Scage Future (NASDAQ: SCAG)

Scage International is a pioneering zero emission solution provider that designs develops and commercializes heavy duty NEV trucks and e fuel solutions for the global commercial transportation industry.

The company’s product portfolio includes the Dragon King plug in hybrid dump truck, the Galaxy II plug in hybrid truck, the Qtruck autonomous tractor trailer, the Andromeda all electric semi tractor truck, the Andromeda+ hydrogen electric hybrid semi tractor truck, the Sky Turtle unmanned plug in hybrid dump truck and two EV2604 farm tractor models.

In addition, Scage International supplies key components such as AI robot transportation units and NEV battery packs and offers after sales service maintenance vehicle modification services and plans to develop hydrogen fueling stations and a zero carbon fleet transportation platform.

The firm also engages in research and development to improve its vehicle control system electronic steering system intelligently distributed hybrid power IDHP system and SOEC hydrogen production technology which underpin its product differentiation.

The company’s mission is to decarbonize and power the global commercial transportation industry with next generation zero emission technologies and e fuel solutions championing a sustainable future.

Scage International generates revenue primarily from the sale of its heavy duty NEV trucks and related components such as AI robot transportation units and NEV battery packs.

The company also earns income from after sales service and maintenance contracts that keep vehicles operational for customers.

Additional revenue comes from the sale of replacement vehicle components and from warranty products including basic extended warranty and motor system warranty.

Scage International intends to collaborate with financial institutions to establish a financing lease platform that will create a new stream of revenue.

As of June 30 2025 Scage International reported net revenues of US$11.1 million for the fiscal year reflecting growth from increased truck deliveries and component sales.

Scage International positions itself as a pioneering and leading zero emission solution provider in China with a global outlook.

The company competes against traditional diesel truck makers such as Daimler Ford General Motors and Volvo and against emerging electric and hydrogen truck companies like Nikola Arrival Rivian Workhorse and BYD Motors.

Scage International’s competitive advantages stem from its proprietary technologies including the vehicle control system the electronic steering system the intelligently distributed hybrid power IDHP system and the SOEC hydrogen production technology.

These strengths are backed by a strong R&D team of 39 full time engineers representing 39.4% of the workforce and by long standing collaborations with vehicle manufacturers such as C&C Trucks Co Ltd and Xuzhou Construction Machinery Group Co Ltd.

The firm also benefits from a comprehensive supply chain that includes reputable partners like CATL Bosch and Wabco and from quality certifications ISO 9001 ISO 14001 and ISO 45001 which enhance its reliability and market standing.

According to an independent industry report the size of China’s heavy duty commercial NEV market grew from 0.9 thousand units in 2018 to 25.4 thousand units in 2022 at a compound annual growth rate of 127.9% and is projected to reach 275.6 thousand units by 2027.

The firm’s focus on total cost of ownership vehicle performance uptime availability of charging or refueling networks emissions profile quality reliability safety technological innovation autonomous capability and service options aligns with the key competitive factors in the heavy duty NEV market.

Scage International serves technology companies mining firms logistics service providers container transportation operators and specialty vehicle users.

While the filing does not disclose specific customer names the company indicates that its clients span industries that require heavy duty NEV trucks for mining logistics port operations and farm applications.

The company has received customer orders for its Qtruck and Galaxy II models and has delivered vehicles to clients across China and in select overseas markets.

Scage International aims to deepen relationships with existing customers and to acquire new clients by offering customized vehicles after sales support and tailored energy solutions.

Scage International’s customers include operators of mining fleets logistics providers port terminal companies and farm equipment users who rely on its vehicles for heavy duty operations.

The company also works with technology firms to integrate autonomous driving features and with financial partners to offer lease and financing arrangements to its clients.