Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 138

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 138
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 our customer base
as well as our service and sales network. Our long-term focus is to digitalize all our internal workflow as well as the related business
processes of our partners, empowering them with efficient and user-friendly tools and systems. We continue to adopt more cutting-edge
technologies in AI, big data and robotics process automation (RPA) to iteratively upgrade our digital platform for new features and better
performance.

Expand the technology business. We have based our technology business on our industry knowledge and insights, and our library of proven online tools and digital systems
already widely adopted by our customers and partners. We have setup modular online management tools such as customer relationship management
(CRM), order management, finance management and visual analysis systems, based on our proprietary hybrid cloud platform. All of our auto
service providers and insurance sales partners use all or some of these online tools to manage their daily work, allowing us the opportunity
to monetize the online software we built. We have already generated revenue by monetizing our technology-based products into paid technology
services. We plan to further develop our SaaS business model.

Benefit from the EV trend. We believe that the auto industry is transforming from traditional vehicles to electric and smart vehicles, which cascades to transformations
in the service and insurance value chains. The emerging EV players strongly emphasize online service capability embedded in the apps of
OEMs or directly from car panels. The comprehensive data generated and collected from EVs also drive innovation of EV insurance. We are
now closely working with top tier EV and smart panel players in China, adding new services (such as battery maintenance and battery change)
into our service solutions embedded in car owner apps or car panels.

Business Potential from EV OEMs

Incentivized by government
regulations aiming for carbon neutrality and emission peak, EV manufacturers, both emerging players as well as traditional auto manufacturers,
are quickly upscaling in China. With this, as well as the rising development of EV infrastructures, EVs have become increasingly mainstream
and popular among Chinese consumers. We believe that as the EVs go down in cost and improve in performance with advancing technology,
market demand is expected to grow further.

As our business is closely
connected to the auto industry, we have embraced the recent trends of electric and smart vehicles. We are now working with 20 mainstream
EV and smart car panel players (out of a total of approximately 200 EV OEMs in China, for a total market volume of over 10 million units
of