Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 344

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 344
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 experience on social media to promote word -of-mouthmarketing of trucks that we collaborated in developing. These activities help us connect with potential customers and showcase the value and capabilities of trucks that we collaborated in developing. We primarily sell our trucks through our in -housesales and marketing team. The end users of trucks that we collaborated in developing can be categorized into different sectors, including technology companies, mining companies, logistics service providers, container transportation companies, and users of specialty vehicles, such as dump trucks. We partner with leading industrial enterprises to customize our commercial NEVs and extend the use cases of our vehicles. We also actively develop relationships with small and medium -sizedenterprise customers in selected provinces to promote our vehicles in regional markets. In addition, we collaborate with technology companies to jointly develop and commercialize vehicle technologies. Upon receiving customer orders, we initiate production and assembly through our contract manufacturers. Typically, our customers are required to pay an advance deposit ranging from RMB100,000 to RMB200,000 per vehicle when placing purchase orders, and we require customer payment prior to vehicle delivery. We generally do not extend credit for vehicle sales, except in cases of large quantity purchase orders from credit -worthycustomers. 157 Pricing We determine and adjust the sales prices of our products from time to time in response to market dynamics and supply and demand factors. In determining our prices, we take into account several key factors, including costs for collaborating production, the pricing of comparable products available in the market, prevailing market conditions specific to our products, and the positioning of our products within the relevant market segment. Manufacturing, Supply Chain and Quality Control Manufacturing Our vehicle models are produced through collaborative contract manufacturing with third -partyvehicle manufacturers. Specifically, we collaborate with Xuzhou Construction Machinery Group Co., Ltd. (“XCMG”) for the production of Dragon King, and with C&C Trucks Co., Ltd. (“C&C”) for the production of Galaxy II, Andromedaand our Q -truckmodels. Our contract manufacturers have superior production techniques and operate with first -classproduction lines for stamping, welding, painting, assembly and testing. This contract manufacturing arrangement allows us to swiftly enter the market and scale our operations with minimal capital investment at the early stage of our business. While the contract manufacturers manage the day -to -dayoperations of the plant, we retain effective control over the supply chain, the manufacturing process, testing, and quality control. We implement comprehensive measures to ensure that our NEV trucks are manufactured in accordance with our standards. We have