Cheche Group Partners with FAW Bestune to Launch Industry-First Fully Digital One-Stop Vehicle Delivery Service
Rhea-AI Summary
Cheche Group (NASDAQ: CCG) announced a partnership with FAW Bestune and Jilin Dingjia to integrate Cheche's insurance solutions with the official 12123 traffic management platform on Dec. 4, 2025. The integration lets new car buyers complete online insurance purchases and temporary license plate applications via the government portal, and connects FAW Bestune's embedded services to create a single digital workflow for vehicle purchase, insurance issuance, and temporary plate registration. The service is in pilot cities now, with nationwide expansion planned once infrastructure and regulatory conditions permit.
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News Market Reaction
On the day this news was published, CCG gained 0.44%, reflecting a mild positive market reaction. This price movement added approximately $363K to the company's valuation, bringing the market cap to $83M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Sector peers showed mixed moves, from -6.33% (SOGP) to +6.25% (BZFD), and momentum names like ASST (+4.96%) and NAMI (-15.75%) moved in opposite directions, suggesting stock-specific rather than sector-driven factors for CCG.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | FAW Bestune partnership | Positive | +0.4% | Integrated insurance and plate services via 12123 government platform. |
| Sep 19 | Nasdaq compliance | Positive | +1.4% | Regained compliance with Nasdaq minimum bid price requirement. |
| Sep 17 | Volkswagen Anhui deal | Positive | -0.7% | Expanded partnership for end-to-end NEV risk management. |
| Sep 08 | NIO partnership | Positive | -4.6% | Enhanced insurance services for NIO’s growing EV portfolio. |
| Aug 28 | Global roadmap & results | Positive | -5.1% | Strong NEV insurance growth and global digital initiatives. |
Recent positive corporate and partnership news has often seen mixed-to-negative next-day price reactions, with several partnership announcements coinciding with share price declines.
Over the past six months, Cheche reported multiple strategic milestones. A Nasdaq compliance update on Sep 19, 2025 saw a modest +1.36% move. Partnership news with Volkswagen Anhui (Sep 17, 2025) and NIO (Sep 8, 2025) delivered comprehensive NEV-focused insurance solutions but coincided with -0.67% and -4.63% moves, respectively. An H1 2025 roadmap and strong NEV metrics on Aug 28, 2025 aligned with a -5.1% reaction. Today’s FAW Bestune digital delivery partnership continues the theme of deepening OEM integrations.
Market Pulse Summary
This announcement highlights Cheche’s integration with FAW Bestune and China’s official 12123 traffic management platform, creating a fully digital workflow from vehicle purchase to insurance and temporary plates. It extends a series of OEM partnerships that embed Cheche’s insurance infrastructure across China’s auto ecosystem. Investors may monitor how pilot-city operations scale nationwide and how this complements previously reported NEV policy growth and global digital initiatives.
AI-generated analysis. Not financial advice.
Through this collaboration, Cheche's insurance solutions are now integrated with the official 12123 traffic management platform, enabling car owners to purchase new car insurance and apply for temporary license plates online. The 12123 platform serves as
In addition, Cheche's embedded services for FAW Bestune are now connected to the 12123 platform, creating a seamless digital workflow for vehicle purchase, insurance issuance, and temporary plate registration — significantly improving the efficiency of digital vehicle delivery.
"Integrating the 12123 platform into our embedded services for FAW Bestune marks another step forward in our mission to provide automaker partners and their customers with seamless, high-quality insurance solutions," said Mr. Lei Zhang, Founder, CEO and Chairman of Cheche.
"By enabling online insurance purchases and license plate applications, we are enhancing the user experience while helping partners deliver vehicles more efficiently. Looking ahead, we plan to extend this capability to other auto manufacturer partners, further strengthening Cheche's role as a trusted enabler of the ecosystem."
The service is currently operating smoothly in pilot cities, with nationwide expansion planned as soon as infrastructure and regulatory conditions are fully aligned.
About Cheche Group Inc.
Established in 2014 and headquartered in
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
Cheche Group Inc.:
Crocker Coulson
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View original content:https://www.prnewswire.com/news-releases/cheche-group-partners-with-faw-bestune-to-launch-industry-first-fully-digital-one-stop-vehicle-delivery-service-302632865.html
SOURCE Cheche Group Inc.
FAQ
What does Cheche's integration with the 12123 platform mean for CCG shareholders?
Which FAW entity partnered with Cheche on Dec. 4, 2025 for the digital delivery service (CCG)?
Where is Cheche's 12123-linked service operating and when will it expand nationwide?
How does the 12123 platform improve the vehicle delivery process for FAW Bestune and Cheche (CCG)?
Will Cheche extend the 12123 integration to other automaker partners (CCG)?
Does the announcement include financial guidance or revenue figures for Cheche (CCG)?
