Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 130

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 130
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 innovative partnership with Xiaomi since early 2024. We have co-developed a bespoke insurance technology platform and initiated
sales of our embedded insurance product since Xiaomi’s first vehicle delivery in April 2024. We expect to expand this business by
developing more features and by turning more of our after-service and insurance clients and partners into our technology business clients.

Direct synergies between
our two major business segments

We believe that our strong
capability in managing extensive networks of auto service providers across China is the engine of our dual platforms of auto eInsurance
and auto services. We believe it enables us to synergistically develop both of our business segments, as follows:

  Cost-effective end customer-acquisition for our auto eInsurance business by cross-engaging our auto service providers to provide referrals. Auto service providers such as car wash and beauty st...  

  Efficient promotion of our auto services by cross-selling to our insurance company clients. Insurance companies strive to promote their auto eInsurance products and enhance the loyalty of their...  

Our Value Propositions

We believe that our synergistic
double platform can provide unique values for enterprise customers and their end customers in the auto services and the auto eInsurance
markets. We strive to promote sustainable and healthy development of an integrated and digitalized service platform for car owners in
China.

Our value proposition
for our enterprise customers:

  One-stop, plug-in, round-the-clock service enablement. Our service solutions contain diverse service selections, provided 24/7 across China, empowering our customers with round-the-clock, on-de...  
  Simple, convenient and cost-efficient service process. The management believes we have built and enabled an extensive network of quality auto service providers and set up stringent service stan...  
  Quality auto services to end customers of our customers to increase their loyalty and satisfaction with our enterprise customers. We select quality auto service providers and monitor them with ...  

Our value proposition
for our auto service providers:

  Cost-effective customer acquisition. Once connected, our digital platform directs end consumers of our enterprise customers (i.e. members of their loyalty and reward programs) to visit the stor...  
  Online management tools for efficient operation. We provide our auto service providers online management tools to streamline their workflow and improve business efficiency. Although we have pla...  
  Referral fees for our auto eInsurance business. Auto service providers on our platform can also act as referral service providers for our auto eInsurance business. They refer their end consumer...  

Our value proposition
for our insurance company clients:

  Ext