SunCar Technology Group (SDA) said Wednesday that it signed new contracts to be the primary car wash and detailing service provider for customers of China Pacific Insurance's branches in China's Zhejiang and Jiangsu provinces.
The company said the new deals expand its provincial partnerships with China Pacific Insurance to 10 major regions.
SunCar said it plans to double this coverage to 20 provinces by the end of 2025.
No financial details were disclosed.
Shares of SunCar were up more than 2% in recent trading.
Price: 5.12, Change: +0.12, Percent Change: +2.30
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