Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 273

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 273
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 focused on the placement of motor systems in relation to the engine, to reduce fuel consumption, as well as safety mechanisms. His management experience includes leading teams at Nanjing Yueboo Power System Co., Ltd. (“Yueboo”), a Shenzhen Stock Exchange listed company, where he was a co -founder, chief technology officer and a member of its board of directors. • Opportunities for growth. There is a global demand for decarbonization, as evidenced by 96% of the world’s countries having committed to the Paris Agreement. In 2020, China’s central government pledged peak CO 2emissions by 2030 and carbon neutrality by 2060. China has incorporated these commitments into strategic planning at all levels of government, and private companies have followed suit. According to Frost & Sullivan, China accounted for approximately 93.0% of the global new energy heavy -dutycommercial vehicle sales volume, with sales surging from 0.9 thousand units in 2018 to 25.4 thousand units in 2022, representing a CAGR of 127.9%. Scage International is well -positionedto capitalize on supportive policy initiatives and strong demand for NEV commercial vehicles. Its Galaxy II truck has the longest range of driving range (2,000 km) of any PHEV heavy -dutytruck. In addition, it has a pipeline of other BEV and EREV products with applications across the NEV value chain. • Defensible and differentiated business niche. Scage International has several unique characteristics. It is a pure -playcommercial NEV solutions provider in a landscape dominated by traditional OEMs. But unlike many upstart NEV companies, it already has products in mass production, and a track record of sales in both China and overseas. Scage International is a first -moverin the “Class 8” heavy -dutytrucks niche, which encompasses the largest heavy -dutytrucks such as those required for mining operations. Scage International’s Andromedatruck is the only heavy -dutytruck in mass production to allow seamless transition between P2 and P4 hybrid systems. This allows electric -onlydriving modes, energy recovery during braking, and connectivity to a traditional internal combustion engine to charge the battery or to power the electric motor indirectly. Its product pipeline is backed by a robust IP portfolio spanning vehicle control technology, electric drive technology, chassis technology, and hydrogen technology. • Diversified customer and supplier base. Scage International has cultivated