#cleantechEUROPE

Thank you

A Spotlight on China with Shelby Chen, Managing Partner, Tsing Capital

#cleantechEUROPE

Richard Youngman

CEO Cleantech Group

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China’s economy continues to evolve

03

• Slower economic growth. An economy in transition… • From investment-led to consumption-led. • From manufacturing to services • From physical input-based to knowledge-based

• FYP’s no longer GDP-dominated: • Well-being & sustainable development at the core of 13th FYP • Strategic Emerging Industries include new materials, new-

energy vehicles, new energy, energy efficient and environmental technologies

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Xi’s China seems prepared to lead

04

• Air pollution is real, an environmental & sociopolitical issue • A carbon price > the world’s largest

carbon market • The 984 EIAs have been de-coupled

from local govt to give monitoring more teeth

• No signs of backing off Paris, Mission Innovation, etc. – whatever Trump does

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Emphasis on innovation, foreign & homegrown

05

China led Asia Pacific in Western venturing Homegrown innovation is on the rise

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X-border deals – hard to do, worth the pain?

06

• Relationship-driven business culture requires long-term investment and initial hands-on involvement

• Can’t be “semi-committed” about entering the China market

• Wariness re IP and perceptions about a non-level playing field

• Be patient in the courting/assessing phase. The reward is “China speed” – very fast-paced once you are “in”, if suitably aligned with the “right” partner

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Select recent x-border “core cleantech” deals

07

Developer of solid state thermal management solutions for electronics cooling, cold storage refrigeration and transport and climate control

$40M Growth Equity

Developer of solid-state ultraviolet disinfection of water, air and surfaces

$26M Growth Equity

Developer of in-wheel electric drive systems

$70M Growth Equity

Manufacturer of hybrid and electric vehicle drivetrains

$7.8M Growth Equity

Developer of continuously variable transmission and hybrid powertrains

$1B Acquisition

Description Deal Size Participating Chinese Investors/Partners Company

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Select recent x-border “core cleantech” deals

08

Provider of battery systems for electric vehicles and large-scale power grid applications

$400M Growth Equity

Developer and manufacturer of proton exchange membrane fuel cell products

$25M Licensing

Developer of sustainable feedstock solutions for the biofuels, biopower and biobased products' industries

Distribution partnership

Provider of hardware, process, and materials solutions to streamline production of OLEDs

$88M Growth Equity

Developer of a non-halogen and non burning family of transparent high flow thermoplastics

$22.6M Growth Equity

Description Deal Size Participating Chinese Investors / Partners Company

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Select recent x-border “enabling tech” deals

09

Developer of LiDAR sensor technology with applications across many industries

$150M Growth Equity

Developer of AR technology for manipulating 3D content using natural hand gestures

$50M Series B

Developer of an agile IoT platform $39M Growth Equity

Developer of AR technologies for automotive vehicles

$18M Series B

Developer of advanced self-driving technology for the automotive industry.

$6M Series B

Description Deal Size Participating Chinese Investors / Partners Company

#cleantechEUROPE

Thank you

A Spotlight on China with Shelby Chen, Managing Partner, Tsing Capital

#cleantechEUROPE

#cleantechEUROPE

#cleantechEUROPE

#cleantechEUROPE

NEXT

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If you will be joining us for the 13th Cleantech Forum Europe Dinner & Awards, you will have the choice of one of two boat departure times (6:15pm or 6:50pm) to take you across to Klippan Island, where pre-dinner drinks will be served.