SunCar Wins Contract to Build Insurance Platform for Major EV Maker Leapmotor
SunCar Technology Group (NASDAQ: SDA) has secured a contract to develop and operate the insurance management platform for Leapmotor (09863.HK), a major Chinese electric vehicle manufacturer. The platform will be integrated into Leapmotor's mobile app ecosystem, managing insurance issuance, claims processing, and accident services.
Leapmotor has shown significant growth, delivering 293,724 vehicles in 2024, representing a 104% year-over-year increase, with monthly deliveries exceeding 40,000 units in Q4 2024. The company generated over 20 billion HKD in revenue in 2024.
This agreement expands SunCar's existing partnership with Leapmotor beyond traditional insurance agency services to provide core technology infrastructure. The new platform will automate policy issuance and renewal, enable digital claims processing, and coordinate post-accident services for Leapmotor's growing customer base.
SunCar Technology Group (NASDAQ: SDA) ha ottenuto un contratto per sviluppare e gestire la piattaforma di gestione delle assicurazioni per Leapmotor (09863.HK), un importante produttore cinese di veicoli elettrici. La piattaforma sarà integrata nell'ecosistema dell'app mobile di Leapmotor, gestendo l'emissione delle polizze, il trattamento dei sinistri e i servizi post-incidente.
Leapmotor ha mostrato una crescita significativa, consegnando 293.724 veicoli nel 2024, con un aumento del 104% rispetto all'anno precedente, superando le 40.000 unità consegnate mensilmente nel quarto trimestre del 2024. L'azienda ha generato oltre 20 miliardi di HKD di fatturato nel 2024.
Questo accordo amplia la partnership esistente di SunCar con Leapmotor, oltre i tradizionali servizi di agenzia assicurativa, per fornire un'infrastruttura tecnologica fondamentale. La nuova piattaforma automatizzerà l'emissione e il rinnovo delle polizze, abiliterà il trattamento digitale dei sinistri e coordinerà i servizi post-incidente per la crescente base di clienti di Leapmotor.
SunCar Technology Group (NASDAQ: SDA) ha conseguido un contrato para desarrollar y operar la plataforma de gestión de seguros para Leapmotor (09863.HK), un importante fabricante chino de vehículos eléctricos. La plataforma se integrará en el ecosistema de la aplicación móvil de Leapmotor, gestionando la emisión de seguros, el procesamiento de reclamaciones y los servicios de accidentes.
Leapmotor ha mostrado un crecimiento significativo, entregando 293,724 vehículos en 2024, lo que representa un aumento del 104% interanual, con entregas mensuales que superan las 40,000 unidades en el cuarto trimestre de 2024. La compañía generó más de 20 mil millones de HKD en ingresos en 2024.
Este acuerdo amplía la asociación existente de SunCar con Leapmotor más allá de los servicios tradicionales de agencia de seguros para proporcionar la infraestructura tecnológica central. La nueva plataforma automatizará la emisión y renovación de pólizas, permitirá el procesamiento digital de reclamaciones y coordinará los servicios post-accidente para la creciente base de clientes de Leapmotor.
SunCar Technology Group (NASDAQ: SDA)는 Leapmotor (09863.HK), 중국의 주요 전기차 제조업체를 위한 보험 관리 플랫폼을 개발하고 운영하는 계약을 체결했습니다. 이 플랫폼은 Leapmotor의 모바일 앱 생태계에 통합되어 보험 발급, 클레임 처리 및 사고 서비스 관리를 담당합니다.
Leapmotor는 2024년에 293,724대의 차량을 인도하여 전년 대비 104% 증가한 상당한 성장을 보여주었으며, 2024년 4분기에는 월 40,000대 이상의 차량이 인도되었습니다. 이 회사는 2024년에 200억 HKD 이상의 수익을 올렸습니다.
이 계약은 SunCar가 Leapmotor와의 기존 파트너십을 전통적인 보험 대행 서비스에서 핵심 기술 인프라 제공으로 확대하는 것입니다. 새로운 플랫폼은 보험 발급 및 갱신을 자동화하고, 디지털 클레임 처리를 가능하게 하며, Leapmotor의 증가하는 고객 기반을 위한 사고 후 서비스를 조정할 것입니다.
SunCar Technology Group (NASDAQ: SDA) a obtenu un contrat pour développer et exploiter la plateforme de gestion des assurances pour Leapmotor (09863.HK), un important fabricant chinois de véhicules électriques. La plateforme sera intégrée dans l'écosystème de l'application mobile de Leapmotor, gérant l'émission des assurances, le traitement des réclamations et les services d'accidents.
Leapmotor a montré une croissance significative, livrant 293 724 véhicules en 2024, ce qui représente une augmentation de 104 % par rapport à l'année précédente, avec des livraisons mensuelles dépassant les 40 000 unités au quatrième trimestre 2024. L'entreprise a généré plus de 20 milliards de HKD de revenus en 2024.
Ce contrat élargit le partenariat existant de SunCar avec Leapmotor au-delà des services d'agence d'assurance traditionnels pour fournir une infrastructure technologique essentielle. La nouvelle plateforme automatisera l'émission et le renouvellement des polices, permettra le traitement numérique des réclamations et coordonnera les services post-accident pour la clientèle croissante de Leapmotor.
SunCar Technology Group (NASDAQ: SDA) hat einen Vertrag zur Entwicklung und zum Betrieb der Versicherungsmanagementplattform für Leapmotor (09863.HK), einen bedeutenden chinesischen Hersteller von Elektrofahrzeugen, gesichert. Die Plattform wird in das mobile App-Ökosystem von Leapmotor integriert und verwaltet die Ausstellung von Versicherungen, die Bearbeitung von Schadensfällen und die Unfallservices.
Leapmotor hat ein signifikantes Wachstum gezeigt und 2024 insgesamt 293.724 Fahrzeuge ausgeliefert, was einem Anstieg von 104 % im Vergleich zum Vorjahr entspricht, mit monatlichen Auslieferungen von über 40.000 Einheiten im 4. Quartal 2024. Das Unternehmen erzielte im Jahr 2024 einen Umsatz von über 20 Milliarden HKD.
Diese Vereinbarung erweitert die bestehende Partnerschaft von SunCar mit Leapmotor über traditionelle Versicherungsagentur-Dienstleistungen hinaus und bietet eine zentrale technologische Infrastruktur. Die neue Plattform wird die Ausstellung und Erneuerung von Policen automatisieren, die digitale Schadensbearbeitung ermöglichen und die Nachunfallservices für die wachsende Kundenbasis von Leapmotor koordinieren.
- Secured major contract with fast-growing EV maker Leapmotor
- Expansion from service provider to technology infrastructure partner
- Integration into Leapmotor's ecosystem provides recurring revenue potential
- Partnership with company showing 104% YoY growth in deliveries
- None.
Leapmotor, founded in 2015, is a rising force in
This contract expands SunCar's existing partnership with Leapmotor, moving beyond traditional insurance agency services to provide core technology infrastructure. The platform will serve Leapmotor's rapidly growing customer base, which has expanded through the company's strategy of offering affordable electric vehicles to
The new platform centralizes Leapmotor's insurance operations by automating policy issuance and renewal, enabling digital claims processing, coordinating post-accident services, and integrating seamlessly with Leapmotor's customer app.
"This contract transforms our relationship with Leapmotor from service provider to technology partner," said Ye Zaichang, Chairman and CEO of SunCar Technology. "By powering their insurance infrastructure, we're positioned to grow alongside yet another one of
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.
Forward-Looking Statements
This press release contains 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
U.S. Investor Relations
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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