Aston Martin has chosen St Athan in South Wales as the location for production of its new DBX model.
The site, in the Vale of Glamorgan, beat 20 other locations from across the world to the contract and the project will create 750 jobs for the local community.
Some of the super-hangars on site at the St Athan MOD facility will be re-purposed for the production of the luxury crossover, with work beginning in 2017, along with the development of a skills academy. Production of the new models will start in 2020.
Andrew Palmer, Aston Martin's chief executive, said, "Through a detailed evaluation of over 20 potential global locations for this new facility, we were consistently impressed with the focus on quality, cost and speed from the Welsh government team.
"As a great British company we look forward to St Athan joining Gaydon as our second centre of handcrafted manufacturing excellence."
Welsh First Minister Carwyn Jones said, "We will work together in building on the strong foundations of our partnership to nurture a prosperous and rewarding future for this iconic company and its skilled workforce in Wales."
The next generation of Astons will continue to be produced at the Warwickshire plant, including the new DB11 and the RapidE, an all-electric model that will go into production in 2018.
Author: Jack Healy