Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 329

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 329
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derived, low -carbonand zero -carbonfuels as the primary energy source for heavy -dutycommercial vehicles. As such, we offer e -fuelproducts and solutions to the global transportation industry. We are devoted to developing e -fuelsolutions utilizing green electricity generated from wind and solar sources, green hydrogen produced through water electrolysis powered by renewable energy, and high -energy -densityderivatives like methanol and ammonia synthesized from green hydrogen. Adhering to our business philosophy, we have curated a product portfolio comprising all -electric, diesel -electricityhybrid, including range extenders, and electricity -hydrogenhybrid trucks. Moreover, we have seized the overseas demand for heavy -dutycommercial vehicles. We have conducted business development activities in Southeast Asia, the United States, the Middle East, Mongolia and Mexico to gather overseas market intelligence and access overseas customers, and we may establish semi -knockeddown or completely knocked down facilities overseas. Leveraging our diverse product portfolio, low -carbonand e -fuel -centeredbusiness strategy and our global vision, we believe we are well -positionedto capture the enormous market opportunities in China’s heavy -dutycommercial NEV market. The market size, in terms of vehicle sales volume, increased from 0.9 thousand units in 2018 to 25.4 thousand units in 2022 at a CAGR of 127.9%, and is expected to reach 275.6 thousand units in 2027, representing a CAGR of 65.9% from 2023 to 2027. Comprehensive vehicle portfolio addressing diverse commercial transportation needs We provide technology -empoweredNEV trucks to address the diverse commercial transportation needs of our global customers. Our current vehicle offerings include Dragon King, a plug -inhybrid dump truck, primarily designed for mining and other heavy -dutyloading and offloading uses, Galaxy II, a plug -inhybrid truck, primarily designed for long -distanceroad transportation and logistics services, and Q -truck, an autonomous tractor trailer, that can be widely used in smart transportation scenarios. We have also made achievements in developing all -electricport tractors, long -endurancehybrid power tractors, and wide -body, high -powerhybrid mining vehicles, represented by our Andromeda, Andromeda+and Sky Turtlemodels, respectively. We have made substantial improvements over time to better align with customer needs. We guide and assist customers in establishing energy supply stations, including advanced