Disclaimer

The information provided in this website should not be construed as an offer to sell to any person, or a solicitation of any offer to buy from any person, in any jurisdiction, any interests in any products or funds, nor should it be regarded as an investment product or financial advice or be relied upon for any purpose.

While CLSA Capital Partners Limited, its subsidiaries and their respective directors, officers, employees, agents, contractors and advisers (collectively, the "CLSA Capital Partners Group") use reasonable efforts to obtain information from sources believed to be reliable, the CLSA Capital Partners Group does not make any representation or warranty as to the truth, accuracy or completeness of the information (including statements of opinion or expectation) provided in this website or as to the achievement or reasonableness of any future projections, estimates, prospects or returns or any of the assumptions underlying them. The CLSA Capital Partners Group shall not have any liability (whether arising from negligence or otherwise) for any representations (expressed or implied) contained in, or for any omissions from, the information on this website. None of the information provided in this website has been approved by any governmental or other authority in any jurisdiction.

The investments described in this website were selected to illustrate types of investments that the funds sponsored by the CLSA Capital Partners Group may pursue. Therefore, these investments are not indicative of future investments or the actual or anticipated performance of the funds, sponsored by the CLSA Capital Partners Group, through which such investments were made, nor should such investments be viewed as representative of the portfolio of investments held by such funds.

The content provided in this website is, unless otherwise specified, directed at residents of the United States and not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject the CLSA Capital Partners Group to any registration or other requirement within such jurisdiction. Access to this website may be limited with respect to any person, geographic region or jurisdiction, and the information contained in this website is subject to change without notice

As a result of the global outbreak of COVID-19, there have been substantial disruptions in the global financial system. As a result of these disruptions, we are relying on the relief granted in the SEC Order provided in Release IA-5469 from the requirement to file our annual amendment to Form ADV on or before 30 March 2020. We will update our Form ADV before 15 May 2020.


Disclosure

In accordance with the Financial Instruments and Exchange Law of Japan, certain information is made available for Japanese investors upon request. Please email us at Capital.Partners@clsa.com.

免責事項

当サイトに掲載しているCLSA Capital Partners Limitedの運用するファンド（以下「ファンドという。」）に関する情報は、投資に対する助言または販売の勧誘を目的としたものではありません。またこれらの情報は特定の金融商品等の売買の推奨又は投資助言を意図したものではありません。

CLSAの関連会社、並びにその役員、管理者、従業員、代理人、契約者及び助言者（以下、「CLSAキャピタルパートナーズグループ」という。）は、当サイトに掲載する内容（意見や将来の見通しについての記述を含む）に関しては万全を期しておりますが、その公正性、正確性及び完全性、並びに将来の業績、予測、及びパフォーマンスの実現性や合理性に関する記述又はその表現について、表明又は保証するものではありません。またCLSAキャピタルパートナーズグループは当サイトで掲載している情報、又はその内容における完全性及び正確性を、明示的にも黙示的にも保証しておりません。当サイトの内容は関係官庁に承認されたものではありません。

当サイトに記載された投資案件は、CLSAキャピタルパートナーズグループが過去に取り組んだ投資の一例として選択されたものであり、CLSAキャピタルパートナーズグループが将来取り組む投資の内容及びそれらの業績の予測を示すものではありません。当サイトに掲載されている情報は、その情報の配布又は使用がその地域や国の法律や規制の違反となるような地域や国、又はファンド及びCLSAキャピタルパートナーズグループが登録義務を負うような地域や国の個人または組織への配布又はこれらによる使用を意図したものではありません。


About New Vision

CLSA Capital Partners’ flagship China market strategy, CLSA China Growth Strategy, acted as the proprietary financial investor in the current strategic round of equity financing for Jiangsu Zejing Automotive Electronics Co., Ltd. ("New Vision" or the “Company”).

  • Key highlights
    • New Vision is China’s leading player in Head-up Display (“HUD”) for automotive electronics industry in China
    • China foresees a sustained shift to New Energy Vehicles (“NEV”) in the upcoming years and HUD is becoming a standard configuration
    • New Vision is cooperating with NEV makers such as BYD, Li Auto, Nio, Geely. These companies, together with FAW, SAIC and BAIC, represent some of the largest automobile manufacturing groups in China
    • China Growth Strategy took the proprietary financial investor role in the strategic investment round
    • Investment decision making followed responsible investing guidelines and took ESG factors into consideration
New Vision


Business profile and market leadership

New Vision is a leading player in the automotive electronics industry, particularly in the manufacturing of HUD’s in China.

The Company leverages its R&D expertise and wide coverage with downstream automakers. New Vision is currently the first-in-class player for the HUD industry with an extensive client base. Founded in 2015, New Vision specializes in providing visual solutions for the expanding intelligence vehicles industry. The Company’s main products include Windshield HUD, Augmented Reality HUD, Camera Monitoring System, transparent A-pillar, and transparent window displays.

  • New Vision


  • New Vision


New Vision owns China’s first fully automated production line of W-HUD products, which have been widely recognized by several of the largest automakers in China. As the market share of domestic suppliers continues to rise in the auto parts industry, New Vision, as the leading HUD domestic player, is expected to enjoy strong growth driven by increasing penetration of HUD.

New Vision





ESG considerations

As a signatory to the United Nations Principles for Responsible Investment (“UNPRI”), CLSA Capital Partners follows a proprietary set of internal responsible investing guidelines, and is committed to the thorough consideration of ESG factors in portfolio investment.

China’s automobile industry is seeing a continued shift towards NEVs. New Vision is able to meet the increasing demand from automakers and provide environmentally friendly cars to a greater number of consumers. The investment in New Vision exemplifies how CLSA Capital Partners and CLSA China Growth Strategy incorporates considerations surrounding ESG in its investment decision making processes.