NEW
YORK, Nov. 11, 2024 /PRNewswire/ -- SunCar
Technology Group Inc. (NASDAQ: SDA), a leading innovator in
cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic
partnership with Wuhan JIDU Automobile Service Co. LTD. ("Wuhan
JIDU"), to provide its cutting-edge insurance technology platform
to auto buyers and customers across China. This partnership represents a major
step in enhancing the digital insurance experience for Wuhan JIDU's
expanding customer base.
Wuhan JIDU, a key player in the intelligent vehicle industry, is
the groundbreaking joint venture between Baidu and Geely. JIDU Auto
is at the forefront of developing intelligent electric vehicles
(EVs), focusing on AI-driven autonomous technology. With this
collaboration, Wuhan JIDU will leverage SunCar's cloud-based
intelligent insurance platform (the "Platform") to deliver
efficient, fully digital insurance services, cementing its position
in the evolving smart mobility landscape.
The nationwide rollout of SunCar's intelligent insurance
platform will provide Wuhan JIDU's customers with an all-in-one
solution for managing their auto insurance needs. The Platform
offers instant online quoting, underwriting, electronic policy
issuance, and claims management powered by big data and AI. It
connects Wuhan JIDU with leading insurance providers and
intermediaries, ensuring customers receive tailored insurance
services efficiently and effortlessly.
"We are proud to collaborate with Wuhan JIDU, a visionary in the
intelligent EV industry, to bring our advanced insurance technology
platform to their nationwide customer base," said Ye Zaichang,
Chairman and CEO of SunCar Technology Group Inc. "This partnership
goes beyond providing a service—it represents a shared vision to
redefine the auto insurance experience in China. By combining our expertise in
cloud-based, AI-powered insurance solutions with Wuhan JIDU's
forward-thinking approach to electric and autonomous vehicles, we
are creating a comprehensive, digital-first insurance ecosystem
that aligns perfectly with the needs of today's tech-savvy
consumers."
"This collaboration not only enhances the value Wuhan JIDU
delivers to its customers but also demonstrates the scalability and
versatility of our Platform. We are committed to supporting Wuhan
JIDU as it continues its rapid growth, offering seamless,
intelligent services to auto buyers nationwide. Our goal is to
ensure that every customer enjoys the convenience and efficiency of
our digital Platform, setting a new benchmark for customer
experience in the automotive and insurance industries. As we look
ahead, we believe this partnership will serve as a model for future
collaborations and industry-wide transformation," concluded Mr.
Ye.
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
View original
content:https://www.prnewswire.com/news-releases/suncar-technology-and-wuhan-jidu-join-forces-to-revolutionize-auto-insurance-with-nationwide-intelligent-platform-302300794.html
SOURCE SunCar Technology Group Inc.