SunCar wins major bid to manage Agbank’s concierge chauffeur services

SunCar Technology (SDA) has won the contract to manage all concierge chauffeur services for the Agricultural Bank of China, Agbank. AgBank is consolidating its concierge chauffeur services on SunCar’s management platform. SunCar’s platform will manage these services for three groups: Private Banking Department, Personal Banking, and the Credit Card Center. The contract has a term of three years and a total estimated value of $50 million for the Company over the length of the contract. Zaichang Ye, Chairman and CEO of SunCar, stated: “Winning such a comprehensive bid from a customer the size of the Agricultural Bank of China demonstrates SunCar’s unique expertise in managing concierge chauffeur services for China’s largest banks. It is a major win for SunCar, given the size of the bid and the three-year term of the deal.”