Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 341

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 341
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. SOEC hydrogen production technology Led by Mr. Onuma Yoshio, we have developed our SOEC hydrogen production technology to complement and support the further commercialization of our hydrogen -poweredfuel cell vehicles. The SOEC technology can use renewable energy sources (such as wind, hydro, and solar energy) that were previously underutilized or difficult to stably integrate into the grid to electrolyze water vapor and produce oxygen and hydrogen. These clean energy sources have the advantage of being carbon emission -freethroughout the whole process. Particularly, our SOEC hydrogen production technology utilizes a solid oxide electrolyte made of ceramic materials to achieve the electrolysis of water and produce hydrogen, without using precious metals. The major advantages of our SOEC hydrogen production technology include the following: •a modular design, allowing for flexible specifications based on the size of the power source; •a solid -statestructure, enhancing electrode performance by increasing the length of the triple -phaseboundary through optimized electrode structures; 155 •a relatively high reaction temperature, where the electrochemical activity of reactants far exceeds that at room temperature, favoring water decomposition, accelerating reaction rates, reducing energy loss, and improving electrolysis efficiency; and •products from water vapor electrolysis are O2 and H2, which can be used directly as clean energy, making it environmentally friendly. Compared with SOEC hydrogen production technology based on yttria -stabilizedzirconia materials, our technology has a more efficient hydrogen production system, resulting in a longer usage cycle and reduced production costs. Our Services We strive to offer our customers a comprehensive suite of convenient services to meet their diverse needs. Our services are easily accessible through various channels, including our mobile application, offline service stations, website and hotlines. We provide vehicle service and maintenance to our customers through our dedicated in -houseafter -serviceteam. Our after -salesservice team promptly responds to customer demands with on -sitemaintenance services to maximize vehicle uptime and minimize operational disruptions. As of June30, 2024, in collaboration with our vehicle manufacturers, we had an offline service network consisting of more than 400 service stations across China that provide uninterrupted services to our customers. We also offer customers vehicle components for replacement. Our modular vehicle design approach maximizes component utility and promotes the use of common parts across different vehicle models. This strategy reduces complexities associated with component sales and procurement logistics. In addition, we provide risk mitigation products, such as basic extended warranty and motor system warranty. Our warranty policy is usually limited