SunCar (SDA) renews service agreement with Nio (NIO) for 1 year

Go back to SunCar (SDA) renews service agreement with Nio (NIO) for 1 year

SunCar Technology Group Inc. Announces Service Agreement with Nio Auto

August 30, 2023 9:28 AM EDT

NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (SunCar or the Company) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has renewed its one-year insurance intermediation service agreement with Nio Inc., a multinational automobile manufacturer headquartered in Shanghai, China with over $7 billion annual revenue specializing in designing and developing electric vehicles.

Mr. YE Zaichang, Chairman & CEO of SunCar, commented: SunCar leverage the experience of NEV customers and partners like Nio, who are NEV... More

NIO Inc. Reports Unaudited Second Quarter 2023 Financial Results

August 29, 2023 6:15 AM EDT

Quarterly Total Revenues reached RMB8,771.7 million (US$1,209.7 million)iQuarterly Vehicle Deliveries were 23,520 units

SHANGHAI, China, Aug. 29, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Operating Highlights for the Second Quarter of 2023

Vehicle deliveries were 23,520 in the second quarter of 2023,... More