Scage Future (NASDAQ: SCAGW)

Scage International is a pioneering zero-emission solution provider focused on the design, development, and commercialization of heavy-duty new energy vehicles and e-fuel solutions. The company operates in the commercial transportation industry, specializing in plug-in hybrid, all-electric, and hydrogen-electric hybrid trucks for mining, logistics, and port transportation applications. Scage International leverages proprietary technologies such as its intelligently distributed hybrid power system and solid oxide electrolysis cell hydrogen production to deliver integrated vehicle and energy solutions.

Scage International generates revenue primarily from the sale of commercial new energy vehicles and key components such as batteries and intelligent robot transportation systems. The company sells vehicles including Dragon King, Galaxy II, Q-truck, Andromeda, Andromeda+, and Sky Turtle models, along with farm tractor variants EV-2604—Unmanned Farm Tractor and EV-2604—Electric Farm Tractor. Revenue is also derived from after-sales services, vehicle modification, and components like electric drive axles and motor controllers sold to customers in China and internationally.

The company operates through the following segments:

• NEV Trucks: This segment encompasses the design, development, manufacturing, and sale of heavy-duty new energy vehicles including plug-in hybrid, all-electric, and hydrogen-electric hybrid trucks. Key models under this segment are Dragon King, a plug-in hybrid dump truck for mining and offloading; Galaxy II, a plug-in hybrid truck for long-distance logistics; Q-truck, an autonomous tractor trailer for smart transportation; Andromeda, an all-electric semi-tractor truck for road and port use; Andromeda+, a hydrogen-electric hybrid semi-tractor truck; and Sky Turtle, an unmanned plug-in hybrid dump truck for mining. The segment also includes farm tractor models EV-2604—Unmanned Farm Tractor and EV-2604—Electric Farm Tractor.

• E-Fuel Solutions: This segment focuses on the production and delivery of zero-carbon fuels such as green hydrogen, methanol, and ammonia derived from renewable energy. The company utilizes its proprietary solid oxide electrolysis cell technology to produce hydrogen from water vapor using wind, solar, or hydro power. This segment supports the commercialization of hydrogen-powered fuel cell vehicles by providing on-site hydrogen production and refueling infrastructure solutions.

• Integrated Intelligent Commercial NEV Solutions: This segment provides end-to-end ecosystems integrating vehicle design, technology development, manufacturing, sales, after-sales service, and financial support for commercial new energy vehicles. It includes smart transportation systems such as autonomous driving technology, vehicle-to-everything communication, and coordinated platoon operations for zero-carbon fleet transportation. The segment also offers energy supply station development, including solar-storage supercharging networks and self-sufficient hydrogen supply stations, to enable seamless vehicle operation and energy management for customers.

Scage International is a pioneering and leading zero-emission solution provider in China’s heavy-duty commercial new energy vehicle market. The company competes with established manufacturers such as Daimler, Ford, General Motors, Volvo, Nikola, Arrival, Rivian, Workhorse, and BYD Motors. Its competitive advantages stem from proprietary technologies including the intelligently distributed hybrid power system, electronic steering and braking systems, vehicle control system, and solid oxide electrolysis cell hydrogen production, which together enhance energy efficiency, vehicle intelligence, and operational safety.

Scage International serves a diverse customer base including technology companies, mining companies, logistics service providers, container transportation companies, and users of specialty vehicles such as dump trucks. The company has established business relationships with industrial enterprises and collaborates with vehicle manufacturers including C&C Trucks Co., Ltd. and Xuzhou Construction Machinery Group Co., Ltd. to co-develop and manufacture vehicles tailored to specific operational needs in logistics, mining, and port transportation sectors.