SunCar's Collaboration with TikTok parent, ByteDance, Brings Powerful AI Technology to China's Auto Insurance and Auto Services Markets
SunCar Technology Group Inc. - Ordinary Shares (SDA)
Company Research
Source: PR Newswire
NEW YORK, Oct. 20, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leader in digitalizing auto insurance and auto services, has signed an AI technology cooperation agreement with Volcano Engine, ByteDance's enterprise technology service platform, integrating ByteDance's Doubao Large Language Model ("LLM") into the Company's core services. This collaboration marks a critical milestone in the Company's AI-based, next-generation digitalization strategy. Doubao LLM's multimodal AI capability, combined with SunCar's industry-specific intelligent cloud, allows the Company to add significant new AI-based capabilities to its automotive services dispatch system, auto insurance SaaS solutions, and user interfaces. Together, these innovations will strengthen the Company's leadership position in China's auto insurance and auto services sectors. Applications for Auto Ins
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News
- SunCar’s Investment in its AI Technology Development Center Driving Strong Premium Sales for its EV PartnersGlobeNewswire
- SunCar Technology Group (NASDAQ:SDA) had its price target lowered by analysts at BTIG Research from $12.00 to $6.00. They now have a "buy" rating on the stock.MarketBeat
- SunCar Announces First Half 2025 Financial ResultsGlobeNewswire
- SunCar Technology Group (NASDAQ:SDA) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Private companies account for 41% of SunCar Technology Group Inc.'s (NASDAQ:SDA) ownership, while individual investors account for 32% [Yahoo! Finance]Yahoo! Finance
SDA
Analyst Actions
- 10/29/25 - BTIG
SDA
Sec Filings
- 11/21/25 - Form SCHEDULE
- 10/27/25 - Form 6-K
- 9/18/25 - Form 6-K
- SDA's page on the SEC website