SunCar Technology Group Inc. (SDA), Monday announced that the company has secured a contract to develop and operate insurance management platform of Leapmotor, an electric vehicle manufacturer. The financial details of the deal were not disclosed.
With this contract, Leapmotor's insurance operations will be centralized by automating policy issuance and renewal, enabling digital claims processing, coordinating post-accident services, and integrating seamlessly with Leapmotor's customer app.
In the pre-market hours, SunCar's stock is trading at $5.22, up 3.37 percent on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.