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v3.23.3

Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2022
Borrowings [Abstract] |
Schedule of Short-Term Borrowings | As of December 31, 2021 and 2022, the bank borrowings were for working capital and capital expenditure purposes. Short-term borrowings consisted of the following:
|  | Annual Interest |  |  |  |  |  | December 31, |
|  | Rate |  |  | Maturity |  |  | 2021 |  |  | 2022 |
Huaxia Bank Shanghai Branch Sales Department |  |  | 2-4.75 | % |  | August to September, 2023 |  |  | $ | 15,692 |  |  | $ | 11,567 |
China Merchants Bank Shanghai Damuqiao Branch |  |  | 4.8-5.3 | % |  | February to May, 2023 |  |  |  | 7,783 |  |  |  | 9,961 |
China Minsheng Bank Shanghai Jiujiang Branch |  |  | 3.70-3.85 | % |  | January to July, 2023 |  |  |  | 7,736 |  |  |  | 7,249 |
Bank of Communications Shanghai Putuo Branch(i) |  |  | 4.79 | % |  | January, 2023 |  |  |  | 7,846 |  |  |  | 7,249 |
Putuo Branch of Shanghai Pudong Development Bank(i) |  |  | 4.60 | % |  | April, 2023 |  |  |  | 2,354 |  |  |  | 4,350 |
Bank of Dalian Shanghai Jing’an Sub-branch(i) |  |  | 4.31-5.12 | % |  | March to May, 2023 |  |  |  | 4,708 |  |  |  | 4,350 |
Bank of Beijing Shanghai Zhangjiang Sub-branch(i) |  |  | 4.80 | % |  | December, 2023 |  |  |  | 3,138 |  |  |  | 4,350 |
China Construction Bank Shanghai Jing’an Branch(i) |  |  | 3.70 | % |  | June, 2023 |  |  |  | 1,569 |  |  |  | 4,350 |
Bank of China Shanghai Gonghexin Road Sub-branch(ii) |  |  | 3.65-4.22 | % |  | March to November, 2023 |  |  |  | 3,923 |  |  |  | 4,277 |
Bank of Nanjing North Bund Branch(i) |  |  | 5.50 | % |  | January, 2023 |  |  |  | - |  |  |  | 3,625 |
Huangpu Branch of Bank of Shanghai(ii) |  |  | 4.70 | % |  | February, 2023 |  |  |  | 2,354 |  |  |  | 2,900 |
Industry bank Shanghai Zhijiang Branch(i) |  |  | 4.65-5.05 | % |  | February, 2023 |  |  |  | - |  |  |  | 2,900 |
ICBC Shanghai Zhang Jiang high tech Park Branch(i) |  |  | 3.30 | % |  | September, 2023 |  |  |  | - |  |  |  | 2,610 |
Xiamen International Bank Shanghai Jinqiao Branch(i) |  |  | 5.20 | % |  | June, 2023 |  |  |  | - |  |  |  | 1,450 |
China CITIC Bank Shanghai Pudian Road Branch |  |  | 4.65 | % |  | April, 2023 |  |  |  | - |  |  |  | 1,435 |
Bank of Beijing Shanghai Branch |  |  | 4.31 | % |  | March, 2023 |  |  |  | 785 |  |  |  | 1,160 |
Shanghai Rural Commercial Bank Minhang Branch (ii) |  |  | 5.20 | % |  | June, 2023 |  |  |  | 942 |  |  |  | 870 |
Shanghai Rural Commercial Bank Bund Branch(i) |  |  | 4.80 | % |  | February to March, 2022 |  |  |  | 5,492 |  |  |  | - |
Fubon Huayi Bank Shanghai Jing’an Branch |  |  | 5.60 | % |  | January, 2022 |  |  |  | 785 |  |  |  | - |
Zheshang Bank Shanghai Branch Sales Department(i) |  |  | 6.00 | % |  | October, 2022 |  |  |  | 3,138 |  |  |  | - |
ICBC Xinzha Road Branch |  |  | 3.85 | % |  | March, 2022 |  |  |  | 785 |  |  |  | - |
Total |  |  |  |  |  |  |  |  | $ | 69,030 |  |  | $ | 74,653 |
(i) The bank borrowings were guaranteed by SUNCAR Online, one of subsidiaries of SunCar. (ii) The bank borrowings were guaranteed by Shengda Automobile, one of subsidiaries of SunCar.

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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