SunCar Technology launches online insurance solution Li Auto customers

SunCar Technology (SDA) announced that it has launched its online insurance solution for customers of Li Auto Inc.’s (LI) new energy vehicles. Accessible via the Li Auto car owners’ app, SunCar can offer various online insurance solutions, including H5 on the mobile, so car owners can quickly and conveniently compare and purchase auto insurance and other services. YE Zaichang, Chairman and CEO of SunCar commented, “We are very pleased to announce this deal with Li Auto, one of the largest NEV manufacturers in China. Li Auto has delivered over 244,000 cars year-to-date through September 2023 and has recently received new orders for over 40,000 cars per month, representing a highly attractive potential market for our insurance products. SunCar has always been committed to solving substantive problems for customers with industry-leading products and services. Although there are many auto insurance options for drivers, including SunCar’s insurance offerings in the Li Auto app should make it the default choice for all Li Auto customers. We believe that SunCar’s continued cooperation with Li Auto will expand our customer base and begin a new avenue of significant potential growth for the Company.”