SunCar Technology Group (NASDAQ:SDA) announced on Tuesday a strategic partnership with Lotus Technology (NASDAQ:LOT) to enhance automotive industry services.

The collaboration is anticipated to leverage SunCar’s (SDA) auto e-insurance technology platform and its extensive automotive service network to support and optimize Lotus Technology’s (LOT) market expansion.

As China’s leading auto e-insurance technology platform, SunCar (SDA) expects to utilize its cost advantages in the insurance industry and nationwide agency network to provide Lotus (LOT) customers with a wide range of insurance options, including vehicle insurance and comprehensive coverage services. SunCar (SDA) will also provide automotive services through its vast nationwide network and assist Lotus (LOT) in promoting its vehicles across various regions, in a move seen as enhancing the brand’s visibility and competitiveness. Those services include leveraging extensive vehicle data and big data analytics to help Lotus (LOT) better understand regional consumer demands, predict market trends, and optimize marketing strategies.

“SunCar Technology is thrilled to partner with Lotus Technology to bring enhanced services to Lotus owners across China,” said

SunCar (SDA) CEO Ye Zaichang said the partnership represents a significant step forward in the company’s mission to provide comprehensive and personalized automotive services.