SunCar Technology Addresses National Automotive Circulation Industry Forum, Showcasing Digital Solutions for Dealers

Rhea-AI Summary

SunCar Technology Group Inc. (NASDAQ: SDA), a leader in auto e-insurance and B2B auto services in China, recently participated in the National Automotive Circulation Industry New Year Forum in Beijing. Vice President Gu Saiye delivered a keynote address highlighting the company's technological solutions that help dealers improve customer retention and profitability.

The conference gathered over 400 industry stakeholders who discussed development trends, consumer promotion strategies, and implementation of the 2025 auto trade-in policy. Gu showcased how SunCar's platforms—including SunCarInsurance and Car Butler—enable dealers to implement seamless sales and after-sales management, improving customer retention and remarketing efficiency.

Multiple dealer representatives expressed interest in deepening collaboration with SunCar to accelerate digital transformation in the automotive circulation industry. The company committed to continuing its technological innovation, strengthening dealer partnerships, and expanding solution offerings.

Positive

• Positioned as vice president unit of National Automotive Circulation Industry Association
• Showcased technological solutions at major industry forum with 400+ stakeholders
• Multiple dealer representatives expressed interest in deepening collaboration
• Solutions improve dealer customer retention, renewal rates, and profitability

Negative

• No specific financial metrics or growth figures provided
• No concrete new partnerships or deals announced
• details on actual market penetration or customer acquisition

NEW YORK, Feb. 25, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, participated in the National Automotive Circulation Industry New Year Forum and Consumer Promotion Conference in Beijing. The Company, serving as a vice president unit of the National Automotive Circulation Industry Association, was represented by Vice President Gu Saiye, who delivered a keynote address highlighting SunCarOnline's technological solutions that help dealers enhance customer retention, renewal rates, and profitability.

The conference brought together over 400 industry stakeholders, including automotive dealer groups, manufacturers, pre-owned vehicle enterprises, financial and insurance institutions, aftermarket service providers, and automotive trade association representatives from across China. Attendees examined industry development trends and consumer promotion strategies, analyzed market conditions, and discussed implementing the 2025 auto trade-in policy to stimulate the automotive consumer market.

In her presentation, Vice President Gu detailed how SunCar Technology enhances dealer competitiveness through its "SunCarInsurance" platform and showcased successful case studies integrating auto insurance into customer lifecycle management. The Company's technological solutions enable dealers to implement seamless sales and after-sales management, improving customer retention and remarketing efficiency. SunCar's "Car Butler" service and cloud-based customer service platform provide comprehensive dealer support while enhancing customer satisfaction and loyalty, thereby increasing renewal rates, claim rates, and service retention, all contributing to improved profitability.

"Our commitment remains focused on advancing the automotive circulation industry through technological innovation," stated Gu Saiye. "SunCar Technology will continue strengthening our dealer partnerships, expanding our solution offerings, and supporting high-quality industry development."

Conference participants commended SunCar Technology's innovations in auto insurance and customer lifecycle management as setting industry standards. Multiple dealer representatives expressed interest in deepening their collaboration with SunCar Technology to accelerate digital transformation within the automotive circulation industry.

The forum established a valuable platform for industry dialogue and collaboration while outlining strategic directions for the automotive circulation industry in 2025. SunCar Technology will continue leveraging its technological capabilities and industry partnerships to address emerging opportunities and challenges.

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 B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud 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

This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. 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. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.

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.

FAQ

What solutions did SunCar Technology (SDA) showcase at the National Automotive Circulation Industry Forum?

SunCar Technology showcased its SunCarInsurance platform and Car Butler service, which help dealers enhance customer retention, renewal rates, and profitability through seamless sales and after-sales management.

How does SunCar Technology (SDA) improve dealer profitability according to the February 2025 forum?

SDA improves dealer profitability by increasing insurance renewal rates, claim rates, and service retention through its cloud-based customer service platform and by integrating auto insurance into customer lifecycle management.

What was the industry response to SunCar's (SDA) presentation at the 2025 automotive forum in Beijing?

Industry participants commended SunCar's innovations as setting industry standards, with multiple dealer representatives expressing interest in deepening collaboration to accelerate digital transformation.

What is SunCar Technology's (SDA) role in the National Automotive Circulation Industry Association?

SunCar Technology serves as a vice president unit of the National Automotive Circulation Industry Association, representing the company's significant position in China's automotive services sector.

How is SunCar (SDA) supporting the implementation of China's 2025 auto trade-in policy?

SunCar is supporting the policy implementation through technological solutions that enhance dealer operations and customer management, contributing to stimulating the automotive consumer market as discussed at the industry forum.