HomeCar InsuranceAuto InsurTech company links up with Xiaomi's insurance broking arm

Auto InsurTech company links up with Xiaomi’s insurance broking arm

Nasdaq-listed Cheche Group, China’s leading motor insurance technology platform, has entered into a partnership with Beijing Houji Insurance Brokerage Co, an affiliate of Xiaomi Corporation (Xiaomi Group), as Cheche continues to broaden its partner network with leaders in the new-energy vehicle (NEV) industry.

As an insurance service partner of Beijing Houji, Cheche offers a digital auto insurance transaction SaaS service platform with operational support.

Cheche will provide auto insurance service solutions to car owners in multiple cities across the country, including Beijing, Shenzhen, Hangzhou and others. In the future, these car owners will be able to efficiently complete insurance transactions and secure related services through Xiaomi EV’s application.

NEVs and smart vehicles continue to transform the automotive industry, creating the need for new business models and service networks. Insurance, as a financial product that spans the lifecycle of vehicle ownership, has become an important gateway to aftermarket services, ushering in new opportunities for innovation,” Cheche founder, co-CEO and chairman Zhang Lei said. “We look forward to growing our footprint through this exciting collaboration with Xiaomi Group as we take insurance solutions deeper into the technology stack and consumer experience.”

Established in 2014 and headquartered in Beijing, Cheche has a nationwide network of around 110 branches licensed to distribute insurance policies across 25 provinces, autonomous regions and municipalities. 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.

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