NEW YORK, Nov. 11, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic partnership with Wuhan JIDU Automobile Service Co. LTD. ("Wuhan JIDU"), to provide its cutting-edge insurance technology platform to auto buyers and customers across China. This partnership represents a major step in enhancing the digital insurance experience for Wuhan JIDU's expanding customer base.Wuhan JIDU, a ...

Core Insights - SunCar Technology Group Inc. has announced new and renewed contracts totaling over 30 million RMB (approximately USD 4.2 million) with various branches of Ping An Property & Casualty Insurance Co., Ltd. [1][2] Group 1: Partnerships and Contracts - The recent agreements include new partnerships with the Shanghai and Guangdong branches of Ping An, while the Hebei and Shanxi branches have renewed their long-standing collaborations [2] - Foshan Ping An is re-engaging with SunCar after a hiatus, indicating a revival of previous partnerships [2] Group 2: Service Offerings - The new contracts expand beyond traditional car wash and maintenance services to include premium offerings such as clay bar waxing, polishing, wheel alignment, ozone disinfection, and air conditioning sterilization [2] - These value-added services aim to enhance customer experience and broaden the service offerings available through SunCar's collaboration with Ping An [2] Group 3: Market Position and Growth - As of October 2024, SunCar's automotive service collaborations now cover all of Ping An P&C's top 10 provincial branches by premium scale, solidifying its leading position in the auto services market [3] - The partnership builds on previous successes, including a notable collaboration in June 2024 focused on premium airport pickup services for high-value clients [3] - The company aims to enhance service quality and expand the number of partnered car wash locations, supporting Ping An in promoting their insurance products [4] Group 4: Company Overview - Founded in 2007, SunCar is a leader in cloud-based B2B auto services and auto e-insurance in China, the largest passenger vehicle market globally [5] - The company operates a cloud platform that connects drivers with a wide range of auto services and insurance options through a nationwide network of sales partners [5]

Group 1 - Iridium Communications Inc. and General Dynamics Mission Systems received a $491.6 million contract modification from the Space Development Agency for the Ground Management and Integration program, with Iridium's share valued at $239 million over five years [1][2] - The new contract focuses on developing an advanced ground system compatible with SDA's Tranche 2 constellation, including services such as engineering design, analysis, testing, and maintenance [2] - Iridium's engineering and support business is benefiting from U.S. government contracts, including a new five-year contract worth nearly $94 million, expected to provide stable revenue through 2029 [3] Group 2 - Iridium's third-quarter 2024 revenues reached $212.8 million, an 8% increase year over year, with engineering and support revenues surging 22% to $30.7 million [3] - Despite strong performance in engineering and support, weak demand trends in the Equipment business are expected to lead to lower equipment sales in 2024 [4] - Iridium currently holds a Zacks Rank 4 (Sell), with shares down 24% over the past year compared to a 3.4% growth in the sub-industry [5]

SunCar Technology Group Inc. (NASDAQ:SDA) Q2 2024 Earnings Conference Call September 16, 2024 8:00 AM ET Company Participants Jennifer Jiang - Director of IR Zaichang Ye - Chairman and CEO Breaux Walker - U.S. Consultant Operator Thank you for standing by and welcome to the SunCar Technology Group's First Half 2024 Earnings Call. Please note that today's call is being recorded. I will now turn the meeting over to Jennifer Jiang, Director of Investor Relations for SunCar Technology Group. Jennifer Jiang Than ...

| --- | --- | --- | |-------------------------------------------------------------------|--------------------------------------------------------------------------------------------|------------------------------------------------------------------------| | | | | | | SECURITIES AND | EXCHANGE COMMISSION | | | WASHINGTON, | D.C. 20549 | | | FORM | 6-K | | | REPORT OF FOREIGN PURSUANT TO RULE 13a-16 SECURITIES EXCHANGE | PRIVATE ISSUER OR 15d-16 UNDER THE ACT OF 1934 | | | For the month of | September 2024 | ...

NEW YORK, Sept. 9, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for the first half of fiscal year 2024 on Monday, September 16th before the market opens. SunCar will host a conference call on Monday, September 16th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business updat ...

NEW YORK, Aug. 20, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that the Company will be presenting at the upcoming Emerging Growth Conference on August 22, 2024 at 9:05am ET.SunCar's management team will present key developments and initiatives that have shaped the Company's growth trajectory in recent months, focusing on SunCar's innovative cloud-based platform, which is driving ...

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar"; NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the formation of a new business partnership with the Inner Mongolia branch of China Continent Property & Casualty Insurance Co., Ltd ("China Continent Insurance"). China Continent Insurance is the only subsidiary of China Reinsurance (Group) Corporation (SEHK: 1508) that specializes in non-life primary insura ...

NEW YORK, July 23, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce a strategic partnership (the "Partnership") with Lotus Technology ("Lotus,"NASDAQ: LOT) to enhance automotive industry services. This collaboration will leverage SunCar's auto e-insurance technology platform and its extensive automotive service network to support and optimize Lotus's market ex ...

Core Insights - SunCar Technology Group Inc. has been selected as the provider of concierge car services for China Merchants Bank Private Banking, marking a significant partnership [1][2] - This two-year service framework agreement aims to enhance the customer experience for CMB's elite private banking clients through a technology-driven integration model [1][2] Company Overview - SunCar, founded in 2007, is a leader in cloud-based B2B auto services and auto e-insurance in China, the largest passenger vehicle market globally [3] - The company operates a cloud-based platform that connects drivers with a variety of auto services and insurance options through a nationwide network of sales partners [3] - SunCar has established itself as a leader in the B2B auto services market and the auto e-insurance market for electric vehicles in China [3] Industry Context - China Merchants Bank is recognized as the largest and most comprehensive private bank in China, known for its innovative wealth products and extensive non-financial value-added services [2] - CMB has received numerous awards for its private banking services and was the first Chinese bank to open a branch in the United States in 2008 [2]