NEW
YORK, May 13, 2024 /PRNewswire/ -- SunCar
Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an
innovative leader in cloud-based B2B auto services and auto
e-insurance in China, announced an
expanded partnership with Beijing Houji Insurance Brokerage Co.,
Ltd. ("Beijing Houji"), a part of the renowned Xiaomi Corporation
("Xiaomi Group") (1810.HK). This strategic alliance is set to
transform the insurance industry, utilizing SunCar's advanced
intelligent insurance service platform to provide innovative
services in 14 cities across China.
Building on the momentum of previous collaborations, this
partnership with Beijing Houji demonstrates SunCar's ability to
scale and advance within the insurance industry landscape through
its technology. By integrating SunCar's state-of-the-art
intelligent insurance platform, underpinned by robust cloud
architecture, the initiative aims to blend online and offline
insurance services seamlessly. This platform leverages cutting-edge
big data and AI technologies to forge a dynamic insurance
ecosystem, facilitating connections between insurance providers and
enhancing the capabilities of intermediaries and agents.
This partnership will enable Xiaomi to offer its customers
comprehensive digital and intelligent insurance solutions through
Software as a Service (SaaS) and Platform as a Service (PaaS) cloud
services. Targeted at Xiaomi's mobile car owners, these services
will deliver a streamlined and user-friendly insurance experience,
encompassing smart mobile services and extensive platform support
for SaaS across the designated cities. The collaboration's
geographical scope spans 14 key cities, namely Shanghai, Guangzhou, Foshan, Dongguan, Chengdu, Suzhou, Nanjing, Wuxi, Hefei, Changsha, Haikou, Ningbo, Tianjin, and Qingdao.
Ye Zaichang, CEO and Chairman of SunCar commented, "We are
thrilled to further enhance our collaboration with Xiaomi Group and
Beijing Houji. This collaboration further extends our reach into 14
cities and deepens our commitment to revolutionizing the auto
insurance landscape. Our goal is to empower car owners with
smarter, more intuitive services, enhancing their experience in
ways previously unimaginable. The partnership exemplifies our
leading position in digitalized automotive services and e-insurance
in China. It is a testament to our
proven capabilities and strategic vision in harnessing cutting-edge
technologies such as AI and big data."
About SunCar Technology Group Inc.
Originally 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 multi-tenant, cloud-based 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.
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.