Dongfeng Motor: Cheche Group Announces Strategic Partnership with Dongfeng Motor Group's Insurance Provider

BEIJING, Aug. 15, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a partnership with Wuhan Dongfeng Insurance Broker Co., Ltd. ("Dongfeng Insurance"), as Cheche further diversifies its partner network with leaders in the new energy vehicle ("NEV") industry.Dongfeng Insurance handles the insurance business for all brands affiliated with Dongfeng Motor Group Company Limited ("Dongfeng Motor Group"), an automotive company with a 49.5% ownership stake in Dongfeng Insurance. One of the "Big Four" state-owned car manufacturers in China, Dongfeng Motor Group develops and brings brands to market like Fengdu, Aeolus, Forthing, VOYAH, M Hero, and NAMMI, while also marketing foreign-branded vehicles, such as Dongfeng Honda, Dongfeng Nissan and Dongfeng Peugeot-Citroën, through joint ventures.Cheche's initial brand launch is with VOYAH, a luxury NEV brand in the Dongfeng Motor Group that recently engaged Cheche to provide national licensing and other comprehensive insurance services across China, including more than 900 VOYAH delivery stores."The Dongfeng Insurance partnership is another celebrated milestone for Cheche that further establishes our position as the leading intelligent insurance platform for NEVs in China," said Lei Zhang, Founder, CEO, and Chairman of Cheche. "The strategic partnership designates Cheche as ...Full story available on Benzinga.com