Update to Include Customers of 18
Leading NEV Companies
NEW
YORK, Nov. 2, 2023 /PRNewswire/ -- SunCar
Technology Group Inc. ("SunCar", "we", or the "Company") (Nasdaq:
SDA), a leading provider of digitalized enterprise automotive
after-sales services and online auto insurance intermediation
services in China, announced the
release of its latest version of its cutting-edge digital insurance
system, Version 7.9.0. This significant update
reflects the Company's commitment to staying at the forefront of
the evolving auto insurance industry. Version 7.9.0 is currently
being deployed by 18 leading new energy vehicle (NEV) companies,
including Geely Auto, BYD, Nio, Xiaopeng, Nio, Li Auto, and
Seres.
Over the course of the year, SunCar's platform has undertaken
comprehensive updates, driven by the dynamic shifts in our
industry, the meticulous research we have conducted on user
scenarios and requirements, and important collaborations with
world-renowned NEV manufacturers on software development. A primary
enhancement in this release is the enhanced capability for
automatic storage and astute management of user insurance image
data. Our system can now classify insurance image data by
leveraging advanced image recognition technology, facilitating
automatic storage and intelligent matching in real-world
application scenarios. This enhancement underscores SunCar's
dedication to elevating the user experience of digital insurance
intermediation.
Furthermore, SunCar has improved the traceability feature within
the insurance intermediation process. Comprehensive image storage
and management are now available throughout the entire user online
operation process, regardless of the platform - mobile or PC. This
innovation aligns with the market's growing demand for a robust
traceability for online insurance intermediation process.
Mr. YE Zaichang, Chairman and CEO of SunCar, commented, "I am
proud of our team's relentless efforts in bringing forth the 7.9.0
version of our insurance system. This update is a testament to
SunCar's unwavering commitment to innovation and understanding of
the intricate needs of our users. By incorporating advanced
technologies and responding proactively to industry dynamics, we
strive to redefine excellence in the insurance technology domain.
We believe this release will significantly enhance user experience,
allowing us to continue setting the industry benchmark. At SunCar,
our mission has always been to stay ahead, and with this update, we
are taking another significant step forward, providing
state-of-the-art solutions that resonate with our customers'
needs."
About SunCar Technology Group Inc.
Originally founded in 2007, SunCar is transforming the customer
journey for car insurance and aftermarket services in China, the largest passenger vehicle market in
the world. SunCar develops and operates online platforms that
seamlessly connect drivers with a wide range of automotive services
and insurance coverage options through a nationwide network of
provider partners. As a result, SunCar has established itself as
the leader in China in the B2B
automotive after-sales services market and the online insurance
market for electric vehicles. The company's multi-tenant,
cloud-based platform empowers its enterprise clients to optimally
access and manage their customer database and offerings, 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