SunCar Strengthens its Market Position by Joining CADCC as Vice-Chairman

SunCar Joins China Auto Dealers Chamber of Commerce

On January 16, 2025, SunCar Technology Group Inc. (NASDAQ: SDA), a distinguished player in cloud-based B2B auto services and auto e-insurance in China, announced a significant milestone in its strategic growth. The company has officially become a vice-chairman member of the China Auto Dealers Chamber of Commerce (CADCC), joining an elite group of 40 members recognized for their leadership in the automotive sector. This partnership is poised to enhance SunCar's influence in both the New Energy Vehicle (NEV) domain and the traditional fuel vehicle market, paving the way for innovative collaborations and expansive market reach.

China, with over three billion fuel vehicles in operation, presents a vast opportunity within the traditional automotive sector. By linking with CADCC, SunCar not only fortifies its standing within the burgeoning NEV landscape but also taps into CADCC’s comprehensive network of fuel vehicle dealerships. This dual-market approach allows SunCar to meet varied consumer needs while fostering innovation within the automotive industry.

CADCC, founded in 2006, is a national organization representing over 2,000 members, including approximately 8,000 4S dealerships across China. It plays a vital role in connecting dealers, manufacturers, and consumers, while promoting sustainable growth and innovation in the industry. As a vice-chairman member, SunCar will work alongside other prominent enterprises to focus on policies, training, and international exchanges in the automotive arena.

Ye Zaichang, the Chairman and CEO of SunCar, emphasized at the press conference that this partnership reflects the company’s core commitment to bridging the gap between the fuel vehicle and NEV markets. He stated, "This collaboration not only represents a significant leap in our strategic development, but it also positions us to meet the evolving demands of our consumers. Our goal is to utilize this opportunity to drive sustainable growth and enhance our industry competitiveness."

The membership also enables SunCar to actively engage in industry discussions, market initiatives, and policy exchanges, further solidifying its place within the auto market. The company has plans to collaborate with other CADCC members to pool resources and create tailored solutions that cater specifically to the unique characteristics of NEVs and traditional fuel vehicles. This integrated approach is designed to foster synergy across the entire automotive industry, ultimately benefiting all stakeholders involved.

Founded in 2007, SunCar has been at the forefront of transforming the customer experience in auto services and insurance in China, the world's largest passenger vehicle market. Its cloud-based platforms connect drivers with a myriad of auto services through a nationwide network of sales partners. This innovative system has allowed SunCar to emerge as the market leader in B2B auto services and the eInsurance market for electric vehicles.

The company’s intelligent cloud platform offers enterprise clients the ability to access and efficiently manage their customer databases and service offerings. Additionally, it empowers drivers to access hundreds of services from a multitude of independent providers via a streamlined application.

For further insights into SunCar’s offerings and initiatives, interested parties can visit SunCar's official website.

Conclusion

SunCar’s integration into the China Auto Dealers Chamber of Commerce marks a critical step in its development trajectory. By strategically embracing both NEV and traditional vehicle markets, SunCar not only aims to meet the current demands but also anticipates future trends in the ever-evolving automotive landscape.