Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 945

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 945
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 expected to grow at a CAGR of 2.5% to $390.4 billion over the five years to 2028, when profit is estimated to climb to 7.0%. The future of BRIC nations determines industry growth •BRIC governments have invested in transport infrastructure, such as road networks, which support demand for freight services. •After a period of solid growth, the BRIC countries, except India, have experienced an economic slowdown. For example, China’s economy in 2019 was the weakest it had been since 1990. •While China and India experienced solid economic recovery in 2021, Brazil and Russia endured subdued growth. •Given that China and India have the two largest markets out of these countries, demand for new trucks will likely rise. •Much of the future economic growth for China depends on future trade policies with the United States, which are challenging to forecast. •Growth potential in other low-cost economies in Eastern Europe and South America will augment industry revenue. The potential growth of electric vehicles attracts new entrants •The complex supply chain networks of many globalized industries will likely lead to a rise in freight levels, which will benefit the industry. •While major companies dominate the global market, new start-ups will enter the industry to capitalize on the shift to electric vehicles and autonomous driving. •The newly joined workers will be more skilled as companies increase their robotic automation capabilities to improve profitability. •Companies will no longer contend with the anomalous effects of the coronavirus pandemic on industry profitability. Innovative technologies will likely drive the industry •Industry manufacturers have increased research and development investment to bring nascent autonomous trucks to market. •Autonomous trucks will likely first be sold commercially in lower risk driving environments, such as mines, where routes are predetermined, and roads are not open to the public. •Downstream markets will invest in these technologies to improve safety and productivity while reducing labor costs, especially in high-cost countries. •Electric heavy-duty trucks will likely become more common as companies seek to reduce greenhouse gas emissions and fuel costs. •Daimler AG’s Freightliner brand recently built its first two all-electric semi-trucks in August 2019, while Tesla will also launch an electric semi-truck model in 2023. •As more companies focus on electric trucks as technology improves, price-based and fuel-efficiency-based competition will increase. Annex D-2-11

Appendix C: Company Overview Finnovate Acquisition Corp. Company Background 8 Finnovate Acquisition Corp. (“Finnov