Overview

• Cheche will deliver end-to-end insurance services for NIO’s new energy vehicles, covering policy issuance, intelligent risk control, and claims management.
• NIO reported a record 31,305 deliveries in August 2025, up 55.2% year over year, with 166,472 year-to-date and more than 830,000 cumulative deliveries.
• Production targets include 15,000 units per month for the ONVO L90 in October and the ES8 by December, supporting a fourth-quarter target of 50,000 deliveries per month.
• Cheche CEO Lei Zhang said NIO’s scaling creates a clear opportunity and he expects deeper synergies to drive meaningful growth for Cheche in the fourth quarter.
• Coverage noted pressures on China’s EV sector as subsidies and tax breaks taper, while NIO rose 2.52% to $6.10 and Cheche gained 5.56% to $1.13 at the time of publication.