Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 90

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 90
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 body structure, which has created new types of auto services. We are
now working closely with both OEMs and our service providers to offer specific services for EV owners such as battery maintenance and
battery change.

Competition

The automobile auto eInsurance
market and the integrated auto service market in China are fragmented and competitive. We compete with online and offline insurance intermediaries
and insurance companies to sell insurance products. We also compete with other integrated auto service providers that offer similar services
as our auto services. As competition in China’s integrated auto service market intensifies, we believe that we are well positioned
to take advantage of opportunities in this growing industry due to our leading position in the market, our validated technologies, our
customer pool and years of experience and industry knowledge from our management team.

Our Technology

We believe that the success
of our business is dependent on our technological capabilities which support us in streamlining workflow, delivering superior user experience,
securing information on our platforms, increasing operational efficiency and enabling innovations. Our cloud-based digital platform is
the foundation of our operations, and supports our entire transaction process. We adopt AI, hybrid cloud, big data and scalable technologies
to continuously and iteratively upgrade our systems. We have developed our digital systems and relevant online software and apps, which
include our hybrid cloud, online insurance interface, our auto apps, our order allocation system, the auto service modules imbedded in
the apps of our enterprise customers and various desktop and mobile applications utilized by our employees, clients and partners. Key
components of our technology systems include:

  Plug-in and flexible implementation: Our digital system empowers our enterprise customers with capability to implement the service solutions rapidly and cost-efficiently, with an average implem...  
  Secured Hybrid Cloud and Data: We developed our hybrid cloud to support our multi-tenant digital platform which process massive transactions every day. Since many of our customers are banking, ...  
  Innovation: We continue investing in R& D for innovative solutions for our customers and partners. Our auto eInsurance solution helps end customers finish the insurance purchase process within ...  
  Automation. We maintain a highly automated management process. For our auto eInsurance business, we imbedded modules with functions including real-time insurance premium quotes inquiry and unde...  
  Managing complexity. We believe our multi-tenants digital platform plays a critical role in managing the growing complexity of our business while meeting customer expectations. We are working w...  
  Cyber resilience. We have adopted various IT safety measures to