On January 31st, Cheche Technology released its unaudited performance report for the third quarter of 2023. According to the financial report, in the third quarter of 2023, Cheche Technology Company's net income was 823 million yuan, a year-on-year increase of 10.5%. As of the first nine months of 2023, the net income increased by 27.7% compared to the same period last year to 2.4 billion yuan. At the same time, the company has established digital insurance strategic cooperation with 10 new energy vehicle companies, with a new energy vehicle premium scale of 399 million yuan in the third quarter.
CheChe Technology is an insurance technology company engaged in digital insurance trading services. The company continues to make efforts in technology research and development, system operation, insurance product supply chain contract expansion, and online and offline multi scenario partners, achieving steady growth. Its insurance digital business covers digital insurance transactions, insurance intermediary SaaS systems, AI intelligent pricing and anti fraud assistance system models, new energy vehicle insurance service platforms, and other products, building a comprehensive advantage in the insurance industry digital transaction infrastructure.
As of the end of the third quarter of 2023, Cheche Technology has established digital insurance service strategic relationships with 10 new energy vehicle companies, providing insurance services directly to car buyers through the embedded insurance trading system of the car company system. In the third quarter alone, the policy transaction volume reached 117000, a year-on-year increase of 500%, and the premium scale reached 399 million yuan.
Zhang Lei, CEO of Automotive Technology, stated that he will continue to invest in optimizing and upgrading insurance solutions for automotive companies, gain a deeper understanding of the technology stack of insurance companies, new energy vehicle companies, and intermediaries, and solve the insurance challenges for automotive companies and users. With the rapid popularization of new energy vehicles, we will utilize technological accumulation, system research and development capabilities, and real-time dynamic data analysis to develop more intelligent pricing solutions based on user needs.