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Borrowings | 12 Months Ended
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Dec. 31, 2022
Borrowings [Abstract] |
BORROWINGS |
9. | 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 |
The interest expenses were $2,311, $3,476 and $3,809 for the years ended December 31, 2020, 2021 and 2022, respectively. The weighted average interest rates of short-term loans outstanding were 3.95%, 4.98% and 4.89% per annum as of December 31, 2020 2021 and 2022, respectively. (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 The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
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