Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 342

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 342
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 to defects or failures of products that do not meet product specifications or agreed -uponquality standards. In the event of product failure, our technicians will diagnose, identify and resolve the issues promptly. As of the date of this proxy statement/prospectus, there have been no product recalls or returns, product liability claims, or customer complaints that materially and adversely affected our business. Furthermore, we intend to collaborate with financial institutions and establish a financing lease platform to provide convenient and accessible financial services for our customers. Our Business Initiatives We are committed to developing and commercializing heavy -dutycommercial NEVs and bringing about autonomous and zero -emissiontransportation. As such, we will continue to develop vehicle models utilizing autonomous driving technology and operating on renewable and clean energy sources. See “—Our Vehicles—Future Models” for details. Moreover, we plan to further develop our hydrogen production technology, establish hydrogen fueling stations and promote zero -carbonfleet transportation. Hydrogen fueling stations We plan to develop fueling and charging stations in China to support purchasers of our hydrogen -poweredfuel cell vehicles and to gain a first -moveradvantage in the emerging field of next -generationfueling infrastructure. We plan to produce hydrogen on -siteat each station through the process of electrolysis, utilizing our advanced SOEC hydrogen production technology. See “—Our Technologies—SOEC Hydrogen Production Technology.” We expect to roll out our pilot hydrogen fueling station by the end of 2024. Our hydrogen fueling station will have a hydrogen production capacity of 1,000 kilograms per day, enabling the refueling of approximately forty hydrogen -poweredfuel cell trucks on a daily basis. Our design ensures that the station can efficiently support the growing demand for hydrogen fuel and contribute to the expansion of the hydrogen -poweredvehicle ecosystem. Zero-carbon fleet transportation Leveraging our proprietary vehicle control technology and electronic steering technology, we intend to promote zero -carbonfleet transportation among our customers to improve their transport efficiency. See “—Our Technologies—Vehicle control system” and “—Our Technologies—Electronic steering system.” 156 Under the fleet transportation model, our NEV trucks are equipped with automated intermodal networks. They operate in coordinated platoons, maintaining a close fleet formation with minimal safety distance between adjacent vehicles to prevent other vehicles from mistakenly entering the convoy. Each fleet is responsible for deliveries in a designated area. The lead truck uses vehicle -to -everythingtechnology to transmit data, informing all other vehicles in the fleet to follow its driving actions. These other vehicles automatically