The former Holden factory in South Australia has been eyed off by  British billionaire and GFG Alliance boss, Sanjeev Gupta, as a potential site to build electric cars.

South Australian newspaper, The Advertiser, alleged that Mr Gupta approached General Motors Holden to buy assets from the closed factory.

According to the exclusive published this morning, the newspaper obtained a letter written by South Australian Treasurer, Tom Koutsantonis, in which he asked General Motors Holden to support Gupta’s plan.