SunCar Technology Group Inc. announced on February 20, 2025, 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. This two-year agreement runs through December 2026.
The contract builds on SunCar's existing CCB partnerships in Fujian and Yunnan provinces, providing exclusive car wash services to CCB Hunan's Long Card members. This program furthers SunCar's successful integration of its digital platform with CCB's banking services.
CEO Ye Zaichang stated that the Hunan contract demonstrates SunCar's ability to scale its banking partnerships nationwide. This move advances SunCar's transformation into an 'automotive ecosystem operator' by combining banking services, digital payments, and physical car care locations.
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