SunCar's New Role as Vice-Chairman in Auto Dealers Chamber

SunCar Expands Market Potential as Vice-Chairman Member

SunCar Technology Group Inc. (NASDAQ: SDA), a prominent name in cloud-based B2B auto services and auto e-insurance, is excited to announce its recent induction into the China Auto Dealers Chamber of Commerce (CADCC) as a vice-chairman member. This noteworthy achievement greatly enhances SunCar's stature in the automotive industry and lays a solid foundation for strategic growth in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets.

A New Chapter for SunCar

With a staggering number of over 3 billion fuel vehicles on the roads, the traditional automotive market represents a significant opportunity for SunCar. By becoming part of CADCC, the company not only solidifies its footprint in the booming space of NEVs but also extends its influence across the wide network of fuel vehicle dealerships. This comprehensive strategy allows SunCar to address a broad spectrum of automotive market needs, fostering innovation and collaborations that will ultimately benefit the entire sector.

The Role and Importance of CADCC

Founded in 2006, CADCC is a prestigious national organization representing an extensive member base. It provides essential services, including policy advocacy, international exchanges, and training, while acting as a critical link between dealers, manufacturers, and consumers. With over 2,000 members and nearly 8,000 4S dealerships, the chamber works tirelessly to promote sustainable growth and innovation within the industry. By joining CADCC as a vice-chairman member, SunCar aligns itself with an elite group known for significant contributions and leadership in automotive circulation.

Leadership Insights from SunCar's Chairman

Ye Zaichang, Chairman and CEO of SunCar, expressed enthusiasm at the press event, stating, "This affiliation is pivotal in our strategic development. It signifies our dedication to bridging fuel vehicle and NEV markets, while also fostering collaboration with industry leaders to meet evolving consumer needs. We seek to utilize this platform to promote sustainable growth and bolster the competitiveness of the industry as a whole."

Collaboration for Better Solutions

Membership in CADCC opens doors for SunCar to participate actively in numerous industry exchanges and policy discussions. By working collaboratively with other members, SunCar aims to share resources and devise tailored solutions for both NEVs and traditional fuel vehicles. By acknowledging and adapting to the unique needs of each segment, SunCar is dedicated to enhancing the overall automotive ecosystem.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is at the forefront of transforming the customer experience for auto services and auto insurance. As the largest passenger vehicle market globally, China presents numerous challenges and opportunities in this field. SunCar's innovative, cloud-based platforms connect drivers with a multitude of auto services and insurance options through a vast network of sales partners. Consequently, the company has established its reputation as a leader in both B2B auto services and auto e-insurance for electric vehicles, further empowering enterprise clients to manage their customer databases efficiently.

SunCar's Intelligent Cloud Platform

The intelligent cloud platform developed by SunCar enables enterprise clients to optimize their service management and expands drivers’ access to a wide array of services provided by thousands of independent providers—all conveniently integrated into a single application. In an ever-changing market landscape, such innovations are crucial for maintaining a competitive edge.

Frequently Asked Questions

What is SunCar's recent achievement?

SunCar has joined the China Auto Dealers Chamber of Commerce as a vice-chairman member, enhancing its market influence.

What are CADCC's main functions?

CADCC promotes collaboration and innovation in the automotive industry, providing services like policy advocacy, training, and international exchanges.

How does SunCar strengthen its position in the automotive market?

By joining CADCC, SunCar expands its reach in both the NEV and traditional fuel vehicle markets, leveraging a strong network of dealerships.

Who is the CEO of SunCar?

Ye Zaichang is the Chairman and CEO of SunCar Technology Group Inc., leading the company's strategic developments.

What technology does SunCar use?

SunCar employs intelligent cloud technology to connect drivers with various auto services and insurance options efficiently.

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