SDA

NEW YORK, April 21, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leader in digitalizing auto insurance and services in China, has won the contract to manage all concierge chauffeur services for the Agricultural Bank of China ("AgBank"). AgBank is generally considered the second-largest bank in the world in terms of total assets. AgBank is consolidating its concierge chauffeur services on SunCar's management platform to improve customer experience and rationalize costs. SunCar's platform will manage these services for three groups: Private Banking Department, Personal Banking, and the Credit Card Center. The contract has a term of three

NEW YORK, March 06, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leader in digitalizing auto insurance in China, is forecasting revenue of $498 million for 2025, a 13% increase from 2024. For the first three quarters of 2025, SunCar's revenues were $338 million, an 8% increase from the previous year period. In the fourth quarter of 2025, SunCar had its strongest quarter with preliminary unaudited revenue forecasted to be $160 million, a 24% increase from the same quarter in 2024. The Company expects to be profitable for the second half of 2025. SunCar's revenue forecast for the full-year 2026 is $600 million, an approximate increase o

NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leader in digitalizing auto insurance in China, integrated ByteDance's Doubao LLM ("Doubao") into its digital auto insurance platform beginning in Q3 2025. SunCar is now expanding this integration with the launch of its Personalized Auto Insurance AI Agent. Recently, US Insurtech company, Insurify, launched its ChatGPT app to provide AI-powered insurance shopping for consumers. SunCar is pursuing a comparable strategy in China's B2B market, integrating Doubao's GenAI technology to serve distribution partners and their end customers. The Company's Personalized Auto Insurance

6-K - SunCar Technology Group Inc. (0001936804) (Filer)

NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in AI cloud-based B2B auto eInsurance and auto services in China, today reported third quarter 2025 financial results for the quarter ended September 30, 2025. Third Quarter 2025 Highlights Revenue for third quarter 2025 increased 6% to $115.8 million, compared to $109.6 million in third quarter 2024Net Income of $1.4 million, a $2.8 million increase compared to a net loss of $1.4 million in the third quarter of 2024Adjusted EBITDA for the third quarter 2025 increased 128% to $4.9 million compared to $2.2 million for the third quarter of 2024Tesla: Succe

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 clo

6-K - SunCar Technology Group Inc. (0001936804) (Filer)

NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leader in digitalizing auto insurance and auto services, today announced financial results for the six months ended June 30, 2025. First Half 2025 Highlights Total revenue increased by 9% to $222.3 million for the six months ended June 30, 2025, from $203.1 million for the six months ended June 30, 2024.Net loss for the six months ended June 30, 2025, of $5.5 million, compared to $60.1 million in the prior year period.Adjusted EBITDA for the six months ended June 30, 2025, of $2.5 million, compared to $6 million in the prior year period.EV insurance premiums for the six mo

NEW YORK, Oct. 20, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leader in digitalizing auto insurance and auto services, has signed an AI technology cooperation agreement with Volcano Engine, ByteDance's enterprise technology service platform, integrating ByteDance's Doubao Large Language Model ("LLM") into the Company's core services. This collaboration marks a critical milestone in the Company's AI-based, next-generation digitalization strategy. Doubao LLM's multimodal AI capability, combined with SunCar's industry-specific intelligent cloud, allows the Company to add significant new AI-based capabilities to its automotive services dispatch

6-K - SunCar Technology Group Inc. (0001936804) (Filer)

SunCar Technology Group, (the "Company" or "SunCar"), (NASDAQ:SDA), a leader in digitalizing auto insurance and auto services, today announced that its Board of Directors has authorized the Company to invest up to $10 million in select major cryptocurrencies that are expected to benefit from the rapid growth of RWA tokenization. According to a report released in April 2025 by Ripple and Boston Consulting Group, the RWA market could reach $19 trillion by 2033, up from roughly $25 billion in mid-2025. From a strategic perspective, the company believes that blockchain integration and RWA tokenization represent the natural evolution of its AI-powered cloud technology for digital auto insuranc

NEW YORK, Sept. 4, 2025 /PRNewswire/ --SunCar Technology Group Inc. (the "Company" or "SunCar") announced it has entered a new phase of cooperation with Leapmotor (9863.HK). Leapmotor recently released its monthly sales data for August. Sales reached 57,066 vehicles, representing year-on-year growth of over 88% and the highest monthly sales total in Leapmotor history. SunCar's AI-powered auto insurance platform provides customized insurance solutions to Leapmotor's customers. As Leapmotor's sales have accelerated, demand from customers for differentiated insurance services has increased. Since taking over the operation of the insurance platform in February 2025, SunCar has supported this st

NEW YORK, Aug. 27, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that it has entered a new phase of strategic cooperation with intelligent electric vehicle manufacturer, NIO, Inc. (NYSE:NIO). SunCar has had a comprehensive partnership with NIO since 2020. At the end of 2023, SunCar upgraded its Anji Cloud Service Center with new service capabilities to provide NIO car owners with more detailed and customized auto insurance services. With the launch and strong sales of the ES8 and ONVO L90 models featuring advanced intelligent dri

NEW YORK, July 8, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that it has entered a new phase of strategic cooperation with intelligent electric vehicle manufacturer, XPeng Inc. (NYSE:XPEV). SunCar has had a comprehensive partnership with XPeng since October 2022. At the end of 2023, SunCar upgraded its Anji Cloud Service Center with new service capabilities to provide XPeng car owners with more detailed and customized auto insurance services. With the launch and strong sales of the XPeng G7 model featuring advanced intelligent

In the news release, SunCar's Partnership with Xiaomi Enters a New Phase to Support its YU7 Launch, Promoting Fully Intelligent Auto Insurance, issued 30-Jun-2025 by SunCar Technology Group Inc. over PR Newswire, we are advised by the company that the second paragraph should read "The companies have been partnering since April 2024 to develop intelligent vehicle insurance and create a fully-intelligent and digitized auto insurance service system for Xiaomi. With the official launch of Xiaomi Auto's first pure electric SUV, the Xiaomi YU7, this partnership enters its next phase. SunCar expects its business with Xiaomi to double in 2025." as originally issued inadvertently. The complete, corre

NEW YORK, June 30, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced the continued progression of the Xiaomi partnership. With the official launch of Xiaomi Auto's first pure electric SUV, the Xiaomi YU7 in April 2024, the two parties have been engaged in the field of intelligent vehicle insurance, creating a fully intelligent and digitized auto insurance service system for Xiaomi. As this partnership enters its next phase, SunCar expects their business with Xiaomi to double in 2025. As China's leading cloud-based auto insurance serv

Oppenheimer initiated coverage of SunCar Technology Group with a rating of Outperform and set a new price target of $3.50

NEW YORK, June 6, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that members of the Company will be participating at the following upcoming investor conferences: Oppenheimer 25th Annual Consumer Growth and E-Commerce ConferenceDate: Tuesday, June 10th, 2025, 9:00am ETLocation: VirtualSidoti Small Cap Virtual ConferenceDate: Wednesday, June 12th, 2025, 8:30am ETLocation: VirtualWeBull EV Stock WebinarDate: Tuesday, June 24th, 2:00pm ETLocation: VirtualInterested investors should contact their sales representative to register and s

6-K - SunCar Technology Group Inc. (0001936804) (Filer)

6-K - SunCar Technology Group Inc. (0001936804) (Filer)

NEW YORK, May 19, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported first quarter 2025 financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Revenue for first quarter 2025 increased 20% to $102.6 million, compared to $85.6 million in first quarter 2024.BYD: Expanding our multi-year BYD partnership, including expanded cooperation with 50 dealerships in East China to create a differentiated insurance solutionLeapmotor: Completed differentiated SAAS insurance solution for Leapmotor dealersTesla: Extended s

NEW YORK, April 28, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported annual financial results for the year ended December 31, 2024. Recent & Full Year 2024 Highlights Revenue for 2024 increased 21% to $441.9 million, compared to $363.7 million in 2023Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the yearInitiated an innovative partnership with Xiaomi to offer customized insurance productsSecured a two-year agre

20-F - SunCar Technology Group Inc. (0001936804) (Filer)

SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, will release its financial results for the full year 2024 on Monday, April 28 after the market closes. SunCar will host a conference call the following day on Tuesday, April 29th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business update. Investors may submit written questions by Monday, April 28 via e-mail to: IR@suncartech.com To access the call by phone, please dial 1-877-407-0752 (international callers please dial 1-201-389-0912) approximately

NEW YORK, March 31, 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, today announced it has been awarded a contract to provide car wash and smart car wash concierge services for personal clients of the Sichuan Branch of Agricultural Bank of China (ABC). This milestone strengthens SunCar's strategic partnership with ABC and demonstrates their continued collaboration to enhance customer service through innovative, technology-driven solutions. Building on the success of their previous cooperation, with ABC's Heilongjiang branch, this new initiative will deliver premiu