SunCar Technology Group Inc. Stock Price, News & Analysis

SunCar Technology Group (NYSE:SDA) announced enhanced cooperation with Leapmotor (9863.HK), following Leapmotor's record-breaking August vehicle deliveries of 57,066 units, representing an 88% year-over-year growth.

SunCar, which has operated Leapmotor's insurance platform since February 2025, provides AI-powered auto insurance solutions to Leapmotor's customers. The company is focusing on optimizing insurance purchasing processes, enabling rapid claim settlements, and improving customer experience to support Leapmotor's growth and global expansion plans.

SunCar Technology Group (NASDAQ: SDA), a leading Chinese B2B auto eInsurance provider, has announced an enhanced strategic partnership with NIO (NYSE: NIO), building upon their existing collaboration since 2020.

The partnership expansion follows the successful launch of NIO's ES8 and ONVO L90 models, featuring advanced intelligent driving and ultra-fast charging capabilities. SunCar upgraded its Anji Cloud Service Center in late 2023 to offer more detailed and customized auto insurance services to NIO vehicle owners, leveraging AI and big data analytics to deliver innovative insurance solutions in the Chinese market.

SunCar Technology Group (NASDAQ: SDA) has announced an expanded strategic partnership with XPeng Inc. (NYSE: XPEV) following the launch of XPeng's G7 model. This advancement builds upon their existing collaboration that began in October 2022.

The partnership leverages SunCar's upgraded Anji Cloud Service Center to provide enhanced, customized auto insurance services to XPeng vehicle owners. SunCar, as China's leading cloud-based auto insurance provider, utilizes AI and big data analytics to develop intelligent insurance solutions specifically tailored for XPeng's vehicles, including the new G7 model which features advanced intelligent driving and ultra-fast charging capabilities.

SunCar Technology Group (NASDAQ: SDA), a leading Chinese cloud-based B2B auto eInsurance provider, announced the advancement of its strategic partnership with Xiaomi Auto. Following the launch of Xiaomi's first pure electric SUV, the YU7, in April 2024, the collaboration focuses on developing intelligent vehicle insurance solutions.

SunCar has implemented AI and big data analysis technologies to create a customized intelligent vehicle insurance service system for Xiaomi Auto. The company projects a 100% increase in business with Xiaomi during 2025, marking a significant expansion of their partnership.

SunCar Technology Group (NASDAQ: SDA) announced the advancement of its partnership with Xiaomi, focusing on intelligent auto insurance solutions for Xiaomi's first pure electric SUV, the YU7. The collaboration, which began in April 2024, aims to develop a fully-intelligent and digitized auto insurance service system specifically for Xiaomi Auto.

As China's leading cloud-based auto insurance service provider, SunCar is leveraging its AI and big data analysis technologies to create tailored vehicle insurance solutions. The company projects its business with Xiaomi to double in 2025 following the official launch of the Xiaomi YU7.

SunCar Technology Group Inc. (NASDAQ: SDA), a leading provider of cloud-based B2B auto eInsurance and auto services in China, has announced its participation in three upcoming investor conferences in June 2025. The company will present at the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference on June 10th, the Sidoti Small Cap Virtual Conference on June 12th, and the WeBull EV Stock Webinar on June 24th. All events will be held virtually, with presentation times ranging from 8:30 AM to 2:00 PM ET. Interested investors can register through their sales representatives for one-on-one or group meetings, and access presentation materials through SunCar's investor relations website.

SunCar Technology Group (NASDAQ: SDA) reported its Q1 2025 results with revenue increasing 20% to $102.6 million compared to Q1 2024. The company's auto eInsurance segment grew 37% to $45.9 million, while Technology Services revenue rose 41% to $10.7 million. Despite revenue growth, SunCar posted an operating loss of $3.0 million, though improved from $4.5 million loss in Q1 2024. Notable partnerships include expanded cooperation with BYD across 50 dealerships in East China, new SAAS solutions for Leapmotor, and service platform extensions for Tesla. The company secured significant contracts with China Construction Bank and PICC across 13 provincial branches. SunCar provided full-year 2025 revenue guidance of $521-539 million, projecting 18-22% growth.

SunCar Technology, a leading Chinese B2B auto eInsurance and services provider, reported strong financial growth for 2024. Revenue increased 21% to $441.9 million, while Adjusted EBITDA surged 492% to $9.8 million.

Key achievements include:

• Expanded Tesla collaboration from 6 to 48 cities
• Partnered with Xiaomi for customized insurance products
• Secured exclusive deal with Sam's Club for car wash services in 17 cities
• Established Anji AI Technology Service Center

The company's eInsurance segment grew 44% to $170.5 million, while Technology Services revenue rose 46% to $44.9 million. Auto Services increased 5% to $226.5 million. SunCar strengthened partnerships with major EV makers including Nio, XPeng, and Li Auto, while expanding relationships with banks and insurance firms. The company appointed Breaux Walker as Chief Strategy Officer to drive growth initiatives.

SunCar Technology Group (NASDAQ: SDA), a cloud-based B2B auto eInsurance and auto services provider in China, has scheduled its full-year 2024 earnings release for Monday, April 28 after market close. The company will host a conference call with investors on Tuesday, April 29 at 8:00 AM ET.

Investors can submit questions via email to IR@suncartech.com by April 28. The call can be accessed by dialing 1-877-407-0752 (US) or 1-201-389-0912 (international). An audio webcast will be available online with replay access provided. The call will follow Regulation FD guidelines, ensuring equal information access for all investors.