New Gonow RV (00805) Surges Nearly 15% in Late Trading as Ten Government Departments Jointly Roll Out Measures to Boost RV Consumption, Company Maintains Leading Market Share in New Zealand and Australia

Stock News
Sep 25

According to Zhitong Finance APP, New Gonow RV (00805) rose nearly 15% in late trading. As of press time, it was up 14.49% at HK$10.39, with a turnover of HK$27.2066 million.

On the news front, on September 18, the General Office of the State Council forwarded the "Several Measures on Promoting RV Consumption" issued by the Ministry of Culture and Tourism and nine other departments, systematically removing bottlenecks in RV consumption from seven aspects: improving the quality of RV supply, optimizing RV registration and scrapping management, ensuring RV passage and parking, strengthening RV campground construction, enhancing the supply of RV tourism products, improving RV rental services, and increasing financial support.

This is another policy "gift package" for the RV industry at the national level, following the "Notice on Several Measures to Cultivate and Expand Automobile Aftermarket Consumption" issued by the Ministry of Commerce and eight other departments in June this year.

As the first domestic RV company listed in Hong Kong, New Gonow RV relies on the efficient synergy between its intelligent manufacturing base in Tongxiang, Zhejiang and its assembly base in Melbourne, Australia, to continuously deepen its presence in mature overseas markets. Its towable RV export business firmly ranks at the top in terms of market share in the Australia region.

New Gonow believes that the introduction of this new policy marks that the RV industry has officially moved from a "policy cultivation period" into a "consumption activation period."

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