Cheche Group Inc has officially launched its self-developed AI-assisted pricing product for new energy vehicle insurance, named "Cheche Score."

This product leverages AI models and a multi-dimensional intelligent risk control system to build a dynamic pricing model tailored for the era of smart driving, aiming to provide new technological support for the high-quality development of the new energy vehicle insurance sector through more precise risk identification and differentiated pricing capabilities.

The market for new energy vehicle insurance is experiencing rapid growth alongside the continuous increase in the ownership of these vehicles.

However, compared to traditional fuel-powered cars, new energy vehicles exhibit significant differences in areas such as smart driving features, vehicle operating status, maintenance costs, and driving behavior.

The traditional pricing approach, which primarily relies on static information like vehicle model and historical claims records, has become inadequate for accurately reflecting the true risk profile of these vehicles.

This shortfall is a key reason behind the relatively high loss ratios and somewhat crude risk pricing observed in the new energy vehicle insurance segment.

Consequently, utilizing big data and artificial intelligence to establish a more accurate and dynamic risk assessment system has become a critical direction for the industry's advancement.

According to the introduction, the "Cheche Score" product already integrates operational characteristics of new energy vehicles, smart driving behavior data, and over 200 dynamic risk control factors.

It establishes a refined risk stratification system covering five levels from A to E, enabling dynamic assessment of vehicle risk by considering different car models, various driving scenarios, and smart driving usage habits, ultimately generating differentiated risk ratings.

The core capability of the "Cheche Score" stems from the extensive ecosystem and data foundation in new energy vehicle insurance that Cheche Group Inc has accumulated over the long term.

In recent years, the company has established cooperative relationships with 18 new energy vehicle brands.

Leveraging data interfaces authorized by these automakers and real-world business scenarios, Cheche Group Inc can continuously amass multi-dimensional data—including vehicle operational characteristics, smart driving behavior, and insurance underwriting and claims information—while strictly ensuring data security and user privacy.

This data, combined with ongoing optimization of AI models for risk identification, provides sustained support for dynamic pricing.

As of 2025, Cheche Group Inc has processed over 2 million new energy vehicle insurance policies, with the related premium scale reaching 6.3 billion yuan.

This expanding business volume not only supplies the AI models with richer and more diverse training samples but also allows the "Cheche Score" to undergo continuous iteration within real business environments, leading to increasing model accuracy and steadily improving risk identification capabilities.