Articles from SunCar Technology Group Inc.

NEW YORK, Oct. 20, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, announced that it has launched its online insurance solution for customers of Li Auto Inc.’s (Nasdaq: LI) new energy vehicles (NEV). Accessible via the Li Auto car owners’ app, SunCar can offer various online insurance solutions, including H5 on the mobile, so car owners can quickly and conveniently compare and purchase auto insurance and other services.

NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that it has signed its three-year designated driving service agreement with China CITIC Bank (“CITIC”), China's seventh-largest lender in terms of total assets, and a nationally comprehensive and internationally oriented commercial bank. CITIC operates over 160 branches in mainland China as well as branches in Hong Kong, Macau, New York, Los Angeles, Singapore and London.

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) --  SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that SunCar’s CEO, Mr. Ye recently met with X. Rick Niu, the President of Starr Strategic Holdings, LLC. Starr Strategic Holdings, LLC is the division of Starr Insurance Companies dedicated to serving the insurance and investment needs of Asian and other emerging market companies and individuals doing business in the U.S. 

NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) --  SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that it has renewed its one-year overseas airport pickup service agreement with Bank of Communications Limited (BoComm), the 5th largest bank in China. 

NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has renewed its annual destination pickup service agreement with China Minsheng Banking Corp., Ltd. (“CMBC”), public listed (SSE: 600016, SEHK: 1988) bank with over $40 billion annual revenue principally known for corporate banking with small-medium enterprises.

NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has renewed its one-year insurance intermediation service agreement with Nio Inc., a multinational automobile manufacturer headquartered in Shanghai, China with over $7 billion annual revenue specializing in designing and developing electric vehicles.

NEW YORK, Aug. 22, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has recently entered into an exclusive two-year insurance intermediation and after-sales service agreement with JIDU Auto, an electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely.

Total Revenues Increases to $282.4 million

NEW YORK, May 25, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc., a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China (“SunCar,” the “Company”), today announced that it has entered into a Share Subscription Agreement (the “Share Subscription Agreement”) with a certain non-U.S. person, Anji Zerun Private Equity Investment Partnership (Limited Partnership) (the “Investor”) pursuant to which the Company agreed to sell to the Investor, and the Investor agreed to purchase from the Company, in a private placement 2,173,657 Class A ordinary shares, par value $0.0001 per share, of the Company (the “Purchased Shares”), at the total consideration of US$21,736,569.25 (the “Placement”). The Purchased Shares are subject to a lock-up period of six (6) months. The Company and Investor closed the Placement on May 19, 2023.

NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc., a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China (“SunCar,” the “Company”), today announced the completion of the previously announced business combination (the “Business Combination”) with Goldenbridge Acquisition Limited (Nasdaq: GBRG) (“Goldenbridge”), a publicly traded special purpose acquisition company. The Business Combination was approved at a special meeting of Goldenbridge’s shareholders on April 14, 2023. Beginning Thursday, May 18, 2023, SunCar’s Class A ordinary shares and warrants will trade on the Nasdaq Capital Market under the ticker symbols “SDA” and “SDAWW,” respectively.

The company expects to list on Nasdaq upon a de-SPAC merger with Goldenbridge Acquisition Limited.