Chinese Caravan Priced Like a Honda Vision Scooter

On April 30, after a month-long trading suspension, New Gonow RV (00805.HK) released its 2025 annual report. Revenue was 871 million yuan, up 0.8% from 2024, but net profit attributable to shareholders fell 28.9% to 30.82 million yuan. Gross margin dropped from 31.1% to 27.2%. The company cited macroeconomic volatility, margin pressure from new hybrid off-road models, and higher selling expenses from expanding self-operated stores. The audit delay was due to cross-border complexity: its Australian subsidiary Regent and three affiliates posted a net loss of about 9.2 million yuan.

In Ju County (Rizhao, Shandong Province), interest in RV travel and camping is rising. Local authorities leverage cultural tourism resources and RV manufacturing advantages to stimulate consumption and promote a 'slow life' experience.

In bed car mode, the sleeping area measures 1.8–2.0 m in length and 1.2–1.5 m in width. The rear seats fold in a 4/6 split, creating a nearly flat surface with the trunk. The car is 4890 mm long with a 2810 mm wheelbase. The hybrid version offers a CLTC combined range of 1400 km, the EV version 510 km. Warranty: 6 years or 150,000 km.

A new RV campground has opened on Kaisha Island in Nantong, Jiangsu Province. The site is located within one of China's first sports and leisure towns. During the May Day holiday, the campground attracted numerous visitors.

The owner of a 2013 Volkswagen Touran converted it into a camper with a 1.9-meter flat bed. The vehicle was purchased for 30,000 yuan (about $4,000) and used for a trip along the Dandong-Hushan-Tianmenshan-Benxi route in October. The owner noted that the interior height allows sitting upright and seats are easy to remove.

A user from Sichuan province posted criticism of his cousin's DIY camper van, arguing that the design is overly complex and prone to malfunctions. He advises keeping camper van builds as simple as possible.