Cheche Group Inc. filed an 8-K press release on November 9, 2026, announcing that it has signed a strategic cooperation agreement with CAR Inc., one of China's largest car rental and mobility services providers, to explore integrated services across the vehicle usage lifecycle.

Key Highlights

  • Agreement signed in Beijing: Cheche Group and CAR Inc. executed a strategic cooperation agreement focused on combining insurance technology, mobility, and automotive aftermarket capabilities.
  • Three focus areas: The agreement covers mobility services, product and service innovation, and channel and network collaboration, according to the filing.
  • Cheche's scale: The company reported business relationships with nearly 20 automakers and connections with more than 100 insurance companies.
  • CAR Inc.'s scale: CAR Inc. operates in more than 360 cities, has more than 6,500 company-operated locations, and maintains a fleet of more than 220,000 vehicles with 19 years of experience in mobility.
  • Cheche's network: The company disclosed a nationwide network of around 101 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China.

Cheche Group and CAR Inc. Outline Three-Part Cooperation Framework

Cheche Group Inc. (NASDAQ:CCG), described in the filing as China's leading auto insurance technology platform, announced the strategic cooperation agreement on November 9, 2026. According to the filing, the two companies intend to combine their capabilities to explore offering customers "integrated services across the vehicle usage lifecycle, centered on scenarios that link car rental, auto insurance, and aftermarket services."

The filing outlines three specific areas of cooperation. The first, mobility services, involves exploring how rental benefits and replacement-vehicle services can connect with auto finance, insurance, new vehicle sales, and after-sales service. The second area, product and service innovation, focuses on jointly developing mobility service products that combine insurance coverage with mobility services. The third area, channel and network collaboration, aims to combine CAR Inc.'s nationwide service network and fleet with Cheche's channels across the insurance industry, automakers, and aftermarket services, with a goal of exploring delivery models that integrate online and offline.

The filing states that Cheche's technology centers on its intelligent connected vehicle insurance platform, including embedded insurance SaaS, AI-based pricing, and digital claims. Lei Zhang, Founder, CEO and Chairman of Cheche Group, was quoted in the filing stating that combining the two companies' capabilities would make "insurance coverage, mobility benefits, and aftermarket services become part of how customers actually use their vehicles." Dewu Gao, Chief Executive Officer of CAR Inc., was quoted describing the agreement as "another significant milestone" for the company's "Car Life" ecosystem. The filing notes that all forward-looking statements are the company's own and are subject to its cautionary safe harbor language.

What Was Disclosed

Cheche Group disclosed a strategic cooperation agreement with CAR Inc. covering three collaboration areas: mobility services, product and service innovation, and channel and network cooperation, with the stated aim of integrating insurance and mobility offerings across the vehicle usage lifecycle.