SunCar Technology Group Inc. (SDA), a China-based digital automotive services company announced on Thursday that it has secured a ¥14 million (US$1.93 million) contract to manage China Construction Bank's car wash program in Hunan province. The two-year agreement, extending through December 2026, strengthens SunCar's ongoing collaborations with CCB in Fujian and Yunnan provinces.
Under the agreement, SunCar will offer exclusive car wash services to CCB Hunan's Long Card members through its service network. This initiative builds on SunCar's success in Yunnan, where its digital platform is integrated with CCB's banking services to enhance customer convenience.
This new contract marks another step in SunCar's evolution from a traditional benefits provider to an "automotive ecosystem operator," seamlessly integrating banking services, digital payments, and physical car care into a single platform.
SunCar Technology CEO Ye Zaichang stated that the Hunan contract highlights the company's capability to expand its banking partnerships nationwide. He emphasized that by linking CCB's vast customer base with SunCar's service network, the company is setting a new benchmark for integrated services.
SDA is currently trading at $5.2 or 1.96% higher on the Nasdaq Capital Market.
For comments and feedback: editorial@rttnews.com