NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leader in digitalizing auto insurance in China, integrated ByteDance's Doubao LLM ("Doubao") into its digital auto insurance platform beginning in Q3 2025. SunCar is now expanding this integration with the launch of its Personalized Auto Insurance AI Agent. Recently, US Insurtech company, Insurify, launched its ChatGPT app to provide AI-powered insurance shopping for consumers. SunCar is pur ...

Core Insights - Shengda Technology (SDA.US) has achieved profitability in Q3 2025, attracting market attention towards its future business dynamics [1] Business Progress - The company plans to launch a nationwide online insurance pilot project in 2026 in collaboration with Li Auto to expand market coverage [2] - The HIMA project deployment with Huawei has completed internal testing and HarmonyOS application adaptation, moving towards full commercial deployment, which may enhance technical integration efficiency [2] - The company is deepening collaborations with leading firms such as Tesla, NIO, and Xpeng in the new energy vehicle ecosystem while continuously investing in AI technology applications to strengthen business synergy [2]

Core Insights - L3Harris Technologies, Inc. (LHX) has secured a contract from the Space Development Agency (SDA) to develop 18 infrared satellites for the Tranche 3 Tracking Layer, valued at up to $843 million, which includes ground software and operations [1][10] - Following the announcement, LHX's share price increased by 2.7% to $295.10 on December 22, 2025 [1] Company Developments - The new tracking layer satellites will enhance the SDA's Proliferated Warfighter Space Architecture (PWSA), improving the U.S. military's capabilities to detect and defend against advanced missile threats, including hypersonic missiles [2] - L3Harris has over three decades of experience supporting space superiority missions and is a long-standing partner of the U.S. Space Force [3] - The Tranche 3 Tracking Layer solution will provide higher-resolution infrared sensing, advanced on-orbit data processing, and real-time detection algorithms to improve missile-tracking capabilities [5] - Currently, L3Harris supports the SDA's Tracking Layer with four missile-tracking satellites in orbit and an additional 34 satellites under development across Tranche 1 and Tranche 2 [6][10] Industry Outlook - The military satellite market is projected to grow at a CAGR of 10% from 2025 to 2030, driven by increasing demand for enhanced communication, surveillance, and reconnaissance capabilities [7] - Other defense companies such as Lockheed Martin Corp. (LMT), Northrop Grumman Corp. (NOC), and Airbus SE (EADSY) are also positioned to benefit from this favorable market outlook [8] - Lockheed Martin's long-term earnings growth rate is estimated at 11.94%, with a projected sales increase of 4.7% for 2025 [10] - Northrop Grumman has a long-term earnings growth rate of 4.19%, with a sales estimate of $41.88 billion for 2025, indicating a rise of 2.1% [11] - Airbus has a long-term earnings growth rate of 21.48%, with a sales estimate of $87.56 billion for 2025, suggesting a jump of 17.1% [12] Stock Performance - Over the past six months, L3Harris shares have increased by 19.6%, outperforming the industry growth of 13.9% [13]

Core Insights - The company, Shengda Technology Group, reported a significant turnaround in its financial performance for Q3 2025, achieving profitability for the first time with a net income of $1.41 million, compared to a net loss of $1.43 million in Q3 2024 [1][2] - Revenue for Q3 2025 reached $115.8 million, marking a 6% increase from $109.6 million in the same period last year, with year-to-date revenue growing by 8% to $338.1 million [1][2] Financial Performance - The adjusted EBITDA for Q3 2025 surged by 128% to $4.92 million from $2.15 million in Q3 2024, indicating strong resilience and scalability in the company's profit model [2] - The automotive digital insurance segment saw a 13% revenue increase to $51.41 million, while automotive services revenue remained stable at $52.16 million, providing solid support for overall performance [2] Business Expansion and Partnerships - The company has deepened collaborations in the new energy vehicle sector, notably with Tesla, enhancing service delivery in lower-tier cities without the need for additional delivery centers [2][3] - Significant improvements were noted in partnerships with NIO, where delivery times were reduced by 50%, and with XPeng, focusing on insurance renewal scenarios to enhance customer lifecycle value [3] Technological Advancements - Shengda Technology increased R&D spending by 18% to $1.67 million in Q3 2025, emphasizing the integration of AI technologies into its business operations [4] - The company successfully integrated a large language model from ByteDance's Douyin into its core database, enhancing various operational aspects such as dynamic policy pricing and claims risk assessment [4] Synergistic Effects and Service Expansion - The company won a non-accident roadside assistance service project with China Life Insurance and is expanding technical integration with major insurers like PICC and Ping An [5] - Shengda Technology has diversified its high-end service offerings, becoming the official VIP transportation service provider for the Strawberry Music Festival, with an estimated annual collaboration value of $3 million [5]

Core Insights - SunCar Technology Group Inc. reported a positive net income of $1.4 million for Q3 2025, marking a significant turnaround from a net loss of $1.4 million in Q3 2024, indicating profitable growth [3][12] - The company's revenue for Q3 2025 increased by 6% to $115.8 million compared to $109.6 million in Q3 2024, driven by strong performance in auto insurance and services [5][12] - Adjusted EBITDA surged by 128% to $4.9 million in Q3 2025, up from $2.2 million in the same quarter last year, reflecting improved operational efficiency [5][17] Financial Performance - Revenue for the first nine months of 2025 reached $338.1 million, an 8% increase from $312.7 million in the same period of 2024 [12] - Auto Insurance revenue rose by 13% to $51.4 million in Q3 2025, attributed to a higher volume of insurance policies sold [12] - Operating costs increased to $112.9 million in Q3 2025 from $109.4 million in Q3 2024, reflecting ongoing investments in growth [12][17] Strategic Partnerships and Initiatives - SunCar successfully launched its insurance business at authorized Tesla body repair centers, enhancing service delivery in third- and fourth-tier cities [5][6] - Collaborations with NIO and XPeng improved delivery times and renewal rates, respectively, showcasing the effectiveness of SunCar's technology platform [6][12] - The company initiated a nationwide rollout of an online insurance pilot program with Li Auto, expected to expand in 2026 [5][6] Technology and Innovation - SunCar is integrating ByteDance's Doubao LLM into its vehicle database, enhancing AI-powered applications for dynamic policy pricing and predictive maintenance [9] - The company continues to strengthen its property and casualty insurance partnerships, signing agreements with Huatai P&C Insurance and Bohai P&C Insurance [6] Market Expansion - SunCar's contract to provide VIP transport services for the Strawberry Music Festival highlights its capabilities in event management and nationwide service delivery [11] - The company is also managing concierge chauffeur services for China Resources Group, further expanding its service offerings [11]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Shengda Technology (SDA), noting a significant increase in stock price and market capitalization [1] - As of June 30, 2025, Shengda Technology reported total revenue of $222 million, reflecting a year-on-year growth of 9.47%, while the net profit attributable to shareholders was -$7.394 million, showing a substantial year-on-year improvement of 88.19% [1] - Shengda Technology is scheduled to release its Q3 financial report for the fiscal year 2025 on January 26, 2026, with the actual disclosure date subject to company announcements [1] Group 2 - SunCar Technology Group Inc. is recognized as a leading provider of digital automotive after-sales services and online auto insurance intermediary services in China [1] - According to a report by Frost & Sullivan, SunCar ranked first in revenue in the automotive after-sales service market for 2020 and 2021, and also ranked first in total premiums for NEV auto insurance in the online auto insurance intermediary sector [1] - The company offers a comprehensive, fully digital, on-demand automotive service system, leveraging its leading positions in both sectors to assist clients in building their membership markets and serving end customers [1]

Group 1 - The core viewpoint of the article highlights the performance of Shengda Technology (SDA), which saw a stock price increase of 5.98% on December 16, reaching $1.95 per share, with a total market capitalization of $199 million [1] - As of March 31, 2025, Shengda Technology reported total revenue of $10.3 million, reflecting a year-on-year growth of 19.87%, while the net profit attributable to shareholders was a loss of $3.402 million, a decrease of 4.13% year-on-year [1] Group 2 - SunCar Technology Group Inc. is identified as a leading provider of digital automotive after-sales services and online auto insurance intermediary services in China [1] - According to a report by Frost & Sullivan, SunCar ranked first in revenue in the enterprise automotive after-sales service market for 2020 and 2021, and also ranked first in total premiums for NEV auto insurance in the online auto insurance intermediary sector [1] - The company offers a one-stop, fully digital, on-demand automotive service system, leveraging its leading positions in both sectors to help clients build their membership markets and serve their end customers [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Shengda Technology (SDA), which saw a stock price increase of 3.26% on December 15, reaching $1.90 per share, with a total market capitalization of $194 million [1] - As of March 31, 2025, Shengda Technology reported total revenue of $10.3 million, reflecting a year-on-year growth of 19.87%, while the net profit attributable to the parent company was a loss of $3.4 million, a decrease of 4.13% year-on-year [1] Group 2 - SunCar Technology Group Inc. is identified as a leading provider of digital automotive after-sales services and online auto insurance intermediary services in China [1] - According to a report by Frost & Sullivan, SunCar ranked first in revenue in the automotive after-sales service market for 2020 and 2021, and also ranked first in total premiums for NEV auto insurance in the online auto insurance intermediary sector [1] - The company offers a one-stop, fully digital, on-demand automotive service system, leveraging its leading positions in both sectors to assist clients in building their membership markets and serving their end customers [1]

Core Insights - SunCar Technology Group Inc. is experiencing significant growth in its auto insurance and services sector, driven by strategic partnerships with major electric vehicle manufacturers such as XPeng, Tesla, and Xiaomi [1][3]. Group 1: Business Performance - In the first nine months of 2025, premiums generated for XPeng reached $160 million, a remarkable increase of over 200% from $50 million in the same period in 2024 [3]. - For Tesla, premiums grew from $113 million in the first nine months of 2024 to $328 million in the same period in 2025, marking a 190% increase [3]. - The growth reflects the unique value of SunCar's AI technology and the strategic shift from single product integrations to comprehensive ecosystem integrations [3]. Group 2: Service Offerings - SunCar has extended its services to cover the entire lifecycle of vehicle ownership, enhancing customer lifetime value [2]. - The company utilizes proprietary data to recommend optimal insurance renewal and auto service packages, achieving a 75% insurance renewal conversion rate for Tesla, significantly above the industry average [4]. - SunCar's intelligent cloud platform allows for seamless integration of user data and auto insurance service systems, facilitating rapid service expansion [2][4]. Group 3: Technological Advancements - SunCar is investing in AI-powered services and integrating with ByteDance's Doubao Large Language Model to improve operational efficiency in underwriting, claims assessment, and customer service [5]. - The integration of AI technology lays a foundation for expanding into more complex service scenarios, such as claims processing [5]. Group 4: Ecosystem Development - SunCar has established a synergistic "car insurance + service" ecosystem through a network of over 48,000 automotive service outlets and various mobility partners [6]. - The service scope includes high-frequency mobility services like maintenance, roadside assistance, and airport transfers, enhancing user satisfaction and stickiness [6]. - Future partnerships are expected to expand beyond insurance and basic services into areas like claims synergy and smart mobility [6]. Group 5: Company Overview - Founded in 2007, SunCar is a leader in the auto eInsurance market for electric vehicles in China, the largest passenger vehicle market globally [7]. - The company operates cloud-based platforms that connect drivers with a wide range of auto services and insurance options through a nationwide network of sales partners [7].

Market Overview - US stock index futures are all up before the market opens, with Dow futures rising by 0.27%, S&P 500 futures up by 0.03%, and Nasdaq futures increasing by 0.12% [1] - European indices show mixed results, with Germany's DAX up by 0.16%, UK's FTSE 100 down by 0.07%, France's CAC40 up by 0.14%, and Europe's Stoxx 50 up by 0.16% [2] - WTI crude oil prices fell by 1.24% to $60.55 per barrel, while Brent crude oil dropped by 1.17% to $64.14 per barrel [3] Key Market Events - President Trump is hosting a dinner in Tokyo with business leaders, including OpenAI and Salesforce CEO Marc Benioff, to celebrate Japan's significant investment in the US, amounting to $550 billion [4] - Japan's government has unveiled a $550 billion investment plan targeting sectors such as nuclear energy, AI, and semiconductors, which is expected to act as a major catalyst for the ongoing US stock market bull run [5] Company News - PayPal has signed an agreement with OpenAI to integrate its digital wallet into ChatGPT, allowing users to make payments directly through the AI tool. PayPal's Q3 revenue reached $8.417 billion, exceeding expectations [7] - NXP Semiconductors reported a 2% year-over-year decline in Q3 revenue to $3.17 billion but provided positive guidance for Q4, indicating a potential return to revenue growth [7] - Nomura's net profit fell by 6% in Q2, but strong performance in stock trading revenue is seen as a positive catalyst for the Japanese brokerage [8] - Novartis reported a 6% increase in operating profit for Q3, driven by new drug sales that offset the impact of the patent expiration of its heart drug Entresto [9] - Shengda Technology announced a core operating profit of $2.5 million for H1 2025, with its new energy vehicle insurance business growing by 111% [10] - UnitedHealth exceeded Q3 expectations and raised its full-year profit guidance, with a Q3 medical loss ratio of 89.9% [11] - Amazon plans to cut approximately 14,000 corporate jobs as part of its ongoing restructuring efforts influenced by AI advancements [12][13] Economic Data and Events - Upcoming economic data includes the US Conference Board Consumer Confidence Index for October, scheduled for release at 22:00 Beijing time [14] - API crude oil inventory changes for the week ending October 24 will be reported at 04:30 Beijing time [15]