SunCar Technology Group Expands Services for SRCB's Valued Clients

SunCar Technology Group Inc., recognized as a frontrunner in cloud-based B2B auto services in China, has recently secured a significant contract to provide premium concierge transportation services for the esteemed clientele of Shanghai Rural Commercial Bank (SRCB). This collaboration represents a vital milestone in their ongoing partnership, which has flourished since its inception in 2014.

Over the course of nearly a decade, SunCar has developed a deep understanding of SRCB's needs, delivering a variety of bespoke services tailored to the bank's customers. These include designated driver assistance, transfers to high-speed rail stations, and international airport transportation specifically for credit card holders. Moreover, SunCar has played a crucial role in creating SRCB's authentic car owner service platform, thereby consolidating its position as a reliable partner that offers innovative and high-caliber solutions.

In October 2023, SRCB initiated a transformative strategy, restructuring its retail operations into specialized areas such as Retail Finance, Wealth Management & Private Banking, Personal Loan Services, and Base Customer Management. This restructuring included the integration of credit card services into SRCB's broader retail business framework, enhancing the loyalty points and benefits systems spearheaded by the Retail Finance Division.

Amid this transition, SunCar successfully bid to manage SRCB's retail points-based travel benefits, which encompass concierge car services, designated driver support, and exclusive VIP lounge access. By renewing this partnership, SunCar reaffirms its dedication to delivering exceptional and professional travel experiences that cater to the unique requirements of SRCB's valued customers.

Ye Zaichang, the Chairman and CEO of SunCar Technology Group, expressed pride in the expanded partnership with SRCB, emphasizing the firm’s commitment to enhancing value for the bank's VIP clients. He stated, "This new agreement not only extends our thriving relationship with SRCB but also strengthens our resolve to drive growth within the financial services sector by offering seamless, customer-centric solutions."

Founded in 2007, SunCar is on a mission to revolutionize how customers engage with auto services and insurance in China, the world's largest market for passenger vehicles. The company is dedicated to developing advanced cloud-based platforms that effectively connect drivers with a diverse portfolio of auto services and insurance options, accessible through a nationwide network of sales partners. Through this extensive network and innovative approach, SunCar has emerged as the market leader in B2B auto services and e-insurance for electric vehicles in China, continuously empowering enterprise clients to efficiently manage their customer databases while providing drivers with a wealth of service options at their fingertips.

Notably, this announcement highlights both the esteemed partnership between SunCar and Shanghai Rural Commercial Bank and the significant steps being taken to enhance the banking sector's service offerings. With a joint focus on client satisfaction and innovation, SunCar and SRCB look ahead to a future of continued success and enhanced customer experience.