Derek Greenberg's questions to Cheche Group (CCG) leadership • H1 2025
Question
Derek Greenberg asked a series of questions regarding Cheche's NEV market share goals, the impact of the business mix shift on net revenue, the rollout of new AI products, reductions in operating expenses, and initiatives related to autonomous driving.
Answer
Founder, CEO & Chairman Lei Zhang and CFO Wenting Ji responded. They stated the current NEV market share is around 10% of new car deliveries, with confidence in reaching 30-40% in 3-5 years due to a 140% CAGR, far outpacing the industry. Ji explained that while the growing NEV mix (now 22.5%) has a lower take rate, impacting net revenue, it carries a much higher gross margin, improving profitability. The decline in operating expenses was attributed to headcount control and lower share-based compensation. For new products, the company is working with partners in China and globally (Thailand, Australia). For autonomous driving, they are collaborating with Huawei and Xpeng.