{"id":812801,"date":"2025-02-13T08:40:04","date_gmt":"2025-02-13T13:40:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/suncar-technology-expands-major-partnership-with-global-ev-leader-achieving-48-city-coverage\/"},"modified":"2025-02-13T08:40:04","modified_gmt":"2025-02-13T13:40:04","slug":"suncar-technology-expands-major-partnership-with-global-ev-leader-achieving-48-city-coverage","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/suncar-technology-expands-major-partnership-with-global-ev-leader-achieving-48-city-coverage\/","title":{"rendered":"SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Feb. 13, 2025<\/span><\/span> \/PRNewswire\/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China<\/span>, today announced the significant expansion of its strategic partnership with one of the world’s foremost electric vehicle manufacturers. The collaboration has experienced remarkable growth, demonstrating SunCar’s expanding influence in China’s<\/span> evolving automotive services sector.<\/p>\n

The partnership began in early 2024 and has shown exceptional momentum in automotive insurance brokerage services. Premium volume surged from an initial $400,000<\/span> in January 2024<\/span> to approximately $40 million<\/span> by year-end, marking a hundredfold increase across 48 Chinese cities. With over 2 million of our partner’s electric vehicles currently on the road in China<\/span>, our newly developed e-insurance system is tailored to streamline the insurance renewal process, ensuring seamless coverage for this growing market. This rapid scaling demonstrates both the strong market demand and the effectiveness of SunCar’s service delivery model.<\/p>\n

Looking ahead to 2025, SunCar will extend its geographical footprint while deepening its technology integration. A key development includes incorporating SunCar’s specialized automotive services directly into the EV manufacturer’s owner platform, creating a seamless experience for millions of vehicle owners. This integration represents a significant step forward in digital automotive service delivery.<\/p>\n

\n \u00a0The Company’s AI-powered infrastructure has been instrumental in optimizing service delivery and resource allocation. SunCar’s advanced insurance renewal system now serves over 2 million owners of our partner’s electric vehicles, showcasing the Company’s technological capabilities and market reach. This digital transformation sets new standards for efficiency and customer service in the automotive sector.<\/span>\n <\/p>\n

“As artificial intelligence reshapes the automotive industry, SunCar continues to pioneer innovative solutions that address the evolving needs of vehicle owners,” said Ye Zaichang, Chairman and CEO of SunCar Technology Group Inc. “Our expanding partnership with this leading EV manufacturer strengthens our position in China’s<\/span> rapidly growing electric vehicle market while demonstrating our commitment to technology-driven service excellence.”<\/p>\n

\n About\u00a0SunCar Technology Group Inc.<\/b>\n <\/p>\n

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in\u00a0China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in\u00a0China\u00a0in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit:\u00a0https:\/\/suncartech.com<\/a><\/u><\/b>.<\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the\u00a0Securities and Exchange Commission.<\/p>\n

\n Contact Information:<\/b>\n <\/p>\n

\n SunCar:
<\/b>Investor Relations: Ms.\u00a0Hui Jiang
Email:\u00a0IR@suncartech.com<\/a><\/u><\/b>
Legal: Ms.\u00a0Li Chen
Email:\u00a0chenli@suncartech.com<\/a><\/u><\/b><\/p>\n

\n U.S.\u00a0Investor Relations
<\/b>
\n Matthew Abenante<\/span>, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:\u00a0matthew@strategic-ir.com<\/a><\/u><\/b><\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/suncar-technology-expands-major-partnership-with-global-ev-leader-achieving-48-city-coverage-302375718.html<\/a><\/p>\n

SOURCE SunCar Technology Group Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK , Feb. 13, 2025 \/PRNewswire\/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced the significant expansion of its strategic partnership with one of the world’s foremost electric vehicle manufacturers. The collaboration has experienced remarkable growth, demonstrating SunCar’s expanding influence in China’s evolving automotive services sector. The partnership began in early 2024 and has shown exceptional momentum in automotive insurance brokerage services. Premium volume surged from an initial $400,000 in January 2024 to approximately $40 million by year-end, marking a hundredfold increase across 48 Chinese cities. With over 2 million of our partner’s electric vehicles currently on the road … <\/p>\n

Continue reading “SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-812801","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/suncar-technology-expands-major-partnership-with-global-ev-leader-achieving-48-city-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Feb. 13, 2025 \/PRNewswire\/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced the significant expansion of its strategic partnership with one of the world’s foremost electric vehicle manufacturers. The collaboration has experienced remarkable growth, demonstrating SunCar’s expanding influence in China’s evolving automotive services sector. The partnership began in early 2024 and has shown exceptional momentum in automotive insurance brokerage services. Premium volume surged from an initial $400,000 in January 2024 to approximately $40 million by year-end, marking a hundredfold increase across 48 Chinese cities. 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