British Billionaire Sanjeev Gupta Is Bidding To Make Electric Cars in Australia

If the bid is successful, the purchase will bring Australia’s dead car manufacturing industry back to life.

British billionaire Sanjeev Gupta is set to bid for industrial assets at General Motors Co’s former manufacturing site in South Australia as reported by Reuters.

Mr. Gupta looks set to change the face of the Australian car industry. He also has plans to use solar energy in providing power in manufacturing steel.

Mr. Gupta’s GFG Alliance wants to use technology that was developed by its partner Gordon Murray Design in building the electric cars.

Based on discussions I have had with the GFG Alliance I understand that, should they be the successful bidder, they intend to develop the site as a manufacturing base for an electric vehicle.

Tom Koutsantonis, South Australia state treasurer

Click here to read the full story on Reuters

 

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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