v3.26.1
Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Borrowings [Abstract]  
Schedule of Borrowings
   Annual
Interest		       As of
December 31,		   As of
March 31,		 
   Rate   Maturity   2025   2026 
Short-term borrowings          (Audited)   (Unaudited) 
Huaxia Bank Co., Ltd. Shanghai Branch(i)   3.00%-3.45%   September to November, 2026   $12,870   $13,048 
China Merchants Bank Shanghai Damuqiao Branch(i)   
3.25
%   September, 2026    8,580    8,698 
Bank of Communications Shanghai Putuo Branch(i)   4.44%   January to February, 2027    7,150    7,248 
Industrial Bank Co., LTD. Shanghai Pudong branch(i)   3.50%-4.50%   June to December, 2026    5,005    5,074 
China Minsheng Bank Co., LTD. Shanghai branch   2.95%   July, 2026    4,147    4,204 
Bank of Nanjing North Bund Branch(i)   
4.50
%   March, 2027    2,860    

2,899

 
ICBC Shanghai Zhang Jiang high tech Park Branch(i)   
3.90
%   December, 2026    2,860    2,899 
Xiamen International Bank Shanghai Jinqiao Branch(i)   
4.90
%   June to September, 2026    2,860    2,899 
Bank of Ningbo Co., LTD. Shanghai Lianyang branch(i)   
4.00
%   June, 2026    2,860    2,899 
Bank of Jiangsu Co., LTD. Songjiang branch(i)   
3.5%-3.70
%   January to March, 2027    2,860    4,349 
Agricultural Bank of China Co., LTD. Shanghai Xuhui branch(ii)   2.80%-2.82%   August to December, 2026    2,860    2,899 
China CITIC Bank Shanghai Pudian Road Branch(i)   
4.00
%   June, 2026    2,831    2,870 
Bank of China Limited Shanghai Zhabei branch(i)   
4.10
%   June to July, 2026    2,788    2,827 
China Construction Bank Shanghai Jing'an Branch(i)   
3.00
%   April to June, 2026    2,717    2,754 
Bank of Nanjing North Bund Branch(ii)   3.50%-4.50%   March, 2027    2,145    

1,450

 
Shanghai Rural Commercial Bank Co., Ltd. Huangpu Branch(i)   
3.95
%   May to June, 2026    2,145    2,175 
Bank of Beijing Shanghai Branch(i)   
3.00
%   September, 2026    1,430    1,450 
China Minsheng Bank Co., LTD. Shanghai branch(i)   
2.95
%   July, 2026    1,430    1,450 
Bank of Beijing Shanghai Branch(ii)   3.00%-3.10%   September 2026 to March 2027    1,430    1,450 
Bank of Beijing Shanghai Branch   3.00%   December, 2026    1,430    1,450 
Bank of China Limited Shanghai Zhabei branch(ii)   
2.60
%   September to November, 2026    1,430    1,450 
Huangpu Branch of Bank of Shanghai(i)   
3.50
%   March, 2027    1,430    1,450 
Agricultural Bank of China Co., LTD. Shanghai Minhang branch(ii)   
2.75
%   November, 2026    1,430    1,450 
Guangfa Bank Co., LTD. Shanghai branch(ii)   
3.45
%   July, 2026    1,430    1,450 
China CITIC Bank Shanghai Pudian Road Branch   4.00%   June, 2026    1,416    1,290 
Total short-term borrowings            $80,394   $82,082 
Long-term borrowing, current                    
Wenzhou Bank Co., Ltd. Shanghai Putuo Branch(i)   
4.99
%   August, 2026   $71   $36 
Long-term borrowing, non-current                    
Wenzhou Bank Co., Ltd. Shanghai Putuo Branch(i)   
4.99
%   October, 2028    1,358    1,377 
Total long-term borrowing            $1,429   $1,413 
(i) As of December 31, 2025 and March 31, 2026, the bank borrowings of $64,105 and $66,402 were guaranteed by SunCar Online, one of subsidiaries of the Group.

 

(ii) As of December 31, 2025 and March 31, 2026, the bank borrowings of $10,725 and $10,149 were guaranteed by Shengda Automobile, one of subsidiaries of the Group.