NEW
YORK, Dec. 18, 2024 /PRNewswire/ -- SunCar
Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), a
leading innovator in cloud-based B2B auto services and auto
e-insurance in China, is pleased
to announce that it has been awarded a bid to provide premium
concierge transportation services for Shanghai Rural Commercial
Bank's ("SRCB") valued clientele. This milestone extends the
partnership between SunCar and SRCB, which has thrived since
2014.
Over the past decade, SunCar has worked closely with SRCB to
offer tailored services, including designated driver assistance,
high-speed rail station transfers, and international airport
transportation for credit card customers. The collaboration has
also involved the development of SRCB's proprietary car owner
service platform, solidifying SunCar's role as a trusted partner in
delivering innovative and high-quality solutions.
In October 2023, SRCB launched a
strategic retail transformation, restructuring its retail
operations into key departments such as Retail Finance, Wealth
Management & Private Banking, Personal Loan Services, and Base
Customer Management. The bank integrated its credit card services
into its broader retail business, paving the way for an enhanced
loyalty points and benefits system led by the Retail Finance
Division.
As part of this evolution, SunCar recently successfully secured
the bid to manage SRCB's retail points-based travel benefits,
encompassing concierge car services, designated driver assistance,
and VIP lounge access. Under the renewed partnership, SunCar
remains committed to delivering superior and professional travel
services tailored to the needs of SRCB's valued clientele.
"We are proud to expand our partnership with Shanghai
Rural Commercial Bank, supporting their efforts to deliver
exceptional value to their VIP clients," commented Ye Zaichang,
Chairman and CEO of SunCar Technology Group. "This new agreement
strengthens SunCar's longstanding relationship with SRCB while
reinforcing our commitment to driving growth in the financial
services sector by delivering seamless and superior
customer-focused solutions."
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.