Core Insights - SunCar Technology Group Inc. has secured a contract to develop and operate an insurance management platform for Leapmotor, enhancing their partnership beyond traditional insurance services [1][3] - Leapmotor, a rapidly growing electric vehicle manufacturer in China, delivered 293,724 vehicles in 2024, achieving over 104% year-over-year growth and generating over 20 billion HKD in revenue [2][3] - The new platform will automate Leapmotor's insurance operations, including policy issuance, claims processing, and post-accident services, integrating seamlessly with their mobile app [4][5] Company Overview - SunCar Technology Group Inc. is a leader in auto e-insurance and cloud-based B2B auto services in China, transforming the customer journey for auto services and insurance [5] - Founded in 2007, SunCar operates a cloud-based platform that connects drivers with a wide range of auto services and insurance options through a nationwide network of sales partners [5] - The company has established itself as a leader in the B2B auto services market and the auto e-insurance market for electric vehicles in China [5]
SunCar Wins Contract to Build Insurance Platform for Major EV Maker Leapmotor