SunCar Technology (SDA) Company Overview

NEW YORK , Feb. 5, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced the pricing of its previously announced public offering of 7,142,858 Class A ordinary shares (the "Offering") for total expected gross proceeds of approximately $50 million before underwriting discounts and commissions and offering expenses. In connection with the Offering, SunCar has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,071,429 Class A ordinary shares.

NEW YORK , Jan. 21, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, today announced the appointment of Mr. Breaux Walker as the Company's Chief Strategy Officer (CSO), effective January 13, 2025.

NEW YORK , Jan. 16, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the Company has officially joined the China Auto Dealers Chamber of Commerce (CADCC) as one of its 40 "vice-chairman" members. This milestone solidifies SunCar's influence in the automotive industry and sets the stage for strategic growth in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets.

NEW YORK , Dec. 18, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that it has been awarded a bid to provide premium concierge transportation services for Shanghai Rural Commercial Bank's ("SRCB") valued clientele. This milestone extends the partnership between SunCar and SRCB, which has thrived since 2014.

NEW YORK , Nov. 11, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic partnership with Wuhan JIDU Automobile Service Co. LTD. ("Wuhan JIDU"), to provide its cutting-edge insurance technology platform to auto buyers and customers across China.

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced its selection by the Space Development Agency (SDA) for an Other Transaction (OT) agreement to compete for upcoming prototype demonstration projects under the Hybrid Acquisition for proliferated Low-earth Orbit.

Iridium Communications Inc. IRDM and General Dynamics Mission Systems (“GDMS”) have jointly received a $491.6 million contract modification from the Space Development Agency (“SDA”) for its Ground Management and Integration (GMI) program, which supports the Proliferated Warfighter Space Architecture (PWSA). Iridium's share of this total is valued at $239 million over five years.

Drives Consumer Spending Over RMB 70 million (US$9.9 million) for ICBC Shaanxi Branch NEW YORK , Oct. 15, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced its successful development and expansion of its collaboration with the Shaanxi Branch of the Industrial and Commercial Bank of China (ICBC) through its "Shaanxi Benefits" platform (the "Platform"). This partnership extends beyond previous car-washing projects into a broader, multi-platform cooperation.

NEW YORK , Aug. 20, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that the Company will be presenting at the upcoming Emerging Growth Conference on August 22, 2024 at 9:05am ET. SunCar's management team will present key developments and initiatives that have shaped the Company's growth trajectory in recent months, focusing on SunCar's innovative cloud-based platform, which is driving the transformation of B2B auto services and e-insurance in a rapidly digitalizing auto market in China.