Jul. 8 at 12:39 PM
SunCar (
$SDA) deepens strategic partnership with XPeng as G7 model sales accelerate. Their AI-driven insurance solutions could capture more of China's booming EV market. But with persistent losses (-15.5% margin) and high debt (2.44 D/E ratio), investors need to see this translate to profitability. High-impact move in competitive auto tech space.
https://www.prnewswire.com/news-releases/suncar-and-xpeng-enter-a-new-stage-of-cooperation-with-the-launch-of-xpengs-g7-model-delivering-fully-intelligent-car-insurance-to-drivers-302500126.html