SunCar Technology Group Inc. announced on October 24, 2024, new and renewed partnerships with several branches of Ping An Property & Casualty Insurance Co., Ltd., including in Shanghai, Guangdong, Foshan, Hebei, and Shanxi. The total contract value from these agreements exceeds 30 million RMB, approximately US$4.2 million.
The expansion includes new partnerships with Shanghai and Guangdong Ping An branches, renewals with Hebei and Shanxi, and re-engagement with Foshan Ping An. SunCar will introduce an expanded suite of premium auto services, such as clay bar waxing, polishing, wheel alignment, ozone disinfection, and air conditioning sterilization.
As of October 2024, SunCar's automotive service collaborations now extend to all of Ping An P&C's top 10 provincial branches by premium scale. This extensive network solidifies SunCar's position in the auto services market and builds on a previous June 2024 collaboration for airport pickup services.
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