Cheche Group Inc. announced a successful, ongoing collaboration with Li Auto as Cheche continues to broaden its partner network with leaders in the new energy vehicle industry. Li Auto, one of the leading NEV manufacturers in China, announced sales of more than 34,000 new vehicles in August 2023, a more than 660% increase in production volume compared to the same timeframe last year. Through strategic cooperation and innovative technology solutions, Cheche facilitated the digital insurance transactions and related services for over 60% of Li Auto's new vehicles during the period, illustrating the robust insurance capabilities Cheche offers to NEV brands.

At the time of Li Auto's announcement, Cheche had cumulatively served over 150,000 vehicles produced by Li Auto. The number of Li Auto owners who will use these embedded digital insurance services is expected to reach 300,000 by the end of this year.