Despite a decline in revenue due to lower fee rates on NEV policies, Cheche Group significantly reduced its net loss by 53%, supported by a leaner cost structure and higher gross margin driven by growth in NEV insurance premiums.

In Q4 2024, Cheche Group achieved $134.8 million in revenue, marking a 13.4% year-over-year increase. Operating loss narrowed sharply to $0.4 million, while net loss decreased to $1.4 million. The company also posted an adjusted net loss of $0.4 million, with strong growth in written premiums and policy volume.