SunCar Technology Group Inc - Class A

SunCar Technology Group Inc. is a Cayman Islands-incorporated company operating primarily in China through its subsidiaries. The company provides three core services: auto eInsurance services, where it acts as an insurance intermediary distributing primarily vehicle insurance on behalf of insurance companies and earns commissions based on a percentage of premiums; technology services, including proprietary SaaS products such as CRM, order management, finance management, and visual analysis systems built on a hybrid cloud platform for automobile and insurance businesses; and auto services, where it sells auto service coupons (vehicle washing, waxing, maintenance, driving service, road assistance) to enterprise customers including banks, insurance companies, telecom companies, airlines, and large corporations, coordinating third-party service providers for fulfillment. The company is a significant participant in the rapidly growing Chinese EV insurance market, collaborating directly with EV OEMs and insurance companies to develop EV-specific insurance products. Its key operating entity is Sun Car Online Insurance Agency Co., Ltd. The company is investing in cloud infrastructure and an artificial intelligence platform to enhance its technology capabilities, deploying AI, big data, and Robotics Process Automation to iteratively upgrade its platform. The Chairman of the Board, Mr. Ye Zaichang, previously owned Shengda Automobile Service Group, which was disposed in 2022, and significant related party payables remain outstanding with repayment extended to December 2028. Updated May 27, 2026