SunCar Joins China Auto Dealers Chamber of Commerce as Vice-Chairman Member, Expanding Market Potential
SunCar Technology Group (NASDAQ: SDA) has joined the China Auto Dealers Chamber of Commerce (CADCC) as one of its 40 vice-chairman members. This strategic move positions SunCar to expand its presence in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets in China, where over 3 billion fuel vehicles are currently in circulation.
CADCC, established in 2006, is a national-level organization under the All-China Federation of Industry and Commerce, representing over 2,000 members and nearly 8,000 4S dealerships. The organization serves as a bridge between dealers, manufacturers, and consumers, offering services including policy advocacy, training, and international exchanges.
As stated by Chairman and CEO Ye Zaichang, this partnership represents a strategic development step, aiming to bridge fuel vehicle and NEV markets while fostering industry collaboration. The membership provides SunCar with opportunities for industry exchanges, policy discussions, and market initiatives development.
SunCar Technology Group (NASDAQ: SDA) è entrata a far parte della Camera di Commercio dei Concessionari Auto Cinesi (CADCC) come uno dei suoi 40 membri vice-presidente. Questa mossa strategica posiziona SunCar per espandere la sua presenza sia nel mercato dei Veicoli Elettrici Novità (NEV) che in quello dei veicoli a combustione tradizionali in Cina, dove attualmente circolano oltre 3 miliardi di veicoli a combustione.
La CADCC, costituita nel 2006, è un'organizzazione a livello nazionale sotto la Federazione Cinese dell'Industria e del Commercio, che rappresenta oltre 2.000 membri e quasi 8.000 concessionarie 4S. L'organizzazione funge da ponte tra concessionari, produttori e consumatori, offrendo servizi tra cui advocacy politica, formazione e scambi internazionali.
Come dichiarato dal Presidente e Amministratore Delegato Ye Zaichang, questa partnership rappresenta un passo di sviluppo strategico, volto a collegare i mercati dei veicoli a combustione e dei NEV, favorendo al contempo la collaborazione nel settore. L'appartenenza fornisce a SunCar opportunità per scambi industriali, discussioni politiche e sviluppo di iniziative di mercato.
SunCar Technology Group (NASDAQ: SDA) se ha unido a la Cámara de Comercio de Concesionarios de Automóviles de China (CADCC) como uno de sus 40 miembros vicepresidentes. Este movimiento estratégico posiciona a SunCar para expandir su presencia tanto en el mercado de Vehículos de Nueva Energía (NEV) como en el de vehículos de combustible tradicional en China, donde actualmente circulan más de 3 mil millones de vehículos de combustible.
La CADCC, establecida en 2006, es una organización a nivel nacional bajo la Federación China de Industria y Comercio, que representa a más de 2,000 miembros y casi 8,000 concesionarios 4S. La organización actúa como un puente entre concesionarios, fabricantes y consumidores, ofreciendo servicios que incluyen defensa de políticas, capacitación e intercambios internacionales.
Como afirmó el Presidente y CEO Ye Zaichang, esta asociación representa un desarrollo estratégico, con el objetivo de conectar los mercados de vehículos de combustible y NEV, fomentando la colaboración en la industria. La membresía proporciona a SunCar oportunidades para intercambios industriales, discusiones políticas y desarrollo de iniciativas de mercado.
SunCar Technology Group (NASDAQ: SDA)는 중국 자동차 딜러 상공 회의소 (CADCC)에 40명의 부회장 중 하나로 가입했습니다. 이 전략적 결정은 SunCar가 현재 30억 대 이상의 연료 차량이 유통되고 있는 중국의 신 에너지 차량 (NEV) 및 전통 연료 차량 시장에서 입지를 확장할 수 있도록 합니다.
CADCC는 2006년에 설립된 국가 차원의 조직으로, 중국 산업 및 상업 연합 하에 있으며 2,000명 이상의 회원과 거의 8,000개의 4S 대리점을 대표합니다. 이 조직은 딜러, 제조업체 및 소비자 간의 다리 역할을 하며, 정책 옹호, 교육 및 국제 교류와 같은 서비스를 제공합니다.
회장 겸 CEO인 예자이창은 이 파트너십이 연료 차량과 NEV 시장을 연결하고 산업 협력을 촉진하는 것을 목표로 하는 전략적 발전 단계를 나타낸다고 말했습니다. 이 회원 자격은 SunCar에 산업 교류, 정책 논의 및 시장 이니셔티브 개발의 기회를 제공합니다.
SunCar Technology Group (NASDAQ: SDA) a rejoint la Chambre de Commerce des Concessionnaires Automobiles de Chine (CADCC) en tant que l'un de ses 40 membres vice-présidents. Ce mouvement stratégique positionne SunCar pour étendre sa présence à la fois sur le marché des Véhicules à Énergie Nouvelle (NEV) et sur celui des véhicules à carburant traditionnel en Chine, où plus de 3 milliards de véhicules à carburant circulent actuellement.
La CADCC, fondée en 2006, est une organisation nationale sous la Fédération Chinoise de l'Industrie et du Commerce, représentant plus de 2 000 membres et près de 8 000 concessions 4S. L'organisation sert de pont entre les concessionnaires, les fabricants et les consommateurs, offrant des services tels que le plaidoyer politique, la formation et les échanges internationaux.
Comme l'a déclaré le Président et PDG Ye Zaichang, ce partenariat représente une étape de développement stratégique, visant à relier les marchés des véhicules à carburant et des NEV, tout en favorisant la collaboration dans l'industrie. L'adhésion offre à SunCar des opportunités pour des échanges industriels, des discussions politiques et le développement d'initiatives de marché.
SunCar Technology Group (NASDAQ: SDA) ist der China Auto Dealers Chamber of Commerce (CADCC) als eines von 40 Vizevorsitzenden-Mitgliedern beigetreten. Dieser strategische Schritt positioniert SunCar, um seine Präsenz sowohl im Markt für Neue Energiefahrzeuge (NEV) als auch im Markt für traditionelle Kraftfahrzeuge in China auszubauen, wo derzeit über 3 Milliarden Kraftfahrzeuge im Umlauf sind.
Die CADCC wurde 2006 gegründet und ist eine nationale Organisation unter der All-China Federation of Industry and Commerce, die über 2.000 Mitglieder und nahezu 8.000 4S-Händler vertritt. Die Organisation fungiert als Brücke zwischen Händlern, Herstellern und Verbrauchern und bietet Dienstleistungen an, darunter politische Interessenvertretung, Schulungen und internationale Austauschprogramme.
Wie der Vorsitzende und CEO Ye Zaichang erklärte, stellt diese Partnerschaft einen strategischen Entwicklungsschritt dar, der darauf abzielt, die Märkte für Kraftfahrzeuge und NEV miteinander zu verbinden und die Zusammenarbeit in der Branche zu fördern. Die Mitgliedschaft bietet SunCar Möglichkeiten für branchenspezifische Austausche, politische Diskussionen und die Entwicklung von Marktinitiativen.
- Gained strategic position as vice-chairman member in CADCC, accessing network of 8,000 4S dealerships
- Expanded market reach into both NEV and traditional fuel vehicle sectors in China
- Enhanced industry influence through partnership with national-level organization
- None.
Insights
The CADCC membership represents a strategic move that enhances SunCar's market positioning and network access in China's automotive sector. With 3 billion fuel vehicles in circulation and 8,000 4S dealerships within CADCC's network, this creates substantial opportunities for SunCar's B2B auto services and e-insurance products.
The vice-chairman position among just 40 members grants SunCar privileged access to industry insights and decision-making processes. This is particularly valuable given China's automotive market dynamics, where traditional fuel vehicles still dominate despite the rapid NEV growth. The dual-market strategy (NEV + traditional) positions SunCar to capture revenue streams from both segments while diversifying market risks.
For investors, this institutional alignment strengthens SunCar's competitive moat through: 1) Enhanced distribution channels via CADCC's dealer network, 2) Early access to policy developments affecting the auto sector and 3) Improved brand credibility in the B2B space. However, the real value will depend on SunCar's execution in monetizing these new relationships.
With over 3 billion fuel vehicles in circulation in
Founded in 2006, the China Automobile Dealers Chamber of Commerce (CADCC) is a national-level organization under the All-China Federation of Industry and Commerce, representing over 2,000 members, including nearly 8,000 4S dealerships. CADCC serves as a key bridge between dealers, manufacturers, and consumers, promoting innovation, sustainable growth, and industry collaboration while offering services such as policy advocacy, training, and international exchanges. As a vice-chairman member, SunCar joins an exclusive group of enterprises recognized for their exceptional contributions and leadership in the automotive circulation field.
"This partnership is a major step in our strategic development," Ye Zaichang, Chairman and CEO of SunCar, stated at the press conference. "It reflects our commitment to bridging the fuel vehicle and NEV markets, fostering collaboration with industry leaders, and meeting the evolving demands of consumers. We aim to leverage this opportunity to drive sustainable growth and innovation while enhancing the overall competitiveness of the industry."
Membership in CADCC provides SunCar with a valuable platform for engaging in industry exchanges, policy discussions, and market initiatives. The company plans to collaborate with other members to share resources and develop tailored solutions for both NEVs and fuel vehicles. By addressing the unique characteristics of each market segment, SunCar seeks to create synergies that benefit the broader automotive industry.
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in
Forward-Looking Statements
This press release may contain information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.
Contact Information:
SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE SunCar Technology Group Inc.
FAQ
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