NEW
YORK, Feb. 19, 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
it has secured significant new contracts with China Pacific
Insurance Company's (CPIC) Zhejiang and Jiangsu provincial branches. These agreements
establish SunCar as the primary car wash and detailing service
provider for CPIC's customers in these regions.
The expansion brings SunCar's total CPIC provincial partnerships
to ten major regions, including Shanghai, Guangdong, and other economically vital areas.
The Company has set a target to double its CPIC coverage to 20
provinces by year-end 2025.
With these new partnerships, SunCar is providing to CPIC
customers premium services including:
- EV charging infrastructure
- Chauffeur and concierge services
- Airport VIP transportation
- Digital service vouchers
"These contracts with CPIC's Zhejiang and Jiangsu branches demonstrate our
dominance in China's automotive
services sector," said Ye Zaichang, Chairman and CEO of SunCar. "By
combining our technology platform with CPIC's massive customer
base, we're continuing to build the most comprehensive auto service
network in China."
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for
auto services and auto insurance in China, 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 China in 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: https://suncartech.com.
Forward-Looking Statements
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 Securities and Exchange Commission.
Contact Information:
SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE SunCar Technology Group Inc.
