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Scage Future reported 203 cumulative vehicle deliveries through June 30, 2026, including 154 autonomous port tractors and 47 Galaxy II plug-in hybrid trucks. The company also detailed new orders, patents and growth initiatives, while disclosing several outstanding Nasdaq listing compliance requirements and their deadlines.
Scage Future said it had delivered 203 vehicles cumulatively through June 30, 2026, and reported new orders worth about RMB 26.86 million in the six months ended that day, as the Nasdaq-listed commercial vehicle company began a program of periodic operating updates. The release also detailed the company’s technology portfolio and disclosed that it remains out of compliance with several Nasdaq listing requirements, with deadlines extending from December 2026 to February 2027.
The cumulative delivery figure comprises 154 autonomous port tractors, 47 Galaxy II plug-in hybrid trucks and two other vehicles. For the fiscal year ended June 30, 2026, Scage reported delivering 78 autonomous port tractors and 40 Galaxy II units. It also said it sold 466 vehicle energy storage systems to external customers during that fiscal year. The company said delivered vehicles are operating in port, logistics, concentrated solar power and agricultural applications.
During the six months ended June 30, 2026, Scage received orders for 43 vehicle units with an aggregate contract value of approximately RMB 26.86 million, according to its announcement. That is an order figure, not a statement that all units have been delivered or that the full contract value has been recognized as revenue. The company also described a five-year capacity assurance framework agreement signed with Shanghai Westwell Technology in July 2025.
Scage reported that its operating subsidiary, Nanjing Scage Automobile Technology, held 96 granted Chinese patents and 17 pending applications as of June 30, 2026. It also listed 10 registered software copyrights and 19 registered trademarks. The company said 34 of its 85 employees work in research and development and that it operates a 1,234-square-meter research, development and testing facility in Nanjing.
Deliveries and Listing Risks
The update gives investors operating figures after Scage said it had not issued periodic operating updates since completing its business combination and Nasdaq listing in June 2025. Delivery totals, orders and energy storage system sales offer a view of commercial activity, but the release does not provide revenue, margins, cash flow or a breakdown of customer concentration. The figures therefore do not, by themselves, establish the company’s financial performance or the profitability of its products.
The Nasdaq disclosures carry a separate, direct risk. Scage said its American depositary shares continue to trade on the Nasdaq Global Market and that the notices have not led to immediate delisting or suspension. However, the company warned that it may not regain compliance within the relevant periods, and failure to do so could result in delisting. Investors are being given both operational data and a clear account of unresolved exchange requirements.
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A New Reporting Cadence
Scage describes itself as a provider of zero-emission heavy-duty commercial vehicles and e-fuel solutions. Its release says the period after its June 2025 business combination was focused on engineering, product certification and customer delivery, rather than periodic operating disclosures. The new program is intended to provide recurring updates, though the announcement did not set out a specific publication schedule.
The company’s technology portfolio includes an intelligently distributed hybrid power system, solid oxide electrolysis cell hydrogen production and an L4 intelligent drive-by-wire chassis. Scage said these technologies are developed by operating subsidiaries in China. It also reported a Canadian patent jointly registered outside China, granted in April 2026, covering a drive apparatus and method for hybrid trucks. The release lists Chinese patents related to an integrated electric drive axle, an SOEC test apparatus and a drive-by-wire chassis.
Scage said Nanjing Scage is listed by Westwell as its largest raw material supplier in 2023, 2024 and 2025 in a prospectus filed with the Shenzhen Stock Exchange. Westwell also identifies Nanjing Scage as a principal supplier of vehicle chassis, frames and related components, and outsourced assembly. These details describe a commercial relationship; they do not establish the terms or future volume of supply.
“The Company has not issued periodic operating updates.”
— Scage Future
Compliance and Commercial Details
Scage identified four areas of Nasdaq noncompliance: the minimum bid price, market value of listed securities, market value of publicly held shares and audit committee composition. It said Nasdaq issued the bid-price notice on June 11, 2026, with a compliance period through December 8, 2026. Notices on the two market-value requirements arrived August 27, 2026, with periods through February 23, 2027. The audit committee matter has a remediation period through December 22, 2026.
The announcement does not say whether Scage has since regained compliance with any requirement, or detail the corrective measures it will take. It also does not give customer names for the reported orders, delivery timing for the 43 units, or financial results tied to the sales. The source material supplied for this article ends partway through a sentence about a July 2026 strategic cooperation agreement, so its partner, terms and scope cannot be stated here.
Deadlines and Future Updates
The nearest disclosed Nasdaq milestone is December 8, 2026, the end of the minimum bid-price compliance period, followed by the audit committee remediation deadline on December 22. The two market-value compliance periods run through February 23, 2027. Scage has not said in this update whether it expects to meet those requirements or what actions it will pursue.
Readers can also expect further operating disclosures under the company’s newly announced periodic update program, although no date or frequency was specified. Future updates would need to clarify delivery progress against the order pipeline, the status of technology and certification work, and any changes to the company’s Nasdaq standing.
Key Questions
How many vehicles had Scage Future delivered by June 30, 2026?
Scage reported 203 cumulative deliveries: 154 autonomous port tractors, 47 Galaxy II plug-in hybrid trucks and two other vehicles.
What orders did the company report?
Scage said it received orders for 43 vehicle units in the six months ended June 30, 2026, with an aggregate contract value of about RMB 26.86 million. The announcement does not provide customer names or a delivery schedule for those orders.
Is Scage Future being delisted from Nasdaq?
No immediate delisting or trading suspension was reported. Scage said its American depositary shares continue to trade on the Nasdaq Global Market, but warned that failure to meet listing requirements within the applicable periods could result in delisting.
What are the company’s Nasdaq compliance deadlines?
The minimum bid-price period runs through December 8, 2026; the audit committee remediation period through December 22, 2026; and the two market-value compliance periods through February 23, 2027, according to Scage.
Did Scage provide a schedule for future operating updates?
No. The company said it is launching periodic operating updates but did not specify how often they will be issued or when the next one will appear.
Source: primary
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