Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 328

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 328
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 and penetration of commercial NEVs. According to the F&S Report, the size of China’s heavy -dutycommercial NEV market, in terms of vehicle sales volume, increased from 0.9 thousand units in 2018 to 25.4 thousand units in 2022 at a CAGR of 127.9%, and is expected to reach 275.6 thousand units in 2027, representing a CAGR of 65.9% from 2023 to 2027. The size of the global heavy -dutycommercial NEV market, in terms of vehicle sales volume, increased from 1.0 thousand units in 2018 to 27.3 thousand units in 2022 at a CAGR of 131.3%, and is expected to reach 332.0 thousand units in 2027, representing a CAGR of 69.8% from 2023 to 2027, according to the same source. 146 Corresponding to the growth of the heavy -dutycommercial NEV market, the integrated intelligent commercial NEV solutions market is also expected to experience substantial growth. Integrated intelligent commercial NEV solutions create a comprehensive ecosystem that encompasses all stages of the commercial NEV industry value chain. The solutions seamlessly integrate vehicle design, technology development, manufacturing, sales, after -salesservices, and financial support to promote the widespread adoption of commercial NEVs. Integrated intelligent commercial NEV solutions are tailored to different downstream application scenarios, providing customized technical support and services to meet customers’ diverse requirements in terms of economy, safety, and performance. Competitive Strengths Pioneering and leading zero-emission solution provider with global strategies, well positioned to capture the enormous market opportunities We are a pioneering and leading zero -emissionsolution provider in China, focusing on the development and commercialization of heavy -dutyNEV trucks and e -fuelsolutions. We have participated in the design, production and testing of several NEV trucks, covering application scenarios for logistics, mining and port transportation. Galaxy IItruck that we collaborated in developing is one of the earliest hybrid heavy -dutyNEV trucks to be commercialized in China. Our e -fuelproduct line is complemented by our methanol -fueledhybrid model and natural gas -fueledhybrid model, both of which are advancing to the testing stage. Additionally, we are actively developing our zero -emission, hydrogen -fueledhybrid model. Our business philosophy revolves around utilizing renewable energy -