In a historic move, New Gonow Recreational Vehicles Inc., the parent company of Snowy River Caravans, listed on the Hong Kong Stock Exchange (HKEX) last week. The listing caps an impressive decade-long run which began back in 2015 when Regent Caravans was purchased by a subsidiary of the New Gonow Group, leading to the development of the Snowy River brand.

Since then, Snowy River has grown to become the second-largest caravan brand in Australia and New Zealand, with a number of ranges catering to travellers of all budgets and styles, from pop-tops and hybrids to multi-terrain and luxury caravans.

Driven largely by Snowy River's success, New Gonow RV has achieved an annual average revenue growth rate of more than 30% over the past 5 years, well above the industry average. After listing on the HKEX, New Gonow RV sold 240 million shares for AUD$0.26 each, closing the trading week with a share price of AUD$0.30 and a market capitalisation of AUD$213 million - a remarkable achievement, and one which speaks to the company's success over the past decade.

We'll be sure to keep an eye on New Gonow RV's performance over the coming months and throughout 2025, but suffice to say, the future looks bright. For more information, read the full press release below.

New Gonow Recreational Vehicles Inc. Lists on the Hong Kong Exchange (HKEX) 

Hong Kong, China – January 13, 2025 – New Gonow Recreational Vehicles Inc., a leader in the Australian and New Zealand  recreational vehicle (RV) industry and parent company of Snowy River Caravans, has officially listed on the Hong Kong  Exchange (HKEX), marking a historic milestone as the first RV manufacturer to go public on the exchange. 

Over the past 5 years New Gonow RV has achieved an average annual revenue growth rate exceeding 30%, significantly  outperforming industry averages. New Gonow RV sold 240 million shares to investors at HK$1.27 (AUD$0.26) each. By the end  of its opening week on 17/1/2025, the stock closed at HK$1.43 (AUD$0.30), giving the company a current market  capitalisation of approximately HK$1.03 billion (AUD$213 million). 

The company’s subsidiary, Snowy River Caravans, has been instrumental in integrating the strengths of both China and  Australia in resources, technology, sales and service. Being a member of the New Gonow RV family has propelled Snowy River  Caravans to become the second-largest RV brand in the Australian and New Zealand markets, with a steadily growing market  influence. 

In response to the announcement, Andrew Crank, CEO of Snowy River Caravans, stated: 

"This is an incredible milestone for New Gonow RV, and a testament to our exceptional, hard-working and dedicated team. As  part of the New Gonow RV family, Snowy River Caravans is excited about the opportunities this brings for our continued  innovative growth in products and retail outlets. This listing strengthens the foundation upon which we deliver increasing  value, quality, and service to our customers across Australia and New Zealand." 

New Gonow RV's diverse product lineup caters to a wide range of consumer needs, from luxury to budget-friendly models,  also including family friendly and off-road adventure bound variants. The company remains at the forefront of technological  research and innovation, continually investing in R&D to enhance vehicle performance, safety, and comfort. 

The listing on the HKEX marks a significant milestone in New Gonow RV’s growth journey, providing increased capital support  to expand model range, production capacity, R&D investment, retail sales channels, and enhance brand influence. New  Gonow RV is poised to continue its growth, accelerate its global expansion plans, and solidify its position as a leader in the RV  industry. 

About New Gonow RV 

New Gonow Recreational Vehicles Inc. is a leading manufacturer and retailer of recreational vehicles, committed to creating  high-quality RV Products for customers worldwide. With a comprehensive product lineup and a focus on innovation, New  Gonow RV has gained widespread recognition in both domestic and international markets. 

About Snowy River Caravans 

Snowy River Caravans is a renowned Australian RV brand known for its commitment to value, quality, and customer service.  As a subsidiary of New Gonow RV, Snowy River Caravans continues to deliver exceptional products tailored to the diverse  needs of the caravan and camping community.


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