Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 345

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 345
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 dedicated production management and quality control teams on site to monitor the manufacturing process and perform quality control procedures at key process control checkpoints. We have entered into a strategic collaboration agreement with C&C, encompassing various areas, such as vehicle design, manufacture, sales, testing and after -salesservices. We typically enter into separate vehicle manufacturing orders with C&C, which would outline the vehicle model, production volume, configuration, relevant quality standards and parameters. C&C generally assumes responsibility for the after -salesservices of the vehicles and is liable for quality issues arising from manufacturing and the associated costs. We collaborate with C&C in the following areas pursuant to the strategic collaboration agreement: • Vehicle design, development and manufacturing. We and C&C shall collaborate on the development of NEV models, and the scope of collaboration includes joint branding, product and technology development, sample production, testing, qualification filing, certification and production, which shall be subject to further specification in subsequent collaboration agreements. Those subsequent collaboration agreements will specify the exact scope of collaboration, technical parameters, technology allocation, service standards, inspection process, communication mechanism, service fee and payment and liability for contract breaches. • Business development and vehicle sales.We and C&C shall assist each other in business development and market expansion. With respect to business opportunities developed by C&C for us, we shall collaborate exclusively with C&C. • Vehicle testing. C&C shall support the testing and validation for vehicles jointly developed by C&C and us. For our other vehicles, C&C may charge relevant service fees, if we request testing support. • Supply chain management.C&C shall leverage its supply chain management capability and help us in improving product quality and lowering raw material costs. • After -sales services. For our sales regions that C&C maintains comprehensive after -salesservice system, C&C shall support us in providing after -salesservices for our vehicles. For our other sales regions, C&C shall collaborate with us in improving the after -salesservice system in such regions. We have entered into purchase agreements with XCMG for the manufacture of 50 vehicle models. We pay XCMG for manufacturing and technical service fees based on the number of vehicles ordered. The agreement also prescribes the pre -agreedproduct quality standards for XCMG to comply with. We are responsible for the after -salesservices of the products, and XCMG assumes liability for any quality issues arising from manufacturing and the associated costs. 158 C&C and XCMG each has an annual production capacity of up to 30