Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 349

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 349
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 as shifting customer needs and expectations are causing the industries to evolve in the direction of zero -emissionsolutions. We believe the primary competitive factors in our markets are: •the total cost of ownership; •product performance and uptime; •availability of charging or re -fuelingnetwork; •emissions profile; •vehicle quality, reliability and safety; •technological innovation; •improved vehicle operational visibility; •ease of autonomous capability development; and •service options. We have experienced, and expect to continue to experience, intense competition from a number of companies, particularly as the commercial vehicle industry increasingly shifts towards low -emission, zero -emissionor carbon -neutralsolutions. Existing vehicle manufacturers of commercial diesel vehicle, such as Daimler, Ford, General Motors and Volvo, still maintain large market shares in the industry. In addition to competition from traditional diesel vehicle manufacturers, we face competition from disruptive vehicle manufacturers that are developing alternative fuel and electric commercial vehicles, such as Nikola, Arrival, Rivian, Workhorse and BYD Motors. Many of our current and potential competitors have greater financial, technical, manufacturing, marketing, and other resources than we do. As such, they may be able to deploy greater resources to the design, development, manufacturing, distribution, promotion, sales, marketing and support of their electric and hydrogen fuel cell truck programs. Additionally, our competitors may also have greater name recognition, longer operating histories, larger sales forces, broader customer and industry relationships, and other resources than we do. We cannot provide assurances that our commercial NEVs will be among the first to market, or that competitors will not build hydrogen fueling stations that compete with our planned stations. Even if our vehicles are first to market, we cannot assure you that customers will choose our vehicles over other commercial NEVs or over commercial diesel vehicles. 161

Intellectual Property As of June30, 2024, we had registered 52 patents, 15 trademarks, 10 software copyrights and one domain name in China. In addition, we had 47 pending patent applications as of the same date. Employees As of June30, 2024, we had 93 employees, all of whom were located in China. As of the date of this proxy statement/prospectus, we have not experienced, and do not expect to experience, labor shortages that impact our business. The following table sets forth the number of our employees by function as of June30, 2024.

| Function                   |     | Number of 
 Employees |     |