| SunCar Technology Group Inc. (SDA) Q4 2024 Earnings Call Transcript |
SunCar Technology Group Inc. (NASDAQ:SDA ) Q4 2024 Earnings Conference Call April 29, 2024 8:00 AM ET Company Participants Jennifer Jiang - IR Director Zaichang Ye - Chairman, CEO Breaux Walker - Chief Strategy Officer Operator Greetings, and welcome to SunCar Technologies Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen only mode. |
seekingalpha.com |
2025-04-29 16:04:09 |
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| SunCar Technology Reports 2024 Annual Results |
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 2023 Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023 Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the year Initiated an innovative partnership with Xiaomi to offer customized insurance products Secured a two-year agreement with SAIC Maxus, a leading commercial vehicle manufacturer, to enhance eInsurance management across its dealership network Increased our collaboration with auto dealers, initially with Chang'an Deepal. |
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2025-04-28 20:30:00 |
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| SunCar Technology Group Inc. Schedules Full-Year 2024 Earnings Conference Call |
NEW YORK--(BUSINESS WIRE)--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 busin. |
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2025-04-22 14:31:00 |
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| SunCar Technology Wins Bid to Provide Smart Car Wash Services for Agricultural Bank of China Sichuan Branch |
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. |
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2025-03-31 12:45:00 |
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| 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. |
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2025-03-18 11:22:00 |
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| 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. |
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2025-03-10 10:45:00 |
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| 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. |
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2025-03-03 11:00:00 |
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| 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. |
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2025-02-25 10:45:00 |
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| 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. |
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2025-02-20 10:45:00 |
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| 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. |
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2025-02-19 10:30:00 |
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| 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. |
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2025-02-13 10:30:00 |
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| 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. |
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2025-02-10 10:40:00 |
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| 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. |
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2025-02-07 12:00:00 |
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| 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. |
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2025-02-05 22:15:00 |
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| 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. |
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2025-02-04 18:01:00 |
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| 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. |
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2025-01-21 11:00:00 |
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| 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. |
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2025-01-16 10:45:00 |
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| 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. |
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2025-01-08 10:30:00 |
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| 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. |
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2024-12-18 10:30:00 |
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| Italian police search couriers in tax and labour probe into Amazon, SDA and GLS |
Italy's tax police on Tuesday searched the headquarters of nine courier companies for alleged false invoices benefiting ecommerce and logistics giants Amazon , SDA and GLS, a search order reviewed by Reuters said. |
reuters.com |
2024-12-17 14:59:18 |
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| 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. |
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2024-11-11 10:00:00 |
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| 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. |
prnewswire.com |
2024-10-24 12:00:00 |
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| 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. |
businesswire.com |
2024-10-23 21:46:00 |
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| 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. |
zacks.com |
2024-10-17 15:25:20 |
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| 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. |
prnewswire.com |
2024-10-15 12:00:00 |
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| 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. |
seekingalpha.com |
2024-09-16 14:10:24 |
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| 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. |
prnewswire.com |
2024-09-09 13:46:00 |
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| 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. |
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2024-08-20 15:52:00 |
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| 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. |
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2024-08-20 12:05:00 |
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| 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. |
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2024-08-01 13:00:00 |
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| 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. |
prnewswire.com |
2024-07-23 11:45:00 |
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| 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. |
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2024-07-18 11:30:00 |
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| 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. |
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2024-07-09 12:00:00 |
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| 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. |
seekingalpha.com |
2024-06-23 16:45:46 |
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| SunCar Technology Group Partners with Ping An Property & Casualty to Elevate Airport Pickup Services |
NEW YORK , June 17, 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 a new strategic collaboration with Ping An Property & Casualty Insurance Co., Ltd. (Shenzhen Branch) ("Ping An P&C Shenzhen"), a subsidiary of Ping An Insurance Group Co. of China Ltd ("Ping An", 2318.HK), one of the five largest insurance companies in the world and a long term enterprise client of SunCar's. |
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2024-06-17 12:14:00 |
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| SunCar Technology Group Expands Intelligent Insurance Services through Enhanced Partnership with Geely Group's Zeekr |
NEW YORK , May 15, 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 an extended collaboration with Zeekr Intelligent Technology Holding Limited ("Zeekr") (NYSE: ZK), a premium electric automobile brand under Zhejiang Geely Holding Group ("Geely Group") (0175.HK). This partnership will utilize SunCar's cutting-edge intelligent insurance service platform to deliver innovative solutions to Zeekr's customers across China, representing the latest expansion and advancement for SunCar within the insurance sector. |
prnewswire.com |
2024-05-15 12:00:00 |
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| SunCar Technology Group Inc. Broadens Intelligent Insurance Services through Enhanced Partnership with Xiaomi Group's Insurance Affiliate |
NEW YORK , May 13, 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, announced an expanded partnership with Beijing Houji Insurance Brokerage Co., Ltd. ("Beijing Houji"), a part of the renowned Xiaomi Corporation ("Xiaomi Group") (1810.HK). |
prnewswire.com |
2024-05-13 12:00:00 |
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| SunCar Technology Group, Inc. (SDA) Q4 2023 Earnings Call Transcript |
SunCar Technology Group, Inc. (NASDAQ:SDA ) Q4 2023 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Jennifer Jiang - Director of Investor Relations Zaichang Ye - Chairman and CEO Stanley Yang - Chief Strategy Officer Conference Call Participants Operator Thank you for standing by and welcome to the SunCar Technology Group Fiscal Year 2023 Earnings Call. Please note, that today's call is being recorded. |
seekingalpha.com |
2024-05-01 02:18:16 |
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