SunCar Technology Group Inc. Announces Strategic Cooperation With The Heilongjiang Branch Of The Agricultural Bank Of China

Author: Benzinga Newsdesk | November 13, 2023 09:17am

SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), a leading provider in digitalized automotive after-sales services and online auto insurance intermediation in China, is delighted to announce its recent strategic agreement with the Heilongjiang branch of Agricultural Bank of China. This one-year agreement marks a significant milestone in SunCar's expansion strategy within the financial services sector.

Key Collaboration Highlights:

• Comprehensive Service Offering: Under this agreement, SunCar is set to enhance the banking experience by offering a comprehensive package of services, including but not limited to car washes, designated driver provisions, and streamlined airport transfer solutions.
• Departmental Integration: Services will be integrated across various bank departments, including the Credit Card and Personal Banking departments.
• Blueprint for Expansion: The current exclusivity with the Heilongjiang branch presents a scalable model for potential future expansion across the Agricultural Bank of China's network, leveraging SunCar's solidified presence and proven success in the automotive service market.

Mr. YE Zaichang, Chairman and CEO of SunCar, commented, "we are excited to launch this program with the Heilongjiang branch of the Agricultural Bank of China, which stands as a testament to our commitment to innovation and customer service excellence. This cooperation demonstrates our strategy of integrating automotive and lifestyle services with leading institutions, creating a seamless and enriched experience for car owners. We believe that this program may extend to other branches in the future and look forward to the potential growth and expansion this partnership represents."

Posted In: SDA