09:09 AM EDT, 08/20/2024 (MT Newswires) -- SunCar Technology ( SDA ) said Tuesday that its unit, Shengshi Dalian Insurance Agency, will provide SAIC Maxus with auto e-insurance services under a two-year contract.

SAIC Maxus will use Shengshi Dalian's online platform for its dealerships across China, SunCar ( SDA ) said.

The service fee for year one of the deal is estimated to reach 100 million Chinese renminbi ($14 million), SunCar ( SDA ) said.

Further financial details of the two-year agreement were not disclosed.