Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 76

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 76
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2). With this extensive service
network, we serve over 1,400 enterprise customers.

We have built up our business
as a digitalized, technology-driven provider of online platforms that enable and facilitate B2B services. We have secured 160 registered
copyrights of computer software. Our proprietary technology solution is centered on our multi-tenant platform and our cloud infrastructure.
On the auto services side, our digital platform provides API docking, front-end plug-in and module integration for our enterprise customers,
as well as efficient, user friendly management and operations tools for our service providers. On the auto eInsurance side, our platform
empowers our insurance company clients to manage all aspects of their business including customer orders, products, commissions, and reports.
For insurance purchasers, our online insurance interface provides data-driven, AI-empowered real time quotation, pricing, underwriting
and payment, by connecting to our market-wide insurer clients and the full spectrum of their policy selections. Our AI-empowered hybrid
cloud infrastructure provides the secure storage and computation to support the demands by both insurance companies as well as end customers.

We have started making our
technologies into a new business line. With growing demands to efficiently manage their businesses, our auto service providers are now
paying for our online tools to streamline their business workflows, manage their customer relationships and automate orders processing.
With the iterative upgrades of our technology, we are working on developing more SaaS model product offerings and plan to gradually turn
our auto service providers into our technology customers.

We believe the cross-utilizations
and interconnections between our auto service and auto eInsurance business lines enable positive feedback loops between them and symbiotic
growth of both. While we are developing our nation-wide auto service provider network, these service providers become our sales partners
of our auto eInsurance business. Conversely, when we engage with insurance companies to sell their insurance products, we also engage
them as clients of our auto service solutions. We believe our synergistic business development will boost our sales channels as well as
client network in both of our business segments.

As our business is closely
connected to the auto industry, we have also embraced the recent trends of electric and smart vehicles. We are now working with 20 mainstream
EV and smart car panel players, embedding our auto service solutions into their online applications and panels, and providing various
insurance products to EV owners.

Our Business Model and Business Segments

The diagram below demonstrates
models of our auto eInsurance business and our auto services business,