SunCar Technology (SDA) said Thursday it forged new contracts and renewed existing ones with several branches of Ping An Property & Casualty Insurance, with a total value exceeding 30 million renminbi ($4.2 million).
The expanded automotive service collaboration covers all of Ping An's provincial branches including Guangdong, Jiangsu, Zhejiang, Shanghai, Sichuan, Shenzhen, Shandong, Hebei, Beijing, and Anhui, SunCar said.
The new agreements also involve a broader suite of value-added auto services, including clay bar waxing, polishing, wheel alignment, ozone disinfection, and air conditioning sterilization, SunCar said.
SunCar's shares were more than 4% higher in recent trading.
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