SunCar Technology Group
- Company typePublic
- Founded2007
- HeadquartersShanghai, China
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
SunCar Technology Group firmographics
Firmographics- Name
- SunCar Technology Group
- Legal name
- SunCar Technology Group Inc.
- Website
- https://suncartech.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
SunCar Technology Group industry classification
Industry- Product category
- Auto Insurance Technology & Automotive Aftermarket Services
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Telematics & Usage-Based Insurance (UBI) Platforms (FSAGAGAF)
- akta.pro secondary industry
- Corporate Mobility & Ground Transport Management (THALANAI)
Keywords
Where SunCar Technology Group is headquartered
LocationHeadquarters
- HQ city
- Shanghai
- HQ country
- China
- HQ region
- Asia
Offices2 records
Markets served
SunCar Technology Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- EV Insurance Premium Revenue: SunCar generates revenue by managing auto insurance for EV brands, earning commissions and fees from insurance underwriting and management services. EV insurance premiums reached $514.4M in Q1 2026, growing 43% YoY. LTM EV premiums as of September 30, 2025 reached approximately $698 million.
- Concierge and Auto Services: Revenue from managing concierge chauffeur services for corporate clients like Agricultural Bank of China, including $50M three-year contract for managing all concierge chauffeur services across Private Banking, Personal Banking, and Credit Card Center divisions.
- B2B Auto Services Platform Fees: Platform fees from connecting auto service providers (48,000+) with enterprise clients, providing services across 300+ categories including car washing, maintenance, used car, roadside assistance, and designated driving services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise corporate contracts negotiated based on scope and volume |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
SunCar Technology Group product offering
Product offeringCore offering
SunCar Technology Group operates two core B2B platforms in China: the 车管家 (Car Butler) automotive aftermarket service platform connecting 48,000+ service providers across 2,800+ cities, and the 车险代理 (Auto Insurance Agency) platform partnering with 85 insurance companies for EV/auto insurance distribution. The Anji AI Center powers a Doubao-LLM-based Personalized Auto Insurance AI Agent that delivers policy discovery, underwriting, claims, dynamic pricing, and risk assessment across the full insurance lifecycle.
Product overview
SunCar Technology Group (NASDAQ: SDA) operates a dual-platform model consisting of the 车管家平台 (Car Butler Platform) for automotive aftermarket services and the 车险代理平台 (Auto Insurance Agency Platform) for auto insurance. The company has integrated ByteDance's Doubao LLM through its Anji AI Center to power a Personalized Auto Insurance AI Agent, enabling intelligent insurance services across underwriting, claims processing, and customer interactions. These platforms connect 85 insurance companies, 48,000+ automotive service providers, and 59,000+ marketing partners, serving enterprise clients in banking, insurance, and EV manufacturing sectors across China's 2,800+ cities and counties.
Differentiator
Problem solved
Functional benefit
Brands
- 盛大车险 APP: Proprietary mobile application for auto insurance services, connecting NEV delivery centers with insurance products
- 车管家平台
- 车险代理平台
Products and services
- Car Butler Platform (车管家平台) China's leading digital automotive aftermarket service platform connecting over 48,000 service providers with 1,200+ customer applications. Provides comprehensive automotive services including car washing, beauty, maintenance, repairs, used cars, roadside assistance, and chauffeur services to enterprise clients across 2,800+ cities and counties.
- Auto Insurance Agency Platform (车险代理平台) China's leading auto insurance technology platform that partners with 85 insurance companies and 59,000+ marketing partners and EV delivery centers to provide fast, simple, transparent, and fully online auto insurance experiences. Ranks #1 in China's new energy vehicle online insurance market.
- Personalized Auto Insurance AI Agent AI-powered insurance agent combining SunCar's proprietary vehicle records database with ByteDance Doubao's multimodal AI capabilities to provide policy discovery, recommendations, quotes, underwriting, and renewals. Distribution partners including 20 leading EV OEMs benefit from reduced customer acquisition costs and improved ROI.
- 盛大车险 APP (Shengda Auto Insurance Mobile App) SunCar's self-developed mobile application connecting new energy vehicle delivery points with insurance services, enabling drivers and EV delivery centers to access insurance products.
Quantifiable outcome
- EV insurance premiums reached $698 million LTM as of September 2025, growing 111% year-over-year
- +2 more outcomes
Companies that use SunCar Technology Group
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
SunCar Technology Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature4 records
SunCar Technology Group partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship, core and major.
- HuaweiflagshipSunCar became the exclusive insurance partner for Aistaland, a luxury EV brand co-developed by Huawei, and for all Huawei luxury EV partner brands. SunCar creates customized AI-powered insurance solutions integrated into Huawei's Qiankun intelligent vehicle system, leveraging its network of 48,000 automotive service providers.
- Minsheng BankcoreWon a $13 million contract with Minsheng Bank for auto services.
- TeslacorePartnership for EV insurance integration. Insurance premiums generated through Tesla partnership reached $328 million in first nine months of 2025, growing 190% year-over-year.
- NIOcorePartnership for EV insurance integration and auto services.
- Li AutocorePartnership for EV insurance integration.
- XiaomicorePartnership for EV insurance integration and auto services.
- LeapmotorcorePartnership for EV insurance integration.
- Jiayi Auto Insurance AgencymajorCompleted acquisition of Jiayi Auto Insurance Agency to expand insurance business capabilities.
- Agricultural Bank of ChinacoreSunCar won a $50 million three-year contract to manage all concierge chauffeur services for Agricultural Bank of China, consolidating services for Private Banking Department, Personal Banking, and Credit Card Center onto SunCar's platform.
- XPengcorePartnership for EV insurance integration. Insurance premiums generated through XPeng partnership reached $160 million in first nine months of 2025, growing over 200% year-over-year.
- ByteDance (Volcano Engine)coreStrategic AI partnership integrating ByteDance's Doubao Large Language Model into SunCar's auto insurance and auto services platforms. The collaboration aims to enhance AI-driven capabilities, improve operational efficiency, and expand market leadership with significant technological and revenue growth projections for 2026.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
SunCar Technology Group competitors and assessment
Company assessmentEmerging players
- Acko General Insurance: Acko is an Indian digital-first insurance company offering auto, health, and other insurance products through a mobile platform and partnerships (including OEMs). It is comparable to SunCar's model of digital insurance distribution with embedded OEM partnerships, though operating in India rather than China.
- Lemonade: Lemonade is a US-listed digital insurance company using AI and behavioral economics to underwrite and distribute insurance. While focused on renters/homeowners in the US, its AI-driven insurance model and digital-first distribution approach is conceptually comparable to SunCar's tech-enabled insurance intermediation.
- Root Insurance: Root is a US mobile-first auto insurance carrier using telematics and data-driven underwriting. It is comparable to SunCar through its auto insurance focus and heavy reliance on data analytics, though Root underwrites risk directly while SunCar intermediates.
- Waterdrop (Shuidi): Waterdrop is a NYSE-listed Chinese insurtech and healthcare crowdfunding platform. It overlaps with SunCar's insurance intermediation model and Chinese market focus, though its primary lines are health and life insurance rather than auto.
Broad incumbents
- Lufax Holding: Lufax is a NYSE-listed Chinese fintech platform originating and servicing loans and offering wealth management and insurance distribution. It is comparable as a Chinese tech-enabled financial services intermediary, though its primary focus is consumer finance rather than auto insurance.
- Ping An Insurance: Ping An is one of China's largest insurance and financial services conglomerates with significant auto insurance operations and digital platforms. As a broad incumbent, it offers overlapping auto insurance and mobility services but operates at much greater scale and across multiple product lines beyond SunCar's specialization.
Direct peers
- Huize Holding: Huize Holding is a NASDAQ-listed Chinese insurtech platform that distributes insurance products digitally, including auto insurance, through partnerships with insurers. It is directly comparable to SunCar as both are China-focused digital insurance intermediaries leveraging technology to distribute auto and other insurance products.
- ZhongAn Online P&C Insurance: ZhongAn is a Hong Kong-listed Chinese digital insurance company backed by Ant Group, Tencent, and others. While broader in scope than SunCar, it operates a digital-first insurance platform serving consumers and businesses in China, overlapping with SunCar's auto insurance intermediation model.
- WeSure (Tencent Insurance Platform): WeSure is Tencent-backed digital insurance distribution platform operating in China with a strong mobile-first insurance offering. It is comparable as a Chinese digital insurance intermediary leveraging technology and partnership ecosystems, though more consumer-oriented than SunCar's enterprise B2B focus.
Others
- Geely Auto / Volvo Cars (insurance arms and services): Major Chinese automakers like Geely are increasingly developing in-house insurance and auto services capabilities alongside their EV businesses. They represent potential vertical competitors or partners to SunCar's OEM-embedded insurance model in the broader EV ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
SunCar Technology Group social profiles
Digital presenceSunCar Technology Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
SunCar Technology Group leadership team
Management profileNumber of profiles
Profiles2 records
SunCar Technology Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
SunCar Technology Group funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SunCar Technology Group M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SunCar Technology Group
What does SunCar Technology Group do?
SunCar Technology Group operates two core B2B platforms in China: the 车管家 (Car Butler) automotive aftermarket service platform connecting 48,000+ service providers across 2,800+ cities, and the 车险代理 (Auto Insurance Agency) platform partnering with 85 insurance companies for EV/auto insurance distribution. The Anji AI Center powers a Doubao-LLM-based Personalized Auto Insurance AI Agent that delivers policy discovery, underwriting, claims, dynamic pricing, and risk assessment across the full insurance lifecycle.
Is SunCar Technology Group a public or private company?
SunCar Technology Group is a public company. It is classified as public and is currently operating.
When was SunCar Technology Group founded?
SunCar Technology Group was founded in 2007. It employs 501 to 1,000 people.
Where is SunCar Technology Group based?
SunCar Technology Group is headquartered in Shanghai, China, in the Asia region.
How does SunCar Technology Group make money?
Three revenue lines are on record. EV Insurance Premium Revenue is the primary driver. The others are concierge and Auto Services and B2B Auto Services Platform Fees.
Who are SunCar Technology Group's main competitors?
Emerging players on record are Acko General Insurance, Lemonade, Root Insurance and Waterdrop (Shuidi). Broad incumbents are Lufax Holding and Ping An Insurance. Direct peers are Huize Holding, ZhongAn Online P&C Insurance and WeSure (Tencent Insurance Platform). Geely Auto / Volvo Cars (insurance arms and services) is listed as an others.
Does SunCar Technology Group have an API?
No public API is recorded for SunCar Technology Group.
What industry is SunCar Technology Group in?
SunCar Technology Group's product category is Auto Insurance Technology & Automotive Aftermarket Services. Its primary akta.pro industry code is FSAGAGAF, Telematics & Usage-Based Insurance (UBI) Platforms, with a secondary code of THALANAI, Corporate Mobility & Ground Transport Management. Its NAICS code is 5242 and its SIC code is 6411.