New and Renewed Contracts Totaling 30 million RMB to Enhance Automotive Services Nationwide

NEW YORK, Oct. 24, 2024 /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 new and renewed partnerships with several branches of Ping An Property & Casualty Insurance Co., Ltd. ("Ping An P&C", 2318.HK), including in Shanghai, Guangdong, Foshan, Hebei, and Shanxi. The total contract value from these agreements exceeds 30 million RMB (approximately USD 4.2 million), marking another major milestone in SunCar's ongoing collaboration with one of China's largest insurance groups.

This latest milestone includes a mix of new partnerships and contract renewals. Notably, the Shanghai and Guangdong Ping An branches are partnering with SunCar for the first time, while the Hebei and Shanxi branches have renewed their long-standing collaborations with SunCar. Foshan Ping An is re-engaging with SunCar after a hiatus.

The scope of these new agreements goes beyond traditional car wash and maintenance services. SunCar will introduce an expanded suite of premium auto services, including clay bar waxing, polishing, wheel alignment, ozone disinfection, and air conditioning sterilization. These value-added services allow Ping An P&C to deliver an exceptional customer experience, broadening its service offerings provided through SunCar's collaboration.