SunCar to Leverage its Extensive Car Wash Service
Network in the Region
NEW
YORK, July 9, 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 the successful bid for the China Construction Bank
(CCB) Yunnan Branch Long (Long
means "dragon") Card Car Wash Service project. This victory marks
the latest collaboration between SunCar and CCB, driving SunCar's
national expansion.
Since 2023, SunCar has been forging strategic partnerships with
multiple CCB branches, including Fujian, and now Yunnan, to provide Long Card car wash services. This latest
achievement allows SunCar to leverage its extensive car wash
service network and technological advantages to offer efficient,
convenient, and high-quality car wash services to Long Card holders in the Yunnan region. SunCar will continue to expand
its network of car wash merchants, providing a broader array of
options for CCB Yunnan Long Card users.
SunCar has a proven track record of collaboration with major
financial institutions, as demonstrated by its partnerships with
China Construction Bank, Agricultural Bank of China, China CITIC Bank, and others. This
longstanding relationship with CCB underscores SunCar's wealth of
experience and resources in the car wash service industry. With a
professional service team, SunCar can provide various car-related
services and technical support to meet diverse customer needs.
"We are honored to have been awarded this latest project with
China Construction Bank for the Yunnan Branch," said Ye
Zaichang, Chairman and CEO of SunCar. "The Dragon Card Car Wash
Service project is the latest example of our ability to grow and
extend collaborations with China's
leading financial institutions in a relatively short period of
time. We look forward to delivering exceptional car wash services
to Dragon Card holders in Yunnan
and continuing to strengthen our business relationship with
CCB."
About SunCar Technology Group Inc.
Originally 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 e-insurance market for electric vehicles. The
Company's multi-tenant, cloud-based 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
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy, and financial needs, including the
expectation that the Offering will be successfully completed.
Investors can identify these forward-looking statements by words or
phrases such as "may", "will", "expect", "anticipate", "aim",
"estimate", "intend", "plan", "believe", "is/are likely to",
"potential", "continue" or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
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.