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

Jon Capistrano
Jon Capistrano
February 1, 2018

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin
OUR MOST POPULAR POSTS

Trending Posts

Making a Big Deal of Microgrids
Solar

Making a Big Deal of Microgrids

Australia is right now experiencing an energy revolution. It’s profoundly exciting. Yet if there’s one challenge we are facing, it’s that because the speed and scale of change is so vast, it’s easy for certain aspects of it to be overlooked a little now and then.

The Ambitions of the Asian Renewable Energy Hub
Green Energy

The Ambitions of the Asian Renewable Energy Hub

Australia has always known it would build stronger ties throughout Asia. There are many reasons for this, but central is the shared cultural and economic links that connect a nation of 25 million into a region of over 4.5 billion.