Chinese airline owner Juneyao Group plans to enter booming EV market -sources

SHANGHAI, Aug 23 (Reuters) – Juneyao Group, the parent of Chinese carrier Juneyao Airlines (603885.SS), plans to start making electric vehicles (EV), two people with knowledge of the matter said, as it seeks to diversify from businesses that have been hit hard by COVID. Shanghai-based Juneyao, owned by Chinese billionaire Wang Junjin, his brother and …

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