Core Insights - SunCar Technology Group Inc. has secured new contracts with China Pacific Insurance Company's Zhejiang and Jiangsu branches, positioning itself as the primary car wash and detailing service provider for CPIC's customers in these regions [1][2] - The expansion increases SunCar's total CPIC provincial partnerships to ten, with a target to double its coverage to 20 provinces by the end of 2025 [2] - The company aims to leverage its technology platform alongside CPIC's extensive customer base to build a comprehensive auto service network in China [2][3] Company Overview - Founded in 2007, SunCar is a leader in the B2B auto services market and the auto e-insurance market for electric vehicles in China, the largest passenger vehicle market globally [3] - The company operates cloud-based platforms that connect drivers with a variety of auto services and insurance options through a nationwide network of sales partners [3] - SunCar's intelligent cloud platform allows enterprise clients to manage their customer databases and offerings effectively, providing drivers access to numerous services from thousands of independent providers [3]
SunCar Expands Partnership with China Pacific Insurance, Adding Two Major Provinces to Service Network