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SunCar's Big Quarter: Profits, Partnerships, and Plans
ChinaThursday, December 18, 2025
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Financial Highlights
- Revenue: Up 6% to $115.8 million (YoY)
- Profit: $1.4 million (vs. $1.4 million loss in Q3 2024)
- Adjusted EBITDA: Increased 128% to $4.9 million
Key Partnerships & Achievements
- Tesla: Launched an insurance business at repair centers.
- NIO: Reduced delivery times by 50%.
- XPeng: Improved insurance renewal rates at stores.
- Li Auto: Launched an online insurance program (expanding nationwide in 2026).
Acquisitions & Expansions
- Acquired Jiayi Auto Insurance.
- Initiated acquisition of Dalian Jinhainiu Insurance.
Auto Services & AI Integration
- Strawberry Music Festival: Provided VIP transport.
- China Resources Group: Managed concierge services.
- CAR Inc.: Partnered to develop the SMB market.
- Zheshang Bank: Offered global business travel perks for VIP clients.
- AI Integration: Using ByteDance’s Doubao LLM for dynamic policy pricing and claims risk assessment.
Nine-Month Financial Performance (2025)
- Net Income: Up 8% to $338.1 million.
- Auto Insurance Revenue: Up 13% to $51.4 million.
- Technology Services Revenue: Stable at $12.2 million.
- Auto Services Revenue: Slight increase to $52.2 million.
- Operating Profit: $2.9 million.
Future Outlook
- Investing in promotional services and R&D.
- Adjusted EBITDA margin: 2.2% (showing profitability progress).
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