Source: Allianz

Under this agreement, Chery will cooperate with Allianz Partners as its preferred partner to jointly set up insurance and service programs covering Motor Third Party Liability (MTPL), Motor Own Damage (MOD), Road Side Assistance (RSA) and New/Used Vehicle and Battery Warranty Extension (EXW), and Ancillary Services for Chery´s commercial sales of vehicles and commercial fleets across Europe. The partnership will also explore cooperation initiatives around Total Cost of Ownership (TCO) optimization, ESG (Environmental, Social, and Governance) initiatives, data connectivity, and derivative solutions such as Usage Based Insurance (UBI), Mobility as a Service (MaaS), and Cyber protection.

Jean-Marc Pailhol, Chief Officer Global Strategic Partnerships and Member of the Board of Allianz Partners, commented: “We are thrilled to support Chery, the top Chinese car exporter, as they expand overseas. This partnership underscores the recognition of the Allianz brand by Chinese OEM partners and our commitment to enabling global mobility players. Our expertise in insurance and assistance services offers peace of mind and a one-stop solution for customers, strengthening Chery’s brand expansion in Europe.”

Charlie Zhang, Executive Vice President of Chery International, said, “This partnership has significantly improved the user service experience, establishing a strong foundation for Chery’s brand development in the European market. It also fully reflects our shared dedication to a user-centric approach and continuous innovation in service models. In 2025, Chery International, in collaboration with its partners, will seize the strategic opportunities arising from the rapid development of the electric vehicle industry to make a comprehensive push into the European market.”

Read the full article: https://www.allianz-partners.com/en_global/in-the-news/press-releases/Allianz_Partners_and_Chery_International_sign_Strategic_Partnership_Agreement.html