New and Renewed Contracts Totaling 30 million RMB to Enhance Automotive Services NationwideNEW YORK, Oct. 24, 2024 /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 new and renewed partnerships with several branches of Ping An Property & Casualty Insurance Co., Ltd. ("Ping An P&C", 2318.HK), including in Shanghai, Guangdong, Foshan, Hebei, and Shanxi. The total co ...

文章核心观点 - 艾瑞迪姆通信公司(Iridium Communications Inc.)和通用动力任务系统公司(General Dynamics Mission Systems)联合获得了来自太空发展局(SDA)的4.916亿美元合同修改,用于其地面管理和集成(GMI)计划,该计划支持可扩散的作战者太空架构(PWSA) [1][2] - 艾瑞迪姆在此合同中的份额为2.39亿美元,为期5年 [1] - 该合同修改将使GDMS-艾瑞迪姆团队开发一个先进的、向前兼容的地面系统,并与SDA的Tranche 2星座进行集成 [2] - 艾瑞迪姆的工程和支持业务正受益于来自美国政府的丰厚合同,特别是SDA的正在进行的项目 [3] - 艾瑞迪姆第三季度2024年收入为2.128亿美元,同比增长8%,工程和支持收入增长22%至3070万美元 [3] - 但设备业务的需求疲软给公司带来了挑战,2024年设备销售预计将同比下降,回到2022年以前的水平 [4]

财务数据和关键指标变化 - 总收入为2.03亿美元,同比增长27% [22] - 汽车服务业务收入为1.07亿美元,同比增长9% [23] - 汽车电子保险业务收入为7400万美元,同比增长55% [23] - 技术服务业务收入为2200万美元,同比增长70% [24] - 净亏损6000万美元,主要由于股份支付费用增加 [24] - 调整后EBITDA为600万美元,同比增长4% [25] 各条业务线数据和关键指标变化 - 汽车服务业务:签署多个银行分支机构的独家服务合同,机场接送等业务快速增长 [17][18][19] - 汽车电子保险业务:与SAIC等传统车企签署合作,拓展ICE车市场 [20] - 技术服务业务:为EV和ICE车企提供SaaS等技术解决方案,业务快速增长 [33] 各个市场数据和关键指标变化 - 新能源车市场:公司与多家领先EV企业合作,电子保险业务快速增长 [8][10] - 传统燃油车市场:公司与SAIC等大型车企合作,拓展电子保险等业务 [20][30] 公司战略和发展方向 - 持续投资研发,提升AI技术和云平台能力 [11][25] - 拓展海外市场,计划通过并购进入美国市场 [41] - 持续加强与大型企业客户的合作,提升客户粘性 [17][18][19][20] 管理层对经营环境和未来前景的评论 - 看好新能源车市场的快速增长,公司将持续受益 [8] - 传统燃油车市场面临竞争压力,公司有机会通过电子保险等业务拓展 [10][11] - 公司有信心通过技术创新和业务拓展实现持续增长 [25] 其他重要信息 - 公司拥有全国性的汽车服务网络和电子保险平台,具有技术和规模优势 [12][16] - 公司面临人才激励和应收账款坏账风险 [35][39] 问答环节重要的提问和回答 问题1 **Jennifer Jiang 提问** 公司如何看待AI对业务的影响 [27] **Breaux Walker 回答** 公司有望通过AI技术提升预测性维修等服务,并拓展自动驾驶等新兴市场 [28] 问题2 **Jennifer Jiang 提问** SAIC交易对公司意味着什么 [29] **Breaux Walker 回答** SAIC交易代表公司在传统燃油车市场的巨大机会,这个市场比新能源车市场更大 [30] 问题3 **Jennifer Jiang 提问** 公司最大的风险是什么 [31] **Breaux Walker 回答** 公司正处于高速增长阶段,需要继续推进各项战略目标 [31]

| --- | --- | --- | |-------------------------------------------------------------------|--------------------------------------------------------------------------------------------|------------------------------------------------------------------------| | | | | | | SECURITIES AND | EXCHANGE COMMISSION | | | WASHINGTON, | D.C. 20549 | | | FORM | 6-K | | | REPORT OF FOREIGN PURSUANT TO RULE 13a-16 SECURITIES EXCHANGE | PRIVATE ISSUER OR 15d-16 UNDER THE ACT OF 1934 | | | For the month of | September 2024 | ...

NEW YORK, Sept. 9, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for the first half of fiscal year 2024 on Monday, September 16th before the market opens. SunCar will host a conference call on Monday, September 16th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business updat ...

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 ...

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar"; NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the formation of a new business partnership with the Inner Mongolia branch of China Continent Property & Casualty Insurance Co., Ltd ("China Continent Insurance"). China Continent Insurance is the only subsidiary of China Reinsurance (Group) Corporation (SEHK: 1508) that specializes in non-life primary insura ...

NEW YORK, July 23, 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, is pleased to announce a strategic partnership (the "Partnership") with Lotus Technology ("Lotus,"NASDAQ: LOT) to enhance automotive industry services. This collaboration will leverage SunCar's auto e-insurance technology platform and its extensive automotive service network to support and optimize Lotus's market ex ...

 NEW YORK, July 18, 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, is pleased to announce that it has been selected as the provider of concierge car services for China Merchants Bank ("CMB", SSE: 600036, SEHK: 3968) Private Banking in China. This landmark two-year service framework agreement represents a significant milestone in the collaboration between SunCar and CMB.SunCar hold ...

SunCar to Leverage its Extensive Car Wash Service Network in the RegionNEW YORK, July 9, 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, is pleased to announce the successful bid for the China Construction Bank (CCB) Yunnan Branch Long (Long means "dragon") Card Car Wash Service project. This victory marks the latest collaboration between SunCar and CCB, driving SunCar's national e ...