Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 374

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 374
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 relatively high speeds, provide excellent transportation capacity, sustain long -distancetravel, and alleviate range anxiety. Additionally, they fulfill low -carbonemission goals, boasting higher energy efficiency, charging flexibility, and lower operating costs for long -haultransportation. Currently, commercial PHEVs and EREVs stand as the most favorable alternatives to commercial ICVs used in long -haultransportation. Going forward, commercial BEVs and hydrogen -poweredcommercial vehicles will gradually gain momentum, as fast -chargingor hydrogen refilling infrastructure further develops. • Coordinated development among industry participants.Each participant in the commercial NEV industry plays a crucial role in driving innovation, enhancing product offerings, and ensuring customer satisfaction. Technology companies are instrumental in devising cutting -edgesolutions for vehicle electrification, battery technology, energy refuel infrastructure, and autonomous driving capabilities, for the improvement of the overall performance and user experience of commercial NEVs. Collaborating with technology companies allows commercial NEV manufacturers to access the latest technological advancements, enabling them to stay competitive in the rapidly evolving market. Aftermarket service providers play a vital role in maintaining and supporting commercial NEVs throughout their lifespan. As the industry moves towards electrification, service providers need to develop expertise in servicing and repairing electric and hydrogen fuel cell systems, ensuring timely maintenance, spare parts availability, and efficient repair services to maximize vehicle uptime and customer satisfaction. Fostering synergistic cooperation among the value chain participants can lead to rapid development of the commercial NEV industry by leveraging the strengths of each participant to devise comprehensive and reliable solutions tailored to specific application scenarios. • Technological innovation.Technology innovation is key for vehicle performance improvement and application scenario expansion. For example, the improvements in powertrain technology for commercial BEVs, PHEVs and FCEVs lead to higher energy densities and extended driving range. Continued research and development efforts aim to improve fuel cell efficiency, reduce production costs, and enhance the overall performance and durability of FCEVs, and are bolstering the commercial FCEV 179 market. As hydrogen infrastructure expands and becomes more established, FCEVs are expected to gain momentum, particularly where long -rangeand heavy -dutycapabilities are paramount. Intelligent driving features, V2X communication, and advanced telematics systems enhance transportation safety, efficiency, and fleet management. Competitive Landscape Major players in the global and China’s NEV markets include pure -playcommercial NEV companies and traditional commercial vehicle manufacturers that also produce commercial NEVs. The competition among commercial NEV manufacturers concentrates on key