NEW
YORK, Jan. 8, 2025 /PRNewswire/ -- SunCar
Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an
innovative leader in cloud-based B2B auto services and auto
e-insurance in China, is pleased
to announce the Company has secured the exclusive Contract (the
"Contract") for Walmart (China)
Investment Co., Ltd.'s ("Walmart
China") 2025 Sam's Club Premium Membership Car Wash
Project. Under this agreement, SunCar will deliver premium car wash
services for Sam's Club members across 17 cities, including
Shanghai, Shenzhen, Guangzhou, Chengdu, Chongqing, Changsha, Hangzhou, Suzhou, and Zhuhai. Walmart China's budget for the Contract is
approximately 49 million RMB (approximately USD 6.8 million), highlights SunCar's exceptional
capabilities and leadership in the automotive after-service sector.
The collaboration builds on over a year of partnership between
SunCar Technology and Walmart. Walmart's decision to award this
exclusive Contract reflects its recognition of SunCar's advanced
platform technology, efficient service processes, and consistent
delivery of high-quality solutions.
"We are honored to be entrusted by Walmart China to provide premium services to
their distinguished Sam's Club members," said Ye Zaichang,
Chairman and CEO of SunCar. "We will focus on delivering a
seamless, convenient, and high-quality car wash experience, further
enhancing the value of the Sam's Club Premium Membership while
strengthening our presence in the automotive after-market services
segment. Looking ahead, we will work diligently to expand this
collaboration to include additional service categories beyond
traditional automotive after-services, catering to evolving
customer needs."
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for
auto services and auto insurance in China, the largest passenger vehicle market in
the world. SunCar develops and operates cloud-based platforms that
seamlessly connect drivers with a wide range of auto services and
insurance coverage options through a nationwide network of sales
partners. As a result, SunCar has established itself as the leader
in China in the B2B auto services
market and the auto eInsurance market for electric vehicles. The
Company's intelligent cloud 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.
Forward-Looking Statements
This press release may contain 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.
