SunCar Technology (SDA) announced a “significant” expansion of its strategic partnership with a major electric vehicle manufacturer. The partnership began in early 2024. Premium volume surged from an initial $400K in January 2024 to approximately $40M by year-end, marking a hundredfold increase across 48 Chinese cities. SunCar’s advanced insurance renewal system now serves over 2 million owners of the partner’s electric vehicles.
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