Core Viewpoint - The merger between Scage International and Finnovate Acquisition Corp. marks a significant milestone in advancing global decarbonization in commercial transportation, with plans for Nasdaq listing and expansion into new markets [1][3]. Group 1: Merger Details - Scage International has completed its business combination with Finnovate Acquisition Corp, with the new company, Scage Future, set to trade on Nasdaq under the ticker "SCAG" starting June 30, 2025 [1]. - The merger has received approval from Finnovate's shareholders and all remaining conditions have been satisfied or waived [1]. Group 2: Company Strategy and Vision - The CEO of Scage International emphasized that the Nasdaq listing will enhance market visibility and broaden financing channels, facilitating the commercialization of next-generation hybrid, electric, and hydrogen fuel cell trucks [3]. - The company plans to expand production capacity, invest in hydrogen infrastructure, and extend its global footprint in regions such as China, Central Asia, Southeast Asia, and the Middle East, while preparing to enter the European and American markets [3]. - Scage International aims to create long-term value for shareholders through a strong order backlog and an expanding portfolio of zero-emission products [3]. Group 3: Company Background - Scage International is a leading provider of zero-emission technology in China, focusing on accelerating the decarbonization of global commercial transportation through advanced heavy-duty new energy vehicle products and innovative clean fuel systems [4]. - The company has extensive experience in the design, production, and testing of the next generation of heavy-duty new energy commercial vehicles, with key products including the Longwang II plug-in hybrid dump truck and the Galaxy II plug-in hybrid truck [4].

Core Insights - MobyFly is a Swiss startup founded in 2020, specializing in zero-emissions hydrofoil boats that can transport 10 to 350 passengers at speeds exceeding 70 km/h, significantly reducing energy consumption by 70% compared to traditional diesel ferries [1][2] - The company aims to deliver its first boats by 2026, having transitioned from experimental prototypes to an industrial technology platform that integrates hydrofoil design, electronic systems, and battery technology [1][2] Group 1 - MobyFly's hydrofoil boats utilize wing technology and a computer-controlled flying system to achieve lift and glide above the water surface [1] - The company is focused on creating a complete ecosystem that includes charging infrastructure and asset management systems, emphasizing the importance of balancing delivery speed and quality while ensuring technology reliability [2] - Currently, MobyFly operates primarily in Europe, with plans to enter the Asia-Pacific market in the near future, although there are no immediate plans for the Chinese market [2] Group 2 - Sue Putallaz, the co-founder and CEO, has been recognized as a "Tech Pioneer" since 2023, highlighting the importance of innovation, diversity, and active change in the company's mission [2]

Core Viewpoint - The New York State Governor Kathy Hochul has directed the New York Power Authority (NYPA) to develop and construct a zero-emission advanced nuclear power plant in Northern New York to support a reliable and affordable electric grid while providing the zero-emission power needed for a clean energy economy [1] Group 1 - The New York Power Authority will coordinate with the Department of Public Service to seek the development of at least one new nuclear facility with a total generation capacity of no less than 1 gigawatt [1] - The NYPA will immediately begin assessing the nuclear power plant regarding technology, business models, and site selection, ensuring the necessary partnerships for the project [1]

Group 1 - Damri, a state-owned transportation company in Indonesia, announced the introduction of 70 new electric buses from the Chinese brand Zhongtong to expand the eco-friendly fleet in Jakarta's public transport system [1] - The new electric buses are expected to contribute to Jakarta's goal of achieving zero emissions and enhancing the travel experience for citizens through improved comfort and operational efficiency [1] - The electric buses are equipped with large-capacity batteries that provide a range of 250 kilometers on a single charge and feature advanced technology systems to ensure performance and charging efficiency [1] Group 2 - Currently, Damri operates 116 electric buses within the TransJakarta service system and plans to add 200 more electric buses by the end of the year [1] - The introduction of electric buses will gradually replace traditional diesel buses, significantly reducing carbon emissions in the transportation sector, with each diesel bus emitting 1.5 to 2 tons of CO2 daily [1] - Jakarta's governor announced a plan to increase the number of electric buses in the TransJakarta system to 2,000 by 2029, addressing long-standing air quality issues caused by fossil fuel emissions in the transportation sector [2]

Core Insights - Audi's first dedicated electric vehicle production base in China, located in Changchun, represents a significant milestone in the company's strategy to support its operations in the Chinese market [1][19] - The Q6L e-tron, a luxury electric SUV, has officially begun pre-sales, showcasing Audi's technological strength and innovation in the electric vehicle sector [3][19] Production and Technology - The Audi FAW New Energy PPE factory is recognized as the most advanced production facility globally, emphasizing a fully digital and automated production system [4] - The factory employs digital twin technology to ensure real-time updates and synchronization between digital models and actual construction progress [4] - Automation is a key feature, with 824 KUKA robots achieving a welding precision of 0.1 mm, significantly enhancing production efficiency and quality [6] - The integration of a comprehensive IT architecture allows for the interconnection of all maintenance, logistics, and manufacturing processes, improving operational efficiency [4][8] Environmental Sustainability - The factory operates under a "zero emissions" plan, achieving 100% photovoltaic coverage and green energy supply, along with a closed-loop water treatment system [10][12] - The facility has implemented various ecological initiatives, including the creation of a micro-ecosystem with local flora and fauna, enhancing biodiversity [12] Supply Chain and Localization - A supply chain ecosystem is forming around the PPE factory, with 50% of suppliers located within a 30-kilometer radius, which increases localization and reduces logistics carbon footprint [14] Future Outlook - By 2025, Audi plans to launch its largest product offensive in China, with the Q6L e-tron positioned as a flagship model, combining German engineering with Chinese manufacturing speed [19]

Financial Performance - The company's net profit for 2024 increased by approximately 366.61% compared to the previous year, driven by expanded sales and profits in the shipbuilding sector, enhanced cost management, and tax incentives from advanced manufacturing policies [2][3]. Research and Development Strategy - The company has established a technology innovation system centered on collaboration with research institutions and universities, focusing on green and smart technologies for future development [3][4]. - Plans to increase R&D investment, particularly in catalyst materials and hydrogen fuel cell applications, are in place to enhance product offerings in the hydrogen energy sector [3][4]. Inventory Management - The company employs a zero-inventory management strategy for downstream customers, producing based on customer orders and ensuring safety stock as needed [3][4]. Competitive Position - As the first domestic company focused on exhaust after-treatment, the company has built a strong brand image and customer base, particularly among leading enterprises in various sectors [4][5]. - The company aims to maintain its competitive edge through continuous R&D, quality management, and by capitalizing on emission upgrade opportunities [4][5]. Future Business Plans - The company plans to deepen its focus on green environmental protection, with projects aimed at enhancing product performance and expanding into new markets, including heavy-duty diesel engines and hybrid systems [4][5]. - In the shipping sector, the company will develop new products such as shipboard carbon capture systems and ammonia-hydrogen engine after-treatment systems to meet market demands [4][5]. Industry Trends - The exhaust after-treatment industry is experiencing rapid growth, supported by national policies and increasing environmental regulations, with significant demand expected from commercial vehicles and non-road machinery [5]. - Future growth points include the implementation of national emission standards and the push for ultra-low emissions in industries like power and steel [5].