SunCar Bags Contract To Develop, Operate Leapmotor's Insurance Platform, STock Up In Pre-Market

(RTTNews) - SunCar Technology Group Inc. (SDA), Monday announced that the company has secured a contract to develop and operate insurance management platform of Leapmotor, an electric vehicle manufacturer. The financial details of the deal were not disclosed.

With this contract, Leapmotor's insurance operations will be centralized by automating policy issuance and renewal, enabling digital claims processing, coordinating post-accident services, and integrating seamlessly with Leapmotor's customer app.

In the pre-market hours, SunCar's stock is trading at $5.22, up 3.37 percent on the Nasdaq.