Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 95

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 95
---
 laws and align
with prevalent industry standards.

Health, Safety and Environmental Matters

We are subject to laws and
regulations that govern the protection of the environment and the health and safety of our employees. Certain of our operations require
necessary environmental, health and safety permits, approvals from or filings with governmental authorities. We also include environmental
protection-related clauses in the contract manufacturing agreements with our vehicle manufacturers.

We must also take measures
for workplace safety and improve the working environment and conditions for workers during our production and operation. While certain
permits, approvals or filings may be subject to expiration, revocation or modification under various circumstances, we are committed
to achieving and maintaining compliance with all applicable legal requirements, including, among others, water discharge, the management
and disposal of hazardous substances, environmental cleanup and the health and safety of employees.

Competition

Competition in the heavy-duty commercial
NEV industry is intense and rapidly evolving. We believe the impact of new regulatory requirements for vehicle emissions, technological
advances, as well as shifting customer needs and expectations are causing the industries to evolve in the direction of zero-emission solutions.
We believe the primary competitive factors in our markets are:

  the total cost  

  product performance  

  availability of                  

  emissions profile;  

  vehicle quality,         

  technological innovation;  

  improved vehicle         

  ease of autonomous           

  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-emission or carbon-neutral solutions. 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