Brewery AB InBev opened a new brewery in China, which will produce 1.5 tons of beer. It will be the company’s largest Asian brewery and the company’s goal is to take full advantage of the growing Chinese middle-class.
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From 2019 onward, Swedish car brand Volvo will only manufacture cars with a hybrid or electric engine, eliminating the traditional models entirely.
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American electric car manufacturer Tesla has posted a 121 million dollar (115 million euro) net loss for its fourth quarter. Its previous quarter had resulted in a 21.9 million dollar (20 million euro) profit.
Thanks to record sales, the American car manufacturer Tesla finally managed to have a profitable quarter.
Elon Musk launched his master plan about 10 years ago, dedicating plenty of attention to the development of the electric car. Right now, the man behind PayPal and Tesla gave an update to his grand plan.
American electric car manufacturer Tesla has unveiled its Model 3, a new type that should appeal to a larger and wider crowd. With a 30,000 euro price tag, the Model 3 is clearly cheaper than Tesla's other cars.