SunCar Technology Group Key Executives
This section highlights SunCar Technology Group's key executives, including their titles and compensation details.
Find Contacts at SunCar Technology Group
(Showing 0 of )
SunCar Technology Group Earnings
This section highlights SunCar Technology Group's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2024 | 2024-09-16 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-04-30 | N/A | N/A |
SunCar Technology Group Inc., through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. The Insurance Intermediation Business segment provides traditional auto insurance renewal services and new energy vehicles insurance services. The Automotive After-Sales Business provides after-sales services to banking, insurance companies, and other customer types. The Technology Business segment provides auto insurance SaaS products and other technical services. SunCar Technology Group Inc. was founded in 2007 and is based in Shanghai, China.
$4.70
Stock Price
$510.50M
Market Cap
543
Employees
Shanghai, None
Location
Financial Statements
Access annual & quarterly financial statements for SunCar Technology Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | June 30, 2020 |
|---|---|---|---|---|---|
| Revenue | $363.75M | $282.41M | $249.24M | $238.93M | $- |
| Cost of Revenue | $322.06M | $232.29M | $212.07M | $211.45M | $- |
| Gross Profit | $41.69M | $50.12M | $37.16M | $27.48M | $- |
| Gross Profit Ratio | 11.46% | 17.75% | 14.90% | 11.50% | 0.00% |
| Research and Development Expenses | $14.11M | $8.48M | $3.65M | $5.03M | $- |
| General and Administrative Expenses | $22.46M | $37.74M | $10.42M | $7.78M | $- |
| Selling and Marketing Expenses | $20.58M | $16.48M | $12.73M | $6.83M | $- |
| Selling General and Administrative Expenses | $43.04M | $54.22M | $23.15M | $14.62M | $- |
| Other Expenses | $- | $5.12M | $2.46M | $2.38M | $- |
| Operating Expenses | $57.15M | $62.70M | $26.80M | $19.64M | $- |
| Cost and Expenses | $379.21M | $294.99M | $238.88M | $231.09M | $- |
| Interest Income | $- | $- | $20.07K | $3.20K | $- |
| Interest Expense | $4.43M | $3.66M | $3.04M | $2.10M | $- |
| Depreciation and Amortization | $4.87M | $5.70M | $4.05M | $1.61M | $171.86K |
| EBITDA | $-5.70M | $-1.32M | $14.41M | $9.45M | $171.86K |
| EBITDA Ratio | -1.57% | -0.62% | 6.77% | 4.95% | 0.00% |
| Operating Income | $-15.46M | $-12.58M | $10.36M | $7.83M | $- |
| Operating Income Ratio | -4.25% | -4.45% | 4.16% | 3.28% | 0.00% |
| Total Other Income Expenses Net | $455.00K | $1.90M | $171.00K | $540.00K | $-34.62K |
| Income Before Tax | $-15.01M | $-10.67M | $10.53M | $8.37M | $-34.62K |
| Income Before Tax Ratio | -4.13% | -3.78% | 4.22% | 3.50% | 0.00% |
| Income Tax Expense | $2.57M | $231.00K | $938.00K | $1.75M | $- |
| Net Income | $-26.91M | $-6.67M | $-18.09M | $-9.78M | $-34.62K |
| Net Income Ratio | -7.40% | -2.36% | -7.26% | -4.09% | 0.00% |
| EPS | $-0.31 | $-1.25 | $-2.39 | $-1.29 | $0.00 |
| EPS Diluted | $-0.31 | $-1.25 | $-2.39 | $-1.29 | $0.00 |
| Weighted Average Shares Outstanding | 85.44M | 5.35M | 7.57M | 7.57M | 7.46M |
| Weighted Average Shares Outstanding Diluted | 85.44M | 5.35M | 7.57M | 7.57M | 7.46M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.62M | $101.54M | $101.54M | $102.18M | $102.18M | $79.69M | $79.69M | $78.84M | $78.84M | $62.36M | $62.36M | $67.97M | $67.97M | $56.65M | $56.65M |
| Cost of Revenue | $51.22M | $89.38M | $89.38M | $92.32M | $92.32M | $68.71M | $68.71M | $63.61M | $63.61M | $52.54M | $52.54M | $58.51M | $58.51M | $47.52M | $47.52M |
| Gross Profit | $58.40M | $12.16M | $12.16M | $9.86M | $9.86M | $10.98M | $10.98M | $15.24M | $15.24M | $9.82M | $9.82M | $9.46M | $9.46M | $9.13M | $9.13M |
| Gross Profit Ratio | 53.30% | 12.00% | 12.00% | 9.70% | 9.70% | 13.80% | 13.80% | 19.30% | 19.30% | 15.80% | 15.80% | 13.90% | 13.90% | 16.10% | 16.10% |
| Research and Development Expenses | $1.42M | $16.10M | $16.10M | $5.05M | $5.05M | $2.01M | $2.01M | $3.27M | $3.27M | $965.00K | $965.00K | $798.00K | $798.00K | $1.03M | $1.03M |
| General and Administrative Expenses | $3.54M | $20.27M | $20.27M | $9.22M | $9.22M | $2.01M | $2.01M | $288.51K | $16.40M | $2.47M | $2.47M | $2.81M | $2.81M | $2.40M | $2.40M |
| Selling and Marketing Expenses | $53.19M | $5.10M | $5.10M | $3.89M | $3.89M | $6.40M | $6.40M | $4.84M | $4.84M | $3.40M | $3.40M | $3.43M | $3.43M | $2.93M | $2.93M |
| Selling General and Administrative Expenses | $56.74M | $25.37M | $25.37M | $13.11M | $13.11M | $8.41M | $257.09K | $288.51K | $222.52K | $273.18K | $307.33K | $256.38K | $269.27K | $419.95K | $201.02K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $58.16M | $41.47M | $41.47M | $18.16M | $17.20M | $9.19M | $257.09K | $288.51K | $222.52K | $273.18K | $307.33K | $256.38K | $269.27K | $419.95K | $201.02K |
| Cost and Expenses | $109.38M | $130.85M | $130.85M | $110.48M | $109.52M | $77.90M | $257.09K | $288.51K | $222.52K | $273.18K | $307.33K | $256.38K | $269.27K | $419.95K | $201.02K |
| Interest Income | $- | $- | $- | $1.16M | $- | $- | $176.11K | $523.24K | $6.50K | $9.18K | $753.50K | $657.00K | $657.00K | $486.00K | $486.00K |
| Interest Expense | $1.16M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $1.69M | $906.50K | $906.50K | $637.00K | $637.00K | $1.42M | $1.42M | $1.50M | $1.50M | $1.04M | $1.04M | $992.50K | $992.50K | $1.03M | $1.03M |
| EBITDA | $2.08M | $-28.40M | $-28.40M | $-7.66M | $-7.66M | $1.98M | $1.98M | $224.73K | $-7.78M | $4.03M | $4.03M | $-231.33K | $3.41M | $3.80M | $3.80M |
| EBITDA Ratio | 1.90% | -27.97% | -27.97% | -7.49% | -7.49% | 2.49% | -0.32% | -0.35% | -0.28% | -0.44% | -0.49% | -0.38% | -0.40% | -0.74% | -0.35% |
| Operating Income | $245.00K | $-29.31M | $-29.31M | $-8.29M | $-8.29M | $564.00K | $-257.09K | $-278.51K | $-222.52K | $-273.18K | $-307.33K | $-256.38K | $-269.27K | $-419.95K | $-201.02K |
| Operating Income Ratio | 0.22% | -28.86% | -28.86% | -8.12% | -8.12% | 0.71% | -0.32% | -0.35% | -0.28% | -0.44% | -0.49% | -0.38% | -0.40% | -0.74% | -0.35% |
| Total Other Income Expenses Net | $-1.01M | $-631.00K | $-631.00K | $-201.50K | $-201.50K | $429.00K | $1.25M | $513.24K | $908.91K | $4.08M | $-96.10K | $25.05K | $11.94K | $53.20K | $-20.00K |
| Income Before Tax | $-769.00K | $-29.94M | $-29.94M | $-8.50M | $-8.50M | $993.00K | $-82.73K | $224.73K | $686.39K | $605.97K | $-403.42K | $-231.33K | $-257.32K | $-366.75K | $-221.02K |
| Income Before Tax Ratio | -0.70% | -29.48% | -29.48% | -8.31% | -8.31% | 1.25% | -0.10% | 0.29% | 0.87% | 0.97% | -0.65% | -0.34% | -0.38% | -0.65% | -0.39% |
| Income Tax Expense | $664.00K | $133.50K | $133.50K | $861.00K | $861.00K | $425.00K | $425.00K | $329.50K | $329.50K | $445.00K | $445.00K | $307.50K | $307.50K | $161.50K | $161.50K |
| Net Income | $-2.16M | $-31.29M | $-31.29M | $-11.77M | $-11.77M | $-1.69M | $-82.73K | $224.73K | $686.39K | $605.97K | $-403.42K | $-231.33K | $-257.32K | $-366.75K | $-221.02K |
| Net Income Ratio | -1.97% | -30.82% | -30.82% | -11.52% | -11.52% | -2.12% | -0.10% | 0.29% | 0.87% | 0.97% | -0.65% | -0.34% | -0.38% | -0.65% | -0.39% |
| EPS | $-0.02 | $-0.33 | $-0.33 | $-0.13 | $-0.13 | $-0.02 | $-0.02 | $0.03 | $0.09 | $0.08 | $-0.05 | $-0.03 | $-0.03 | $-0.05 | $-0.03 |
| EPS Diluted | $-0.02 | $-0.33 | $-0.33 | $-0.13 | $-0.13 | $-0.02 | $-0.02 | $0.03 | $0.09 | $0.08 | $-0.05 | $-0.03 | $-0.03 | $-0.05 | $-0.03 |
| Weighted Average Shares Outstanding | 93.66M | 93.66M | 93.66M | 89.51M | 89.51M | 81.37M | 3.56M | 7.13M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M |
| Weighted Average Shares Outstanding Diluted | 93.66M | 93.66M | 93.66M | 89.51M | 89.51M | 81.37M | 3.56M | 7.13M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M | 7.57M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | June 30, 2021 | June 30, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $30.85M | $21.20M | $110.64K | $76.88M | $76.32K |
| Short Term Investments | $21.60M | $26.54M | $29.15M | $18.74M | $- |
| Cash and Short Term Investments | $52.45M | $47.74M | $110.64K | $95.63M | $76.32K |
| Net Receivables | $56.04M | $85.62M | $- | $48.98M | $- |
| Inventory | $- | $2.72M | $-98.08M | $16.91M | $- |
| Other Current Assets | $66.70M | $9.27M | $- | $20.87M | $- |
| Total Current Assets | $175.20M | $145.35M | $110.64K | $165.34M | $76.32K |
| Property Plant Equipment Net | $23.75M | $33.26M | $10.74M | $28.20M | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $12.01M | $13.63M | $23.53M | $14.95M | $- |
| Goodwill and Intangible Assets | $12.01M | $13.63M | $23.53M | $14.95M | $- |
| Long Term Investments | $282.00K | $290.00K | $58.75M | $307.00K | $- |
| Tax Assets | $12.00M | $13.07M | $-93.02M | $10.69M | $- |
| Other Non-Current Assets | $- | $-13.63M | $58.75M | $-8.37M | $- |
| Total Non-Current Assets | $48.04M | $46.62M | $58.75M | $45.79M | $- |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $223.24M | $191.97M | $58.87M | $211.13M | $76.32K |
| Account Payables | $26.64M | $24.20M | $- | $- | $79.53K |
| Short Term Debt | $83.78M | $74.97M | $575.00K | $- | $- |
| Tax Payables | $2.11M | $3.04M | $- | $3.46M | $- |
| Deferred Revenue | $3.05M | $3.57M | $-31.49M | $1.05M | $- |
| Other Current Liabilities | $8.81M | $100.34M | $89.98K | $109.69M | $6.41K |
| Total Current Liabilities | $124.39M | $155.19M | $664.98K | $113.15M | $85.94K |
| Long Term Debt | $504.00K | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $2.01M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $30.35M | $- | $2.85M | $46.50M | $- |
| Total Non-Current Liabilities | $30.85M | $- | $2.85M | $48.51M | $- |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $155.25M | $155.19M | $3.52M | $161.66M | $85.94K |
| Preferred Stock | $- | $10.00K | $10.00K | $10.00K | $- |
| Common Stock | $9.00K | $11.00K | $61.51M | $11.00K | $25.00K |
| Retained Earnings | $-126.72M | $-99.58M | $-6.24M | $-69.19M | $-34.62K |
| Accumulated Other Comprehensive Income Loss | $-1.37M | $-1.48M | $82.40K | $-3.34M | $- |
| Other Total Stockholders Equity | $144.16M | $95.77M | $- | $- | $- |
| Total Stockholders Equity | $16.08M | $-5.28M | $55.35M | $2.98M | $-9.62K |
| Total Equity | $67.99M | $36.78M | $103.25M | $49.47M | $-9.62K |
| Total Liabilities and Stockholders Equity | $223.24M | $191.97M | $58.87M | $211.13M | $76.32K |
| Minority Interest | $51.91M | $42.06M | $47.90M | $46.49M | $- |
| Total Liabilities and Total Equity | $223.24M | $191.97M | $58.87M | $211.13M | $76.32K |
| Total Investments | $21.88M | $26.83M | $58.75M | $19.05M | $- |
| Total Debt | $84.28M | $74.97M | $575.00K | $60.88M | $- |
| Net Debt | $53.43M | $53.77M | $464.36K | $-16.01M | $-76.32K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $20.24M | $20.89M | $20.89M | $30.85M | $30.85M | $35.46M | $13.15K | $21.20M | $38.12K | $36.96M | $161.32K | $34.52M | $638.14K | $754.44K | $58.74M |
| Short Term Investments | $21.78M | $20.91M | $20.91M | $21.60M | $21.60M | $20.98M | $20.98M | $26.54M | $26.54M | $27.78M | $27.78M | $29.15M | $29.15M | $- | $191.25M |
| Cash and Short Term Investments | $42.02M | $41.80M | $41.80M | $52.45M | $52.45M | $56.45M | $13.15K | $47.74M | $38.12K | $64.73M | $161.32K | $63.66M | $638.14K | $754.44K | $58.74M |
| Net Receivables | $79.54M | $76.63M | $76.63M | $56.04M | $56.04M | $74.59M | $74.59M | $85.62M | $85.62M | $94.50M | $94.50M | $85.64M | $85.64M | $- | $- |
| Inventory | $- | $- | $- | $2.74M | $- | $2.65M | $1 | $2.72M | $1 | $1 | $1 | $8.21M | $-85.64M | $- | $- |
| Other Current Assets | $74.91M | $72.41M | $72.41M | $63.96M | $66.70M | $43.60M | $- | $9.27M | $- | $9.29M | $-94.50M | $4.23M | $84.04K | $134.14K | $- |
| Total Current Assets | $196.47M | $190.84M | $190.84M | $175.20M | $175.20M | $177.29M | $13.15K | $145.35M | $38.12K | $168.52M | $161.32K | $161.75M | $722.18K | $888.58K | $58.74M |
| Property Plant Equipment Net | $33.66M | $20.95M | $20.95M | $35.76M | $23.75M | $33.82M | $16.55M | $33.26M | $18.84M | $32.39M | $9.23M | $34.27M | $10.74M | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $-32.07M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $19.40M | $19.40M | $12.01M | $12.01M | $16.88M | $16.88M | $13.63M | $13.63M | $23.16M | $23.16M | $23.53M | $23.53M | $- | $- |
| Goodwill and Intangible Assets | $- | $19.40M | $19.40M | $12.01M | $12.01M | $16.88M | $16.88M | $-18.44M | $13.63M | $23.16M | $23.16M | $23.53M | $23.53M | $- | $- |
| Long Term Investments | $285.00K | $275.00K | $275.00K | $282.00K | $282.00K | $276.00K | $18.79M | $290.00K | $59.59M | $298.00K | $58.10M | $314.00K | $57.51M | $57.50M | $- |
| Tax Assets | $12.89M | $- | $- | $12.00M | $- | $12.63M | $-46.45M | $13.07M | $-46.33M | $11.72M | $-44.11M | $12.09M | $-52.21M | $- | $- |
| Other Non-Current Assets | $8.75M | $12.47M | $12.47M | $-12.01M | $12.00M | $-16.88M | $13.02M | $18.44M | $13.86M | $-23.16M | $11.72M | $-17.67M | $17.94M | $- | $-95.63M |
| Total Non-Current Assets | $55.58M | $53.10M | $53.10M | $48.04M | $48.04M | $46.73M | $18.79M | $46.62M | $59.59M | $44.41M | $58.10M | $52.52M | $57.51M | $57.50M | $-95.63M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $95.63M |
| Total Assets | $252.06M | $243.94M | $243.94M | $223.24M | $223.24M | $224.02M | $18.80M | $191.97M | $59.63M | $212.93M | $58.26M | $214.27M | $58.23M | $58.39M | $58.74M |
| Account Payables | $54.99M | $52.12M | $52.12M | $26.64M | $26.64M | $30.33M | $30.33M | $24.20M | $24.20M | $12.81M | $12.81M | $31.49M | $31.49M | $- | $5.00K |
| Short Term Debt | $84.10M | $82.09M | $82.09M | $83.78M | $83.78M | $85.82M | $2.12M | $74.97M | $1.47M | $91.26M | $575.00K | $69.03M | $69.03M | $- | $- |
| Tax Payables | $2.91M | $2.19M | $- | $2.11M | $- | $3.31M | $- | $3.04M | $- | $3.28M | $- | $2.50M | $- | $- | $- |
| Deferred Revenue | $2.38M | $- | $2.45M | $3.05M | $- | $3.87M | $-30.33M | $3.57M | $-24.20M | $2.33M | $-12.81M | $1.90M | $-100.52M | $- | $- |
| Other Current Liabilities | $8.11M | $8.29M | $10.47M | $18.67M | $13.97M | $7.88M | $-30.19M | $100.34M | $-24.28M | $49.13M | $-12.61M | $32.12M | $34.63M | $87.48K | $9.98K |
| Total Current Liabilities | $152.49M | $144.68M | $144.68M | $124.39M | $124.39M | $125.97M | $2.26M | $155.19M | $1.39M | $158.82M | $767.46K | $135.15M | $189.96K | $87.48K | $14.98K |
| Long Term Debt | $20.00K | $154.00K | $154.00K | $504.00K | $504.00K | $39.69M | $39.69M | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.01M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $24.34M | $29.66M | $29.66M | $30.35M | $30.35M | $4.47M | $-37.64M | $- | $2.03M | $- | $2.82M | $52.66M | $2.74M | $740.00K | $10.22M |
| Total Non-Current Liabilities | $24.36M | $29.82M | $29.82M | $30.85M | $30.85M | $44.16M | $2.04M | $2.04M | $2.03M | $2.85M | $2.82M | $52.66M | $2.74M | $2.75M | $10.22M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $1 | $-2.04M | $1 | $-2.85M | $- | $- | $- | $- | $- |
| Total Liabilities | $176.85M | $174.50M | $174.50M | $155.25M | $155.25M | $170.13M | $4.30M | $155.19M | $3.42M | $158.82M | $3.59M | $187.81M | $2.93M | $2.84M | $10.24M |
| Preferred Stock | $- | $- | $- | $5.00K | $- | $- | $- | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K | $- | $10.00K |
| Common Stock | $10.00K | $10.00K | $10.00K | $4.00K | $9.00K | $9.00K | $21.54M | $11.00K | $62.35M | $11.00K | $60.85M | $11.00K | $60.26M | $60.26M | $48.99M |
| Retained Earnings | $-191.47M | $-189.31M | $-189.31M | $-126.72M | $-126.72M | $-103.20M | $-7.05M | $-99.58M | $-6.39M | $-90.79M | $-6.19M | $-92.91M | $-4.96M | $-4.70M | $-487.24K |
| Accumulated Other Comprehensive Income Loss | $-1.28M | $-1.28M | $-1.28M | $-1.37M | $-1.37M | $-1.64M | $-1.64M | $-1.48M | $254.79K | $-3.28M | $8.01K | $-3.64M | $1.33K | $-3.67K | $1.09K |
| Other Total Stockholders Equity | $210.47M | $206.20M | $206.20M | $144.16M | $144.16M | $114.08M | $119.33M | $95.77M | $157.25M | $149.39M | $200.75M | $75.09M | $228.56M | $- | $-10.00K |
| Total Stockholders Equity | $17.73M | $15.62M | $15.62M | $16.08M | $16.08M | $9.25M | $14.50M | $-5.28M | $56.21M | $2.64M | $54.67M | $-21.44M | $55.30M | $55.55M | $48.50M |
| Total Equity | $75.20M | $69.44M | $69.44M | $67.99M | $67.99M | $53.89M | $59.14M | $36.78M | $98.27M | $54.11M | $106.13M | $26.46M | $103.19M | $55.55M | $48.50M |
| Total Liabilities and Stockholders Equity | $252.06M | $243.94M | $243.94M | $223.24M | $223.23M | $224.02M | $18.80M | $191.97M | $59.63M | $212.93M | $58.26M | $214.27M | $58.23M | $58.39M | $58.74M |
| Minority Interest | $57.48M | $53.82M | $53.82M | $51.91M | $51.91M | $44.64M | $44.64M | $42.06M | $42.06M | $51.46M | $51.46M | $47.90M | $47.90M | $- | $- |
| Total Liabilities and Total Equity | $252.06M | $243.94M | $243.94M | $223.24M | $223.23M | $224.02M | $18.80M | $191.97M | $59.63M | $212.93M | $58.26M | $214.27M | $58.23M | $58.39M | $58.74M |
| Total Investments | $22.06M | $21.19M | $21.19M | $21.88M | $21.88M | $21.26M | $18.79M | $26.83M | $59.59M | $28.07M | $58.10M | $29.46M | $57.51M | $57.50M | $191.25M |
| Total Debt | $84.12M | $82.24M | $81.32M | $84.28M | $83.53M | $86.62M | $1.50M | $74.97M | $1.15M | $91.26M | $575.00K | $69.03M | $69.03M | $- | $- |
| Net Debt | $63.88M | $61.36M | $60.44M | $53.43M | $52.68M | $51.16M | $1.49M | $53.77M | $1.11M | $54.30M | $413.68K | $34.51M | $68.39M | $-754.44K | $-58.74M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | June 30, 2021 | June 30, 2020 |
|---|---|---|---|---|---|
| Net Income | $-26.91M | $-10.90M | $-286.10K | $6.62M | $-34.62K |
| Depreciation and Amortization | $4.87M | $5.70M | $4.05M | $1.61M | $- |
| Deferred Income Tax | $701.00K | $-1.95M | $-5.72M | $-2.33M | $- |
| Stock Based Compensation | $1.52M | $1.60M | $1.67M | $520.00K | $- |
| Change in Working Capital | $-23.80M | $-36.51M | $136.64K | $5.04M | $6.41K |
| Accounts Receivables | $30.82M | $-32.64M | $-35.07M | $1.53M | $- |
| Inventory | $- | $32.64M | $- | $5.87M | $- |
| Accounts Payables | $3.14M | $-5.02M | $- | $53.00K | $- |
| Other Working Capital | $-57.77M | $-31.49M | $35.21M | $-2.42M | $6.41K |
| Other Non Cash Items | $15.98M | $25.93M | $130.13K | $7.17M | $-0 |
| Net Cash Provided by Operating Activities | $-27.65M | $-16.14M | $-19.33K | $18.63M | $-28.21K |
| Investments in Property Plant and Equipment | $-4.93M | $-4.35M | $-1.28M | $-9.49M | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-518.00K | $- | $- | $-10.38M | $- |
| Sales Maturities of Investments | $4.72M | $149.00K | $- | $- | $- |
| Other Investing Activities | $-1.67M | $-1.72M | $-19.40M | $-9.29M | $- |
| Net Cash Used for Investing Activities | $-2.39M | $-5.92M | $-20.68M | $-29.16M | $- |
| Debt Repayment | $10.54M | $11.15M | $- | $- | $- |
| Common Stock Issued | $40.20M | $- | $- | $59.16M | $25.00K |
| Common Stock Repurchased | $-2.00M | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-8.31M | $-510.00K | $-66.00K | $-15.29M | $104.53K |
| Net Cash Used Provided by Financing Activities | $40.43M | $10.64M | $-66.00K | $43.88M | $104.53K |
| Effect of Forex Changes on Cash | $-711.00K | $-2.57M | $1.83M | $3.10M | $- |
| Net Change in Cash | $9.68M | $-14.00M | $-773.77K | $36.44M | $76.32K |
| Cash at End of Period | $33.59M | $23.92M | $-19.33K | $82.41M | $76.32K |
| Cash at Beginning of Period | $23.92M | $37.92M | $754.44K | $45.96M | $- |
| Operating Cash Flow | $-27.65M | $-16.14M | $-19.33K | $18.63M | $-28.21K |
| Capital Expenditure | $-4.93M | $-4.35M | $-1.28M | $-9.49M | $- |
| Free Cash Flow | $-32.58M | $-20.50M | $-1.30M | $9.14M | $-28.21K |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.43M | $-31.29M | $-31.29M | $-11.77M | $-11.77M | $-1.69M | $-82.73K | $224.73K | $686.39K | $605.97K | $-403.42K | $-231.33K | $-11.39M | $-366.75K | $-221.02K |
| Depreciation and Amortization | $1.69M | $1.10M | $1.10M | $839.00K | $839.00K | $1.59M | $1.59M | $1.81M | $1.81M | $1.04M | $1.04M | $992.50K | $992.50K | $1.03M | $1.03M |
| Deferred Income Tax | $18.00K | $- | $- | $- | $- | $- | $-1.98M | $-2.19M | $-2.19M | $-1.45M | $- | $- | $- | $- | $- |
| Stock Based Compensation | $376.00K | $31.39M | $31.39M | $371.50K | $371.50K | $388.00K | $388.00K | $384.50K | $384.50K | $415.00K | $415.00K | $418.50K | $418.50K | $415.50K | $415.50K |
| Change in Working Capital | $2.96M | $-17.48M | $-17.48M | $1.72M | $1.72M | $-14.67M | $60.20K | $60.40K | $100.00K | $-97.69K | $28.58K | $52.44K | $-9.20M | $-61.57K | $67.44K |
| Accounts Receivables | $2.41M | $-12.34M | $-12.34M | $10.23M | $10.23M | $5.18M | $5.18M | $-9.37M | $-9.37M | $-6.95M | $-6.95M | $-1.82M | $-1.82M | $-15.71M | $-15.71M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $1.06M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-516.00K | $-5.14M | $-5.14M | $-8.51M | $-8.51M | $-19.85M | $60.20K | $60.40K | $100.00K | $-97.69K | $28.58K | $52.44K | $-7.37M | $-61.57K | $67.44K |
| Other Non Cash Items | $196.00K | $14.96M | $14.96M | $5.27M | $5.27M | $4.12M | $-173.40K | $-514.12K | $-908.91K | $-551.85K | $97.62K | $-24.38K | $12.64M | $-52.09K | $20.24K |
| Net Cash Provided by Operating Activities | $3.81M | $-1.31M | $-1.31M | $-3.56M | $-3.56M | $-10.26M | $-195.92K | $-228.99K | $-122.52K | $-43.57K | $-277.22K | $-203.27K | $-6.53M | $-480.40K | $-133.34K |
| Investments in Property Plant and Equipment | $-319.00K | $-122.50K | $-122.50K | $-2.18M | $-2.18M | $-288.50K | $-288.50K | $-1.63M | $-1.63M | $-541.00K | $-541.00K | $-571.50K | $-571.50K | $-70.50K | $-70.50K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $-448.50K | $2.10M | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-662.00K | $- | $- | $- | $- | $- | $-173.17K | $-750.85K | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $52.00K | $- | $- | $- | $- | $- | $-76.24K | $41.67M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.57M | $-3.52M | $-3.52M | $530.00K | $530.00K | $737.00K | $737.00K | $-463.00K | $-463.00K | $-321.00K | $-321.00K | $-339.50K | $-339.50K | $-9.36M | $-9.36M |
| Net Cash Used for Investing Activities | $-2.50M | $-3.65M | $-3.65M | $-1.65M | $-1.65M | $448.50K | $-249.40K | $40.92M | $-2.10M | $-862.00K | $-862.00K | $-911.00K | $-911.00K | $-9.43M | $-9.43M |
| Debt Repayment | $-834.00K | $- | $- | $- | $- | $- | $173.17K | $- | $- | $- | $- | $- | $- | $- | $-299.60K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $3.47M | $55.63M |
| Common Stock Repurchased | $- | $- | $- | $-1.00M | $-1.00M | $- | $76.24K | $-41.67M | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.70M | $104.00K | $104.00K | $3.47M | $3.47M | $17.74M | $149.43K | $1.00M | $50.00K | $-4.99K | $4.99K | $-1.83M | $-1.83M | $-32.78K | $3.43M |
| Net Cash Used Provided by Financing Activities | $-2.53M | $104.00K | $104.00K | $2.47M | $2.47M | $17.74M | $398.84K | $-40.67M | $50.00K | $-4.99K | $4.99K | $-1.83M | $-1.83M | $-32.78K | $58.76M |
| Effect of Forex Changes on Cash | $488.00K | $-79.50K | $-79.50K | $475.00K | $475.00K | $-830.50K | $-830.50K | $-555.00K | $-555.00K | $-731.50K | $-731.50K | $519.00K | $519.00K | $394.50K | $394.50K |
| Net Change in Cash | $-740.00K | $-4.93M | $-4.93M | $-2.26M | $-2.26M | $- | $-46.59K | $21.61K | $-72.52K | $-50.68K | $-273.30K | $-203.51K | $-8.75M | $-9.55M | $49.59M |
| Cash at End of Period | $22.99M | $-4.93M | $-4.93M | $-2.26M | $-2.26M | $13.15K | $13.15K | $59.74K | $38.12K | $110.64K | $161.32K | $434.63K | $44.56M | $754.44K | $58.74M |
| Cash at Beginning of Period | $23.73M | $- | $- | $- | $- | $13.15K | $59.74K | $38.12K | $110.64K | $161.32K | $434.63K | $638.14K | $53.31M | $10.30M | $9.15M |
| Operating Cash Flow | $3.81M | $-1.31M | $-1.31M | $-3.56M | $-3.56M | $-10.26M | $-195.92K | $-228.99K | $-122.52K | $-43.57K | $-277.22K | $-203.27K | $-6.53M | $-480.40K | $-133.34K |
| Capital Expenditure | $-319.00K | $-122.50K | $-122.50K | $-2.18M | $-2.18M | $-288.50K | $-288.50K | $-1.63M | $-1.63M | $-541.00K | $-541.00K | $-571.50K | $-571.50K | $-70.50K | $-70.50K |
| Free Cash Flow | $3.49M | $-1.44M | $-1.44M | $-5.74M | $-5.74M | $-10.55M | $-484.42K | $-1.86M | $-1.76M | $-584.57K | $-818.22K | $-774.77K | $-7.10M | $-550.90K | $-203.84K |
SunCar Technology Group Dividends
Explore SunCar Technology Group's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
-5.61x
SunCar Technology Group Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.11 | $0.11 | July 02, 2008 | August 27, 2008 |
SunCar Technology Group News
Read the latest news about SunCar Technology Group, including recent articles, headlines, and updates.
SunCar Technology Expands Strategic Partnership with Ping An Bank
NEW YORK , March 18, 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 a significant expansion of its strategic partnership with Ping An Bank. The enhanced partnership builds upon their existing relationship, which began in 2017.
SunCar Wins Contract to Build Insurance Platform for Major EV Maker Leapmotor
NEW YORK , March 10, 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 secured a contract to develop and operate the insurance management platform for Leapmotor (09863.HK), one of China's fastest-growing electric vehicle manufacturers. The system will be integrated into Leapmotor's mobile app ecosystem, handling insurance issuance, claims processing, and accident services.
SunCar Partners with Visa to Empower ICBC Cardholder Benefits in China's Affluent Consumer Market
NEW YORK , March 3, 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 its selection as the exclusive provider for the Visa Concierge Car Service Project , establishing a pivotal partnership with global payments leader Visa. This strategic alliance positions SunCar to deliver premium airport and high-speed rail transfer services to Industrial and Commercial Bank of China's (ICBC) high-net-worth cardholders nationwide, opening significant new revenue channels in China's lucrative premium services market.
SunCar Technology Addresses National Automotive Circulation Industry Forum, Showcasing Digital Solutions for Dealers
NEW YORK , Feb. 25, 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, participated in the National Automotive Circulation Industry New Year Forum and Consumer Promotion Conference in Beijing. The Company, serving as a vice president unit of the National Automotive Circulation Industry Association, was represented by Vice President Gu Saiye, who delivered a keynote address highlighting SunCarOnline's technological solutions that help dealers enhance customer retention, renewal rates, and profitability.
SunCar Secures $1.93M Contract with China Construction Bank Hunan, Expanding National Banking Partnerships
NEW YORK , Feb. 20, 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 secured an RMB 14 million (US$1.93 million) contract to operate China Construction Bank's (CCB) car wash program in Hunan province. The two-year agreement runs through December 2026 and builds on SunCar's existing CCB partnerships in Fujian and Yunnan provinces.
SunCar Expands Partnership with China Pacific Insurance, Adding Two Major Provinces to Service Network
NEW YORK , Feb. 19, 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 secured significant new contracts with China Pacific Insurance Company's (CPIC) Zhejiang and Jiangsu provincial branches. These agreements establish SunCar as the primary car wash and detailing service provider for CPIC's customers in these regions.
SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage
NEW YORK , Feb. 13, 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 the significant expansion of its strategic partnership with one of the world's foremost electric vehicle manufacturers. The collaboration has experienced remarkable growth, demonstrating SunCar's expanding influence in China's evolving automotive services sector.
SunCar Technology Group Integrates DeepSeek AI, Revolutionizing Automotive Service Intelligence
NEW YORK , Feb. 10, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced the full integration of DeepSeek artificial intelligence technology into its proprietary cloud-based service platform and car insurance SaaS solutions. This strategic implementation marks a significant advancement in the Company's AI-driven strategy and initiatives revolutionizing the automotive service industry through enhanced intelligence and efficiency.
SunCar Technology Group Announces Share Repurchase Program
NEW YORK , Feb. 7, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced that its board of directors has authorized a share repurchase program to buy back up to $30 million of its outstanding Class A ordinary shares. This program reflects the Company's confidence in its long-term growth prospects.
SunCar Technology Group Announces Pricing of $50 Million Follow-On Public Offering of Class A Ordinary Shares
NEW YORK , Feb. 5, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced the pricing of its previously announced public offering of 7,142,858 Class A ordinary shares (the "Offering") for total expected gross proceeds of approximately $50 million before underwriting discounts and commissions and offering expenses. In connection with the Offering, SunCar has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,071,429 Class A ordinary shares.
SunCar Technology Group Announces Follow-On Public Offering
NEW YORK , Feb. 4, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced a firm commitment underwritten follow-on public offering of an aggregate of up to $50 million of Class A Ordinary Shares, par value $0.0001 per share (the "Class A Ordinary Shares"). In connection with the offering, SunCar intends to grant the underwriters a 30-day option to purchase an aggregate of up to $7.5 million additional Class A Ordinary Shares at the public offering price less the underwriting discount.
SunCar Technology Group Inc. Appoints Breaux Walker as Chief Strategy Officer
NEW YORK , Jan. 21, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, today announced the appointment of Mr. Breaux Walker as the Company's Chief Strategy Officer (CSO), effective January 13, 2025.
SunCar Joins China Auto Dealers Chamber of Commerce as Vice-Chairman Member, Expanding Market Potential
NEW YORK , Jan. 16, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the Company has officially joined the China Auto Dealers Chamber of Commerce (CADCC) as one of its 40 "vice-chairman" members. This milestone solidifies SunCar's influence in the automotive industry and sets the stage for strategic growth in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets.
SunCar Secures Exclusive $6.8 Million Contract for Walmart China's 2025 Sam's Club Premium Membership Car Wash Project Across 17 Cities
NEW YORK , Jan. 8, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the Company has secured the exclusive Contract (the "Contract") for Walmart (China) Investment Co., Ltd.'s ("Walmart China") 2025 Sam's Club Premium Membership Car Wash Project.
SunCar Wins Bid to Provide Concierge Transportation Services for Shanghai Rural Commercial Bank's Valued Clientele
NEW YORK , Dec. 18, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that it has been awarded a bid to provide premium concierge transportation services for Shanghai Rural Commercial Bank's ("SRCB") valued clientele. This milestone extends the partnership between SunCar and SRCB, which has thrived since 2014.
SunCar Technology and Wuhan JIDU Join Forces to Revolutionize Auto Insurance with Nationwide Intelligent Platform
NEW YORK , Nov. 11, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic partnership with Wuhan JIDU Automobile Service Co. LTD. ("Wuhan JIDU"), to provide its cutting-edge insurance technology platform to auto buyers and customers across China.
SunCar Technology Expands Strategic Partnership with Ping An Property & Casualty Across Key Provinces
New and Renewed Contracts Totaling 30 million RMB to Enhance Automotive Services Nationwide NEW YORK , Oct. 24, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce new and renewed partnerships with several branches of Ping An Property & Casualty Insurance Co., Ltd. ("Ping An P&C", 2318.HK), including in Shanghai, Guangdong, Foshan, Hebei, and Shanxi.
AST SpaceMobile Secures Initial Contract with Space Development Agency (SDA) as a Prime Contractor to the United States Government
MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced its selection by the Space Development Agency (SDA) for an Other Transaction (OT) agreement to compete for upcoming prototype demonstration projects under the Hybrid Acquisition for proliferated Low-earth Orbit.
Iridium & GDMS Secure $491.6M SDA Contract: IRDM Stock to Gain?
Iridium Communications Inc. IRDM and General Dynamics Mission Systems (“GDMS”) have jointly received a $491.6 million contract modification from the Space Development Agency (“SDA”) for its Ground Management and Integration (GMI) program, which supports the Proliferated Warfighter Space Architecture (PWSA). Iridium's share of this total is valued at $239 million over five years.
SunCar Technology Group Expands Multi-Platform Collaboration with ICBC Shaanxi Branch Through "Shaanxi Benefits" Platform
Drives Consumer Spending Over RMB 70 million (US$9.9 million) for ICBC Shaanxi Branch NEW YORK , Oct. 15, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced its successful development and expansion of its collaboration with the Shaanxi Branch of the Industrial and Commercial Bank of China (ICBC) through its "Shaanxi Benefits" platform (the "Platform"). This partnership extends beyond previous car-washing projects into a broader, multi-platform cooperation.
SunCar Technology Group Inc. (SDA) Q2 2024 Earnings Call Transcript
SunCar Technology Group Inc. (NASDAQ:SDA ) Q2 2024 Earnings Conference Call September 16, 2024 8:00 AM ET Company Participants Jennifer Jiang - Director of IR Zaichang Ye - Chairman and CEO Breaux Walker - U.S. Consultant Operator Thank you for standing by and welcome to the SunCar Technology Group's First Half 2024 Earnings Call. Please note that today's call is being recorded.
SunCar Technology Group Inc. Schedules Earnings Conference Call for the First Half of Fiscal Year 2024 on Monday, September 16th at 8 a.m. ET
NEW YORK , Sept. 9, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for the first half of fiscal year 2024 on Monday, September 16 th before the market opens.
SunCar to Present at the Emerging Growth Conference on August 22, 2024
NEW YORK , Aug. 20, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that the Company will be presenting at the upcoming Emerging Growth Conference on August 22, 2024 at 9:05am ET. SunCar's management team will present key developments and initiatives that have shaped the Company's growth trajectory in recent months, focusing on SunCar's innovative cloud-based platform, which is driving the transformation of B2B auto services and e-insurance in a rapidly digitalizing auto market in China.
SunCar Technology Partners with SAIC Maxus for Enhanced Auto E-Insurance Solutions
Marks Expansion to Traditional Vehicle Dealerships NEW YORK , Aug. 20, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar"; NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced a two-year agreement between its wholly-owned subsidiary, Shengshi Dalian Insurance Agency Co., Ltd., and SAIC Maxus Automotive Sales & Service Co., Ltd.
SunCar Expands Partnership with China Continent Insurance
NEW YORK , Aug. 1, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar"; NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the formation of a new business partnership with the Inner Mongolia branch of China Continent Property & Casualty Insurance Co., Ltd ("China Continent Insurance"). China Continent Insurance is the only subsidiary of China Reinsurance (Group) Corporation (SEHK: 1508) that specializes in non-life primary insurance.
SunCar Technology and Lotus Technology Forge Strategic Partnership to Enhance Insurance Services and Expand Sales Network
NEW YORK , July 23, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce a strategic partnership (the "Partnership") with Lotus Technology ("Lotus," NASDAQ: LOT) to enhance automotive industry services. This collaboration will leverage SunCar's auto e-insurance technology platform and its extensive automotive service network to support and optimize Lotus's market expansion, offering Lotus owners comprehensive one-stop automotive services.
SunCar Technology Announces Two-Year Service Agreement with China Merchants Bank
NEW YORK, July 18, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that it has been selected as the provider of concierge car services for China Merchants Bank ("CMB", SSE: 600036, SEHK: 3968) Private Banking in China. This landmark two-year service framework agreement represents a significant milestone in the collaboration between SunCar and CMB.
SunCar Technology Wins Bid for China Construction Bank's Yunnan Branch Long Card Car Wash Service
SunCar to Leverage its Extensive Car Wash Service Network in the Region NEW YORK , July 9, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the successful bid for the China Construction Bank (CCB) Yunnan Branch Long (Long means "dragon") Card Car Wash Service project. This victory marks the latest collaboration between SunCar and CCB, driving SunCar's national expansion.
SunCar Technology Group: Strong Partnerships, Good Business Model
SunCar has built an innovative cloud service and mobile app that digitalize the automotive aftermarket and eInsurance sectors in China. SunCar's cloud platform is critical to China's EV manufacturers as it delivers leading technology, a user-friendly mobile App, and China-wide scope. In FY 2023 SunCar registered almost 30% overall revenue growth and 80% growth in its auto eInsurance business.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for SDA.