Core Insights - SunCar Technology Group Inc. has significantly expanded its strategic partnership with a leading electric vehicle manufacturer, showcasing its growing influence in China's automotive services sector [1][2] - The partnership, initiated in early 2024, has led to a remarkable increase in automotive insurance brokerage services, with premium volume rising from $400,000 in January 2024 to approximately $40 million by year-end, indicating a hundredfold increase across 48 cities in China [2] - SunCar's AI-powered infrastructure has optimized service delivery, now serving over 2 million electric vehicle owners, setting new standards for efficiency and customer service in the automotive sector [4] Company Developments - The partnership with the EV manufacturer will extend SunCar's geographical footprint and deepen technology integration, incorporating specialized automotive services into the EV manufacturer's owner platform [3] - The company is committed to pioneering innovative solutions that meet the evolving needs of vehicle owners, reinforcing its position in China's rapidly growing electric vehicle market [5] - Founded in 2007, SunCar has established itself as a leader in the B2B auto services market and the auto e-insurance market for electric vehicles in China [5]
SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage