SunCar Secures Exclusive $6.8 Million Contract for Walmart China's 2025 Sam's Club Premium Membership Car Wash Project Across 17 Cities
SunCar Technology Group (NASDAQ: SDA) has secured an exclusive $6.8 million contract with Walmart China for their 2025 Sam's Club Premium Membership Car Wash Project. The agreement covers premium car wash services across 17 Chinese cities, including major locations like Shanghai, Shenzhen, and Guangzhou.
The contract, valued at approximately 49 million RMB, builds upon over a year of existing partnership between SunCar and Walmart. The selection of SunCar as the exclusive provider highlights the company's technological capabilities and service quality in the automotive after-service sector. Chairman and CEO Ye Zaichang expressed plans to expand the collaboration beyond traditional automotive services to meet evolving customer needs.
SunCar Technology Group (NASDAQ: SDA) ha ottenuto un contratto esclusivo del valore di 6,8 milioni di dollari con Walmart Cina per il loro progetto di lavaggio auto Premium Membership di Sam's Club del 2025. L'accordo prevede servizi di lavaggio auto premium in 17 città cinesi, comprese località principali come Shanghai, Shenzhen e Guangzhou.
Il contratto, del valore approssimativo di 49 milioni di RMB, si basa su oltre un anno di partenariato esistente tra SunCar e Walmart. La scelta di SunCar come fornitore esclusivo mette in evidenza le capacità tecnologiche dell'azienda e la qualità del servizio nel settore dei servizi post-vendita automobilistici. Il Presidente e CEO Ye Zaichang ha espresso l'intenzione di espandere la collaborazione oltre i servizi automobilistici tradizionali per soddisfare le esigenze in evoluzione dei clienti.
SunCar Technology Group (NASDAQ: SDA) ha firmado un contrato exclusivo de 6,8 millones de dólares con Walmart China para su proyecto de lavado de autos Premium Membership de Sam's Club para 2025. El acuerdo abarca servicios de lavado de autos premium en 17 ciudades chinas, incluyendo lugares importantes como Shanghái, Shenzhen y Cantón.
El contrato, valorado en aproximadamente 49 millones de RMB, se basa en más de un año de asociación existente entre SunCar y Walmart. La selección de SunCar como proveedor exclusivo resalta las capacidades tecnológicas y la calidad de servicio de la compañía en el sector de servicios post-venta automotrices. El Presidente y CEO Ye Zaichang expresó planes de ampliar la colaboración más allá de los servicios automotrices tradicionales para satisfacer las necesidades cambiantes de los clientes.
선카 테크놀로지 그룹 (NASDAQ: SDA)는 월마트 중국과 2025년 샘스 클럽 프리미엄 멤버십 세차 프로젝트를 위한 680만 달러 계약을 체결했습니다. 이 계약은 상하이, 선전, 광저우를 포함한 17개 중국 도시에서 프리미엄 세차 서비스를 제공합니다.
약 4,900만 위안에 달하는 이 계약은 선카와 월마트 간의 1년 이상 지속된 파트너십을 기반으로 하고 있습니다. 선카가 독점 공급업체로 선정된 것은 자동차 애프터 서비스 분야에서 회사의 기술력과 서비스 품질을 강조합니다. 회장 겸 CEO인 예 자이창은 변화하는 고객 요구를 충족하기 위해 전통적인 자동차 서비스 이상의 협력 확대 계획을 밝힐 수 있었습니다.
SunCar Technology Group (NASDAQ: SDA) a obtenu un contrat exclusif de 6,8 millions de dollars avec Walmart Chine pour son projet de lavage de voiture Premium Membership de Sam's Club pour 2025. L'accord couvre les services de lavage de voiture premium dans 17 villes chinoises, y compris des lieux majeurs tels que Shanghai, Shenzhen et Guangzhou.
Le contrat, d'une valeur d'environ 49 millions de RMB, repose sur plus d'un an de partenariat existant entre SunCar et Walmart. La sélection de SunCar comme fournisseur exclusif met en avant les capacités technologiques de l'entreprise et la qualité du service dans le secteur des services après-vente automobile. Le président et PDG Ye Zaichang a exprimé des projets d'élargir la collaboration au-delà des services automobiles traditionnels pour répondre aux besoins évolutifs des clients.
SunCar Technology Group (NASDAQ: SDA) hat einen exklusiven Vertrag im Wert von 6,8 Millionen Dollar mit Walmart China für ihr Sam's Club Premium Membership Autowaschprojekt für 2025 abgeschlossen. Die Vereinbarung umfasst Premium-Autowaschdienste in 17 chinesischen Städten, einschließlich wichtiger Standorte wie Shanghai, Shenzhen und Guangzhou.
Der Vertrag, der auf etwa 49 Millionen RMB geschätzt wird, basiert auf über einem Jahr bestehender Partnerschaft zwischen SunCar und Walmart. Die Auswahl von SunCar als exklusiven Anbieter unterstreicht die technologischen Fähigkeiten des Unternehmens und die Servicequalität im Bereich der post-sale Automobilservices. Vorsitzender und CEO Ye Zaichang gab bekannt, dass er Plant, die Zusammenarbeit über traditionelle Automobildienstleistungen hinaus auszubauen, um den sich ändernden Bedürfnissen der Kunden gerecht zu werden.
- Secured exclusive $6.8M contract with Walmart China
- Expanded presence across 17 major Chinese cities
- Strategic partnership with established global retail brand
- Potential for service category expansion beyond current offerings
- None.
Insights
Operating across 17 major Chinese cities creates a substantial footprint that could lead to service expansion opportunities. The contract demonstrates strong unit economics - Sam's Club members typically represent higher-income consumers with greater spending power, potentially leading to upselling opportunities in additional automotive services.
The existing year-long partnership suggests operational synergy and proven execution capability. For investors, this validates SunCar's business model and could serve as a blueprint for similar partnerships with other retail giants. The contract's exclusivity creates a competitive moat and positions SunCar as a premium service provider in the fragmented Chinese automotive after-service market.
This deal marks a significant milestone in China's retail-automotive services convergence. Sam's Club's premium membership in China has shown remarkable growth, with their stores typically located in tier-1 and tier-2 cities where car ownership is highest. The strategic selection of cities like Shanghai, Shenzhen and Guangzhou targets affluent consumers who prioritize quality service.
The partnership positions SunCar at the intersection of two powerful trends: the rise of premium membership models in China and the growing demand for professional car care services. The contract's timing aligns with China's post-COVID consumer behavior shift toward premium services and convenience-focused solutions. This could create a ripple effect, potentially influencing other retailers to adopt similar service integration models.
The collaboration builds on over a year of partnership between SunCar Technology and Walmart. Walmart's decision to award this exclusive Contract reflects its recognition of SunCar's advanced platform technology, efficient service processes, and consistent delivery of high-quality solutions.
"We are honored to be entrusted by Walmart China to provide premium services to their distinguished Sam's Club members," said Ye Zaichang, Chairman and CEO of SunCar. "We will focus on delivering a seamless, convenient, and high-quality car wash experience, further enhancing the value of the Sam's Club Premium Membership while strengthening our presence in the automotive after-market services segment. Looking ahead, we will work diligently to expand this collaboration to include additional service categories beyond traditional automotive after-services, catering to evolving customer needs."
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.
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