- **SunCar Technology Group Inc. (SDA)** has signed an AI technology cooperation agreement with **ByteDance's Volcano Engine**, integrating the **Doubao Large Language Model (LLM)** into its core services to advance its AI-based digitalization strategy.  **[1936804_20251020LA01733:0]** 
- The integration is projected to significantly improve auto insurance operations, with expected enhancements including a **40%** increase in policy matching accuracy and a reduction in customer acquisition costs for renewals by up to **70%**.  **[1936804_20251020LA01733:0]** 
- For auto services, the collaboration aims to reduce average response times from **30 minutes to under 5 minutes** and is expected to boost service customer conversion rates by **35%** through improved predictive maintenance.  **[1936804_20251020LA01733:0]** 
- By **2026**, SunCar anticipates its intelligent dispatch system will cover approximately **80%** of its national service network, and customer retention for its auto insurance SaaS platform will rise to **90%**.  **[1936804_20251020LA01733:0]**

SunCar Partners with ByteDance for AI-Powered Digitalization

- SunCar Technology Group Inc. announced its Board of Directors authorized an investment of up to **$10 million** in select major cryptocurrencies expected to benefit from the growth of Real-World Asset ("RWA") tokenization.  **[1936804_0001213900-25-088853_ea025789701ex99-1_suncar.htm:0]** 
- This investment is part of a new capital allocation strategy to develop a blockchain and tokenized RWA platform, aiming to maximize long-term shareholder value.  **[1936804_0001213900-25-088853_ea025789701ex99-1_suncar.htm:0]** 
- The company believes RWA tokenization, with the market projected to reach **$19 trillion by 2033** from approximately **$25 billion in mid-2025**, presents an attractive investment opportunity.  **[1936804_0001213900-25-088853_ea025789701ex99-1_suncar.htm:0]** 
- SunCar views blockchain integration and RWA tokenization as a natural evolution for its AI-powered cloud technology in digital auto insurance and services.  **[1936804_0001213900-25-088853_ea025789701ex99-1_suncar.htm:0]**

SunCar Technology Group (SDA)