Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 18

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 18
---
 business and auto eInsurance                   
 business largely depend on our relationships with our customers. |

| ● | We rely on our auto service providers and external                                                                            
 referral sources to operate our business, therefore our relationships with our service providers are crucial to our business. |

| ● | We are subject to customer concentration risk. |

| ● | We are subject to credit risks from our customers. |

| ● | Our negative net operating cash flows in the                                                                                     
 past may expose us to certain liquidity risks and could constrain our operational flexibility. See Risk Factor under such title. |

| ● | Any significant disruption in services on our                                                                                          
 apps, websites or computer systems, including events beyond our control, could materially and adversely affect our business, financial 
 condition and results of operation. See Risk Factor under such title.                                                                  |

| ● | If we are unable to manage our growth or execute                                                                                   
 our strategies effectively, our business and prospects may be materially and adversely affected. See Risk Factor under such title. |

<div align='center'>S-2</div>

| ● | We are an “emerging growth company”                                                                                              
 and we cannot be certain if the reduced disclosure requirements applicable to “emerging growth companies” will make our ordinary 
 shares less attractive to investors. See Risk Factor under such title.                                                           |

| ● | We may not be able to use certain of our leased        
 properties due to defects related to these properties. |

| ● | If we fail to protect our intellectual property                                                                                               
 rights and proprietary information, we may lose our competitive edge and our brand, reputation and operations may be materially and adversely 
 affected. See Risk Factor under such title.                                                                                                   |

Risks Related to SunCar’s Insurance Services

| ● | We participate in the business as an insurance                                                                                                
 intermediary, therefore, we only obtained necessary licenses for the sale of insurance, but these insurances do not allow us to create/modify 
 insurance products either.                                                                                                                    |

| ● | Our business is subject to regulation and administration                                                                                         
 by the China Banking and Insurance Regulatory Commission and other government authorities, and failure to comply with any applicable regulations 
 and rules by us could result in financial losses or harm to our business.                                                                        |

| ● | Misconduct of the external referral sources we                                                                                                 
 engaged to promote our auto eInsurance services is difficult to detect and deter and could harm our reputation or lead to regulatory sanctions 
 or litigation costs.                                                                                                                           |

| ● | Examinations and investigations by the PRC regulatory                                                                                  
 authorities may