NEW
YORK, March 18, 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
a significant expansion of its strategic partnership with
Ping An Bank.
The enhanced partnership builds upon their existing
relationship, which began in 2017. Under this renewed
collaboration, SunCar will continue serving as the preferred
aftermarket service provider for Ping An
Bank's Credit Card Center and Automotive Consumer Finance
Center throughout 2025.
The partnership will focus on delivering comprehensive
automotive aftermarket services, including car wash, designated
driver services, and premium vehicle care solutions. This
collaboration further strengthens the "Finance + Automotive
Services" ecosystem that both companies have been developing.
"This partnership with Ping An
Bank represents a significant advancement in our strategy to
integrate financial services with automotive care," said Ye
Zaichang, Chairman and CEO of SunCar Technology. "We're enhancing
the value proposition for Ping An
Bank's customers while establishing new standards for
integrated service delivery in the automotive sector."
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.
