SunCar Technology Group Inc. Stock Price, News & Analysis

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.

SunCar Technology Group (NASDAQ: SDA) has secured a contract to provide car wash and smart car wash concierge services for personal clients of the Agricultural Bank of China's (ABC) Sichuan Branch. This expansion builds upon their existing partnership with ABC's Heilongjiang branch.

The new initiative will offer premium car wash services to eligible individual credit card holders and introduce smart car wash pick-up and delivery services for key corporate clients. SunCar's proprietary technology platform will enable real-time monitoring and precise management of all services, ensuring quality and operational efficiency.

The collaboration aims to integrate financial and lifestyle services, creating a seamless customer experience focused on convenience and satisfaction.

SunCar Technology Group (NASDAQ: SDA) has announced an expanded strategic partnership with Ping An Bank for 2025, building on their relationship established in 2017. Under the renewed collaboration, SunCar will maintain its position as the preferred aftermarket service provider for Ping An Bank's Credit Card Center and Automotive Consumer Finance Center.

The partnership focuses on delivering comprehensive automotive aftermarket services, including:

• Car wash services
• Designated driver services
• Premium vehicle care solutions

This collaboration aims to strengthen the 'Finance + Automotive Services' ecosystem developed by both companies.

SunCar Technology Group (NASDAQ: SDA) has secured a contract to develop and operate the insurance management platform for Leapmotor (09863.HK), a major Chinese electric vehicle manufacturer. The platform will be integrated into Leapmotor's mobile app ecosystem, managing insurance issuance, claims processing, and accident services.

Leapmotor has shown significant growth, delivering 293,724 vehicles in 2024, representing a 104% year-over-year increase, with monthly deliveries exceeding 40,000 units in Q4 2024. The company generated over 20 billion HKD in revenue in 2024.

This agreement expands SunCar's existing partnership with Leapmotor beyond traditional insurance agency services to provide core technology infrastructure. The new platform will automate policy issuance and renewal, enable digital claims processing, and coordinate post-accident services for Leapmotor's growing customer base.