NEW
YORK, Nov. 13, 2023 /PRNewswire/ -- SunCar
Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a
leading provider in digitalized automotive after-sales services and
online auto insurance intermediation in China, is delighted to announce its recent
strategic agreement with the Heilongjiang branch of Agricultural Bank of
China. This one-year agreement
marks a significant milestone in SunCar's expansion strategy within
the financial services sector.
Key Collaboration Highlights:
- Comprehensive Service Offering: Under this
agreement, SunCar is set to enhance the banking experience by
offering a comprehensive package of services, including but not
limited to car washes, designated driver provisions, and
streamlined airport transfer solutions.
- Departmental Integration: Services will be integrated
across various bank departments, including the Credit Card and
Personal Banking departments.
- Blueprint for Expansion: The current exclusivity with
the Heilongjiang branch presents a
scalable model for potential future expansion across the
Agricultural Bank of China's
network, leveraging SunCar's solidified presence and proven success
in the automotive service market.
Mr. YE Zaichang, Chairman and CEO of SunCar, commented, "we are
excited to launch this program with the Heilongjiang branch of the Agricultural Bank
of China, which stands as a
testament to our commitment to innovation and customer service
excellence. This cooperation demonstrates our strategy of
integrating automotive and lifestyle services with leading
institutions, creating a seamless and enriched experience for car
owners. We believe that this program may extend to other branches
in the future and look forward to the potential growth and
expansion this partnership represents."
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 through 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 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. The Company routinely posts important
updates on its website.
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