SunCar Technology Group Inc. Announces Service Agreement with JIDU Auto
2023年8月22日 - 9:00PM
SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq:
SDA), a leading provider of digitalized enterprise automotive
after-sales services and online auto insurance intermediation
service in China, today announced that it has recently entered into
an exclusive two-year insurance intermediation and after-sales
service agreement with JIDU Auto, an electric vehicle venture
between China’s tech giant Baidu and Chinese automaker Geely.
Founded in 2021, JIDU Auto launched its pilot
car model ROBO-01 in early 2022, now known as JI YUE 01, which
Geely has announced is set to debut in Q4 2023. SunCar’s extensive
network of over 42,000 service centers around China is ready to
provide comprehensive support for JIDU Auto customers. Initial
services will include insurance intermediation service and
value-added service options like car washing, while VIP offerings
like door-to-door valet service and repair will also be provided in
case of customer demand.
Mr. YE Zaichang, Chairman & CEO of SunCar,
commented, “We are delighted to add JIDU Auto to our expanding
customer base of leading NEV businesses in China. We have witnessed
strong growth momentum for NEVs in China, driven by the increasing
general customer acceptance of products, services, and
technologies. We will continue to expand our diverse services
platforms and look forward to supporting more leading NEV companies
like JIDU Auto as they ramp up production and delivery. We at
SunCar dedicate ourselves to providing premium insurance and
aftermarket services and thus bring value to investors as well as
end customers.”
About SunCar Technology Group Inc.
Originally founded in 2007, SunCar is
transforming the customer journey for car insurance and aftermarket
services in China, the largest passenger vehicle market in the
world. SunCar develops and operates online platforms that
seamlessly connect drivers with a wide range of automotive services
and insurance coverage options from a nationwide network of
provider partners. As a result, SunCar has established itself as
the leader in China in the B2B automotive after-sales services
market and the online insurance market for electric vehicles. The
company’s multi-tenant, cloud-based platform empowers its
enterprise clients to optimally access and manage their customer
database and offerings, and drivers gain access to hundreds of
services from tens of thousands of independent providers in a
single application.
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's 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
SunCar:
Investor Relations: Ms. Hui Jiang
Email:IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
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