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SunCar and XPeng Enter a New Stage of Cooperation with the Launch of XPeng's G7 Model, Delivering Fully Intelligent Car Insurance to Drivers

1. SunCar partners with XPeng to enhance auto insurance services. 2. Anji Cloud Service Center upgraded for personalized insurance offerings. 3. XPeng G7 model's success boosts demand for innovative insurance solutions. 4. SunCar leads China's auto eInsurance market using AI and big data.

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FAQ

Why Bullish?

The partnership with XPeng aligns with market trends in EV growth, enhancing SunCar's revenue potential.

How important is it?

The strategic partnership enhances SunCar's market position, suggesting significant future growth and cash flow.

Why Long Term?

As EV adoption increases, SunCar's innovative solutions can capture growing demand over time.

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XPEVTSLANIO
, /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 announced that it has entered a new phase of strategic cooperation with intelligent electric vehicle manufacturer, XPeng Inc. (NYSE: XPEV). SunCar has had a comprehensive partnership with XPeng since October 2022. At the end of 2023, SunCar upgraded its Anji Cloud Service Center with new service capabilities to provide XPeng car owners with more detailed and customized auto insurance services. With the launch and strong sales of the XPeng G7 model featuring advanced intelligent driving, ultra-fast charging, and luxury tech features, SunCar will continue to provide XPeng car owners with the most innovative auto insurance solutions available in China. SunCar and XPeng's partnership enters a new, exciting phase. As China's leading cloud-based auto insurance service provider, SunCar utilizes its Artificial Intelligence (AI) and big data analytics to customize smart auto insurance solutions for XPeng. About SunCar Technology Group Inc. Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the auto eInsurance market for electric vehicles and the B2B auto services market. The Company's intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. Through SunCar, drivers gain access to a wide variety of high-quality services from tens of thousands of independent providers, all from a single application. For more information, please visit: https://suncartech.com.  Contact Information:SunCar:Investor Relations: Ms. Hui JiangEmail: [email protected]U.S. Investor RelationsTom CookManaging DirectorICREmail: [email protected]  SOURCE SunCar Technology Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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