SunCar in Green Following Beijing Conference
SunCar Technology Group Inc. (NASDAQ: SDA) shares moved ahead Tuesday. The innovative leader in auto e-insurance and cloud-based B2B auto services in China participated in the National Automotive Circulation Industry New Year Forum and Consumer Promotion Conference in Beijing. The Company, serving as a vice president unit of the National Automotive Circulation Industry Association, was represented by Vice President Gu Saiye, who delivered a keynote address highlighting SunCarOnline's technological solutions that help dealers enhance customer retention, renewal rates, and profitability.The conference brought together over 400 industry stakeholders, including automotive dealer groups, manufacturers, pre-owned vehicle enterprises, financial and insurance institutions, aftermarket service providers, and automotive trade association representatives from across China. Attendees examined industry development trends and consumer promotion strategies, analyzed market conditions, and discussed implementing the 2025 auto trade-in policy to stimulate the automotive consumer market.In her presentation, Vice President Gu detailed how SunCar Technology enhances dealer competitiveness through its "SunCarInsurance" platform and showcased successful case studies integrating auto insurance into customer lifecycle management. The Company's technological solutions enable dealers to implement seamless sales and after-sales management, improving customer retention and remarketing efficiency. SunCar's "Car Butler" service and cloud-based customer service platform provide comprehensive dealer support while enhancing customer satisfaction and loyalty, thereby increasing renewal rates, claim rates, and service retention, all contributing to improved profitability.SDA shares gained 15 cents, or 3.2%, to $4.88.
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