SunCar Technology Group Inc., an innovative leader in cloud-based B2B auto services and auto e-insurance in China, announced that it has been selected as the provider of concierge car services for China Merchants Bank Private Banking in China. This landmark two-year service framework agreement represents a significant milestone in the collaboration between SunCar and CMB.
SunCar holds a commanding market share in providing concierge transportation services for the private banking departments of major Chinese banks. This new partnership will see SunCar delivering comprehensive concierge car services to CMB’s elite private banking clients, leveraging its unparalleled and extensive industry expertise and service network. The collaboration is designed to enhance the CMB customer experience through a sophisticated, technology-driven integration model.
“We are honoured to be chosen by China Merchants Bank to provide concierge car services for their distinguished private banking clients,” said Ye Zaichang, Chairman and CEO of SunCar.
“This partnership underscores our dedication to delivering exceptional, customer-centric services to leading banking institutions. By bringing together our technological prowess with CMB’s prestigious private banking services, we are poised to set a new benchmark for high-quality, efficient client service in the market,” he said.
Since its inception, CMB has been at the vanguard of private banking services in China, earning numerous prestigious awards from the Financial Times, The Asian Banker, and International Private Banker.
CMB is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB Private Banking is renowned as China’s largest and most comprehensive private bank, celebrated for its innovative and diversified wealth products and extensive non-financial value-added services. In 2008, China Merchants Bank became the first Chinese bank to open a branch in the United States.