UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November 2026
Commission File Number: 001-41706
SunCar Technology Group Inc.
(Translation of registrant’s name into English)
c/o Shanghai Feiyou Trading Co., Ltd.
Suite 209, No. 656 Lingshi Road
Jing’an District, Shanghai, 200072
People’s Republic of China
Tel: (86) 138-1779-6110
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
Exhibits.
| Number |
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| 99.1 |
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SunCar Technology Group Announces Share Buyback Program. |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
SunCar Technology Group Inc. |
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|
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| Date November 6, 2026 |
By: |
/s/ Zaichang Ye |
| |
Name: |
Zaichang Ye |
| |
Title: |
Chief Executive Officer |
| |
|
(Principal Executive Officer) |
Exhibit 99.1
SunCar Technology Group Announces Share Repurchase
Program
NEW YORK, November 6, 2026 – SunCar
Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), a Cayman Islands exempted company, today announced
that its board of directors has authorized a share repurchase program to buy back up to $10 million of its outstanding Class A ordinary
shares, par value $0.0001 per share (the “Class A Ordinary Shares”). This program reflects the Company's confidence in its
long-term growth prospects. The share repurchase program is expected for the next three months. The Company intends to fund the repurchases
through a combination of cash on hand and cash generated from operations.
The Company may repurchase shares of its Class
A Ordinary Shares from time to time on the open market or in privately negotiated transactions, or otherwise in accordance with applicable
federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of
shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, volume, corporate,
and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the
Class A Ordinary Shares.
About SunCar Technology Group
Founded in 2007, SunCar is transforming the customer journey for auto
insurance and services in China, the world's largest passenger vehicle market. 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://ir.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. Forward-looking statements in this release include statements regarding the planned launch of AI-powered
services, expected improvements in customer experience, potential cost reductions, and the development of SaaS solutions. These statements
involve risks, including technology development challenges, market acceptance, regulatory approval requirements, and the ability to scale
AI implementations. 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:
Investor Relations: Mr. Breaux Walker
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
SOURCE: SunCar Technology Group Inc.
