Cheche Group Receives Nasdaq Compliance Notification
Cheche Group announced that it received a notification letter, dated January 12, from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550 of the Nasdaq Listing Rules as the Company's closing bid price per Class A ordinary share, par value $0.00001 per share, has been below $1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company's securities. The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company's securities on Nasdaq. Pursuant to Rule 5810 of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until July 13, to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Class A ordinary share is at least US$1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.
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Cheche Group Partners with Volkswagen for Digital Insurance Services
- Strategic Partnership Signing: Cheche Group, Volkswagen Digital Sales and Services, and Cardif Airstar Insurance signed a strategic cooperation agreement on January 29, 2026, aiming to jointly develop digital insurance services for electric vehicle owners, enhancing user experience and expanding market reach.
- Intelligent Pricing System: Cheche has established an industry-leading dynamic data loop system that integrates driving behavior and road condition data to create unique risk profiles for each Volkswagen owner, enabling precise pricing and promoting product differentiation in insurance offerings.
- Full Lifecycle Services: The partnership will provide Volkswagen owners with a unified digital entry point for electric vehicle purchase, usage, insurance, and financial services, forming a comprehensive digital financial and insurance service system that enhances service quality throughout the vehicle lifecycle.
- Integration of Technology and Data: The three parties will integrate data, technology, and ecosystem resources to deliver a more seamless and intelligent service experience for Volkswagen owners, advancing the development of intelligent driving insurance to address liability determination challenges in intelligent driving scenarios.
Cheche Group Partners with Volkswagen for Digital Insurance Services
- Strategic Partnership Signing: On January 29, 2026, Cheche Group signed a strategic cooperation agreement with Volkswagen Digital Sales and Services and Beijing Cardif Airstar Insurance to jointly develop digital insurance services for electric vehicle owners, enhancing user experience and expanding market reach.
- Intelligent Pricing System: Cheche has established an industry-leading dynamic data loop that integrates driving behavior and road condition data to create unique risk profiles for each Volkswagen owner, enabling precise pricing and promoting product differentiation in insurance offerings.
- Full Lifecycle Services: The collaboration will provide a unified digital entry point covering electric vehicle purchase, usage, insurance, and financial services, improving service quality and increasing user retention, thereby supporting rapid growth in the electric vehicle market.
- Technological Innovation and Optimization: Cheche's pricing model features dynamic learning capabilities, with real-time claims data feeding back into the model for parameter calibration, creating a positive cycle of
