivered 31,305 vehicles in August 2025, representing a 55.2% year-over-year increase and setting a new monthly record. Year-to-date deliveries have reached 166,472 units, with cumulative deliveries surpassing 830,000 vehicles. NIO's multi-brand strategy is gaining scale and momentum.

NIO's founder also revealed production targets for the coming months: the ONVO L90 is expected to reach a monthly capacity of 15,000 units in October 2025, while the newly launched ES8 will ramp up to 15,000 units by December 2025. NIO has set a fourth-quarter monthly delivery goal of 50,000 vehicles.

"As NIO's delivery volume continues to scale, we see a clear opportunity to support the growing demand for insurance solutions tailored to new energy vehicles. This momentum is expected to translate into meaningful growth for Cheche, with deeper synergies between our teams becoming increasingly evident in the fourth quarter," said Lei Zhang, Founder, CEO, and Chairman of Cheche Group.

Safe Harbor Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 101 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

Cheche Group Inc.:

IR@chechegroup.com

Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185

View original content:https://www.prnewswire.com/news-releases/cheche-group-and-nio-deepen-partnership-to-enhance-insurance-services-for-new-energy-vehicles-302549070.html

SOURCE Cheche Group Inc.

FAQ

What is the new partnership between Cheche Group (CCG) and NIO?

Cheche Group and NIO are deepening their partnership to provide enhanced insurance services for NIO's multi-brand portfolio, focusing on policy issuance, intelligent risk control, and claims management for new energy vehicles.

How many vehicles did NIO deliver in August 2025?

NIO delivered 31,305 vehicles in August 2025, representing a 55.2% year-over-year increase and setting a new monthly record.

What are NIO's production targets for late 2025?

NIO targets 15,000 monthly units for the ONVO L90 by October 2025 and 15,000 monthly units for the ES8 by December 2025, with an overall Q4 monthly delivery goal of 50,000 vehicles.

What is NIO's total delivery count as of 2025?

NIO's year-to-date deliveries reached 166,472 units, with cumulative deliveries surpassing 830,000 vehicles.

How will this partnership benefit Cheche Group (CCG)?

According to Cheche's CEO, the partnership is expected to generate meaningful growth for Cheche, with deeper synergies becoming increasingly evident in Q4 as NIO's delivery volume continues to scale.