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0 0.0294117647058824 -0.0294117647058822 -0.0441176470588235 -0.05 -0.05 -0.0573529411764705 -0.0573529411764705
Stock impact report

SunCar Technology Group Inc. Announces Business Cooperation with Li Auto for Advanced System Software Development

SunCar Technology Group Inc. - Ordinary Shares (SDA) 
Company Research Source: PR Newswire
NEW YORK, Feb. 21, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced a new business cooperation (the "Agreement") through its wholly owned subsidiary, Shanghai Chengle Network Technology Co., Ltd. with Beijing Li Auto Insurance Brokerage Company ("Li Auto Insurance"). This partnership focuses on developing a state-of-the-art information technology system for insurance brokerage, symbolizing a significant stride in technological advancement and operational efficiency within the insurance sector.This Agreement has a total consideration of RMB 1.74 million (approximately USD 0.24 million). Under this Agreement, SunCar and Li Auto Insurance are set to collaborate on developing the 'Li Auto Insurance's Broker System'. This cutting-edge project, slated for completion by November 15, 2024, entails a comprehensive sof Show less Read more
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