Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 88

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 88
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 orders.

Grow our customer base
and expand our service partner network. The auto market in China is highly fragmented, with the top 5 auto services providers account
for less than half the market share. We intend to leverage our business scale to further expand and connect more service partners to our
network. We believe that such expansion would also benefit our online auto insurance business since many such service partners can become
our insurance sales and referral partners. We also believe our digital system, full-spectrum services and broad geographic coverage would
help us continue growth and deepen relationships with existing clients and partners.

Continue to invest in technology. Our business is built on a cloud-based, multi-tenant digital platform to which we have continued to integrate both 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