SunCar’s Investment in its AI Technology Development Center Driving Strong Premium Sales for its EV Partners
SunCar (NASDAQ: SDA) said its Anji AI Technology Services Center is driving sharp premium growth for EV partners by integrating AI, proprietary vehicle data, and dedicated cloud services across the vehicle lifecycle. Through nine months of 2025, premiums for XPeng reached $160 million (vs. $50 million in 9M 2024, >200% growth) and premiums for Tesla rose to $328 million (vs. $113 million in 9M 2024, +190%).
The company reports a 75% insurance renewal conversion rate for Tesla, integration with ByteDance’s Doubao LLM, and a nationwide service network of over 48,000 outlets supporting insurance + mobility services.
SunCar (NASDAQ: SDA) ha dichiarato che il suo Anji AI Technology Services Center sta guidando una forte crescita dei premi per i partner EV integrando IA, dati proprietari dei veicoli e servizi cloud dedicati lungo l'intero ciclo di vita del veicolo. Nei primi nove mesi del 2025, i premi per XPeng hanno raggiunto 160 milioni di dollari (rispetto a 50 milioni di dollari nei primi 9 mesi del 2024, crescita >200%) e i premi per Tesla sono saliti a 328 milioni di dollari (rispetto a 113 milioni nei 9M 2024, +190%).
L'azienda riporta un tasso di conversione delle assicurazioni rinnovate del 75% per Tesla, l'integrazione con Doubao LLM di ByteDance e una rete di servizi a livello nazionale di oltre 48.000 punti che supportano assicurazioni e servizi di mobilità.
SunCar (NASDAQ: SDA) dijo que su Anji AI Technology Services Center está impulsando un fuerte crecimiento de primas para socios de vehículos eléctricos al integrar IA, datos propietarios de vehículos y servicios en la nube dedicados a lo largo del ciclo de vida del vehículo. A través de los nueve meses de 2025, las primas para XPeng alcanzaron 160 millones de dólares (frente a 50 millones en los primeros 9 meses de 2024, >200% de crecimiento) y las primas para Tesla subieron a 328 millones de dólares (frente a 113 millones en los 9M 2024, +190%).
La empresa reporta una tasa de conversión de renovación de seguros del 75% para Tesla, la integración con Doubao LLM de ByteDance y una red de servicios a nivel nacional de más de 48.000 puntos que apoyan seguros y servicios de movilidad.
SunCar (NASDAQ: SDA)는 Anji AI Technology Services Center가 AI, 차량 소유 데이터, 전용 클라우드 서비스를 차량 수명주기에 걸쳐 통합하여 EV 파트너를 위한 보험료 성장을 촉진하고 있다고 밝혔다. 2025년 9개월 간 XPeng의 보험료는 1억 6천만 달러에 도달했고(2024년 9개월 간 5천만 달러 대비 200% 이상 증가), Tesla의 보험료는 3억 2천8백만 달러로 상승했다(2024년 9개월 간 1억 1천3백만 달러 대비 +190%).
회사는 Tesla에 대한 보험 갱신 전환율 75%, ByteDance의 Doubao LLM과의 통합, 보험 및 모빌리티 서비스를 지원하는 전국 규모의 4만8천여 개 매장의 서비스 네트워크를 보고했다.
SunCar (NASDAQ: SDA) a déclaré que son Anji AI Technology Services Center stimule fortement la croissance des primes pour les partenaires EV en intégrant l'IA, les données propriétaires des véhicules et des services cloud dédiés tout au long du cycle de vie du véhicule. Au cours des neuf premiers mois de 2025, les primes pour XPeng ont atteint 160 millions de dollars (contre 50 millions de dollars au cours des 9 premiers mois de 2024, une croissance >200 %) et les primes pour Tesla ont augmenté à 328 millions de dollars (contre 113 millions de dollars au cours des 9 premiers mois de 2024, +190 %).
L'entreprise rapporte un taux de conversion des renouvellements d'assurance de 75 % pour Tesla, l'intégration avec le Doubao LLM de ByteDance et un réseau national de services de plus de 48 000 points soutenant les assurances et les services de mobilité.
SunCar (NASDAQ: SDA) sagte, dass ihr Anji AI Technology Services Center das starke Prämienwachstum für EV-Partner vorantreibt, indem KI, proprietäre Fahrzeugdaten und dedizierte Cloud-Dienste über den gesamten Fahrzeuglebenszyklus integriert werden. In den ersten neun Monaten 2025 erreichten die Prämien von XPeng 160 Millionen USD (gegenüber 50 Millionen USD in den ersten 9 Monaten 2024, mehr als 200% Wachstum) und die Prämien von Tesla stiegen auf 328 Millionen USD (gegenüber 113 Millionen USD in den 9M 2024, +190%).
Das Unternehmen meldet eine Versicherungs-Renewal-Conversion-Rate von 75% für Tesla, die Integration mit ByteDances Doubao LLM und ein landesweites Servicenetzwerk von über 48.000 Niederlassungen, die Versicherungen + Mobilitätsdienstleistungen unterstützen.
SunCar (NASDAQ: SDA) قالت أن مركز خدمات تكنولوجيا Anji AI يعزز نمو الأقساط بشكل حاد لشركاء المركبات الكهربائية من خلال دمج الذكاء الاصطناعي وبيانات المركبات المملوكة وتقديم خدمات سحابية مخصصة عبر دورة حياة المركبة. خلال التسعة أشهر الأولى من 2025، بلغت أقساط XPeng 61 مليون دولار (مقابل 50 مليون دولار في التسعة أشهر الأولى من 2024، نمو يزيد عن 200%) وارتفعت أقساط Tesla إلى 328 مليون دولار (مقابل 113 مليون دولار في التسعة أشهر الأولى من 2024، +190%).
وأفادت الشركة بمعدل تحويل تجديد التأمين لـ Tesla بنسبة 75%، والتكامل مع Doubao LLM من ByteDance، وشبكة وطنية من الخدمات تضم أكثر من 48,000 منفذ تدعم التأمين وخدمات التنقل.
- XPeng premiums $160M in 9M 2025 (>200% vs 9M 2024)
- Tesla premiums $328M in 9M 2025 (+190% vs 9M 2024)
- Insurance renewal conversion rate 75% for Tesla
- Service network over 48,000 automotive outlets
- Integration with ByteDance Doubao LLM for underwriting and claims
- None.
Insights
SunCar's AI integrations with EV makers drove large premium volume growth and deeper ecosystem ties, suggesting meaningful commercial traction.
SunCar leverages a dedicated AI cloud and OEM integrations to push insurance and service bundles across vehicle lifecycles, converting single-product links into platform-level partnerships with brands such as XPeng and Tesla. The disclosed premium flows—
Key dependencies include continued OEM cooperation, data access, and cloud performance; any disruption in those would reduce cross-sell and renewal economics. Watch quarterly premium run‑rates, announced scope expansions with each OEM, and integration milestones with partners like ByteDance (Doubao LLM) over the next 6–18 months for proof of sustained, scalable partnership revenue.
High renewal conversion and bundled services demonstrate product-market fit in EV insurance and adjacent services.
Using proprietary inputs (vehicle age, mileage, maintenance) to tailor renewal + service offers increases customer stickiness and wallet share; the reported
Risks center on maintaining underwriting quality and claims cost control as volumes grow; integration of LLMs into underwriting and claims could improve efficiency but requires monitoring for accuracy and regulatory fit. Track renewal conversion trends, claims frequency/severity metrics, and any public OEM integration announcements across the next 2–4 quarters to assess durability.
NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leader in digitalizing auto insurance and auto services, is generating strong returns from its investment in its Anji AI Technology Services Center as it deepens strategic cooperation with XPeng, Tesla, Xiaomi, and other EV partners.
To support its customers’ rapid growth and focus on customer lifetime value, SunCar has actively extended its services to cover the entire lifecycle of vehicle ownership. Leveraging dedicated cloud services custom-built for our EV partners, SunCar delivers seamless integration of user data and auto insurance service systems. Our intelligent cloud enables us to rapidly expand services from new car insurance to insurance renewals and service packages.
Through the first nine months of 2025, premiums generated for XPeng by leveraging SunCar’s AI intelligent cloud reached
Using proprietary data such as vehicle age, mileage, and maintenance records, SunCar can recommend the optimal insurance renewal + auto services package for vehicle owners. As a result, Tesla's insurance renewal conversion rate has increased to
To further support XPeng, Tesla, and other EV customers' needs, SunCar continues to increase its investment in developing AI-powered services. The Company continues its integration with ByteDance’s Doubao Large Language Model (LLM), which optimizes operational efficiency and user experience in key areas such as underwriting, claims assessment, and customer service. This lays a technical foundation for subsequent expansion into more complex service scenarios like claims processing.
Leveraging its nationwide network of over 48,000 automotive service outlets and thousands of mobility partners, SunCar has built a synergistic "car insurance + service" ecosystem. The service scope covers multiple high-frequency mobility services, including maintenance, roadside assistance, designated driver, and airport transfers. This not only enhances user stickiness and satisfaction but also provides car owners with a personalized, one-stop service experience. The partnerships are expected to further expand from insurance and basic services to broader areas such as claims synergy, smart mobility, and data enrichment, continuously leading the innovative development of EV vehicle insurance and auto services ecosystems.
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 auto eInsurance market for electric vehicles and the B2B auto services market. The Company's intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. Through SunCar, drivers gain access to a wide variety of high-quality services from tens of thousands of independent providers, all from 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 within the meaning of the Private Securities Litigation Reform Act of 1995. 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. -For a detailed discussion of these risks, please refer to the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.
Contact Information:
SunCar:
Investor Relations: Mr. Breaux Walker
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
U.S. Investor Relations
Tom Cook
Managing Director
ICR
Email: Tom.Cook@icrinc.com
FAQ
How much insurance premium did SunCar generate for XPeng in the first nine months of 2025 (SDA)?
What premium growth did SunCar report for Tesla through 9M 2025 (SDA)?
What insurance renewal conversion rate did SunCar report for Tesla (SDA)?
How does SunCar support EV partners like XPeng and Tesla with AI (SDA)?
What service footprint does SunCar claim for its insurance + mobility ecosystem (SDA)?
