Chinese airline owner Juneyao Group plans to enter booming EV market

Chinese airline owner Juneyao Group plans to enter booming EV market

Source: CHUTTERSNAP/Unsplash

Juneyao Group, the parent of Chinese carrier Juneyao Airlines, 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.