NEW
YORK, Feb. 25, 2025 /PRNewswire/ -- SunCar
Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an
innovative leader in auto e-insurance and cloud-based B2B auto
services in China, participated in
the National Automotive Circulation Industry New Year Forum and
Consumer Promotion Conference in Beijing. The Company, serving as a vice
president unit of the National Automotive Circulation Industry
Association, was represented by Vice President Gu Saiye, who delivered a keynote address
highlighting SunCarOnline's technological solutions that help
dealers enhance customer retention, renewal rates, and
profitability.
The conference brought together over 400 industry stakeholders,
including automotive dealer groups, manufacturers, pre-owned
vehicle enterprises, financial and insurance institutions,
aftermarket service providers, and automotive trade association
representatives from across China.
Attendees examined industry development trends and consumer
promotion strategies, analyzed market conditions, and discussed
implementing the 2025 auto trade-in policy to stimulate the
automotive consumer market.
In her presentation, Vice President Gu detailed how SunCar
Technology enhances dealer competitiveness through its
"SunCarInsurance" platform and showcased successful case studies
integrating auto insurance into customer lifecycle management. The
Company's technological solutions enable dealers to implement
seamless sales and after-sales management, improving customer
retention and remarketing efficiency. SunCar's "Car Butler" service
and cloud-based customer service platform provide comprehensive
dealer support while enhancing customer satisfaction and loyalty,
thereby increasing renewal rates, claim rates, and service
retention, all contributing to improved profitability.
"Our commitment remains focused on advancing the automotive
circulation industry through technological innovation," stated Gu
Saiye. "SunCar Technology will continue strengthening our dealer
partnerships, expanding our solution offerings, and supporting
high-quality industry development."
Conference participants commended SunCar Technology's
innovations in auto insurance and customer lifecycle management as
setting industry standards. Multiple dealer representatives
expressed interest in deepening their collaboration with SunCar
Technology to accelerate digital transformation within the
automotive circulation industry.
The forum established a valuable platform for industry dialogue
and collaboration while outlining strategic directions for the
automotive circulation industry in 2025. SunCar Technology will
continue leveraging its technological capabilities and industry
partnerships to address emerging opportunities and challenges.
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 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.
