Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 330

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 330
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 solar -storagesupercharging networks and self -sufficienthydrogen supply stations. Our industry reputation, backed by our high -qualityproduct and service offerings, has attracted a great number of domestic and international customers for business cooperation. 147 Proprietary technologies underpinned by strong R&D capabilities and collaborations We believe our R&D capabilities form the cornerstone of our competitiveness and long -termgrowth. We boast a robust research and development team with extensive experience. As of June30, 2024, we had 33 full -timeR&D staff, accounting for 35.5% of our total workforce. According to the F&S Report, the global penetration rate of heavy -dutyNEV trucks in the heavy -dutytruck market is currently less than 1.4%. Such low adoption rate is mainly due to the absence of suitable products and energy supply systems, as traditional heavy -dutytruck manufacturers lack the research and development capabilities for heavy -dutyNEV systems. We have independently developed our electric control and steering system, IDHP system and SOEC hydrogen production technology to address this issue. Specifically, centering on truck chassis, the IDHP system integrates multi -motors, automatic transmission and electric control and exhibits remarkable reliability and scalability. This allows us to flexibly configure truck chassis structures and enable product diversification. The modularized IDHP system demonstrates high energy efficiency and large power capacity, which increases our vehicles’ load capacity. It is also small in size and convenient for installation. Our hybrid power system is further integrated with an electric propulsion system that saves chassis space for battery placement, or a hydrogen supply system without compromising the vehicle’s aerodynamic structure. We incorporate advanced algorithms to precisely allocate power to each wheel, reducing energy loss, enhancing road adaptability, increasing range, and lowering operating costs for trucks. We retain the essential functions of our trucks while eliminating redundant designs and significantly enhancing their intelligence to support future upgrades from Level 2 to Level 4 autonomation. We have also developed an advanced SOEC as our energy supply solution, which enables efficient electrochemical conversion and offers convenient and low -costlow -carbonand zero -carbone -fuels. We have strengthened technological innovation in vehicle integration and developed our NEV and plug -inhybrid models, fuel cell models, power battery and management system, drive motors and power electronics and network connectivity technologies, so as to curate our product portfolio and service system. Full industry supply chain coverage and established customer service capabilities Our supply chain capability is prominent,