St Athan in Wales will become Aston Martin’s home of electrification, it has been announced.
The car manufacturer has confirmed its second major production facility in the UK will be home of the Lagonda brand, which is the world’s first zero emission luxury marquee.
The facility in St Athan will be the place where Aston Martin’s first Battery Electric Vehicle – known as Rapide E – will be manufactured.
This is the company’s first all-electric production model, creating a vehicle is at its highest level of performance.
It is another huge boost for British business, showing a confidence in the workforce and economy.
The company has previously signed a multi-million investment deal to drive trade between the UK and Japan, strengthening post-Brexit trade ties between the two countries.
And this latest announcement is sure to drive trade between the UK and other countries, in a show of UK economic confidence.
The International Trade Secretary, Dr Liam Fox MP, is delighted that this confirms the UK’s importance as an investment destination.
He said: “I’m delighted that Aston Martin has chosen St Athan as its centre for electrification and the home of Lagonda production in a move that will create hundreds of high skilled jobs in the coming years.
“The UK has world leading expertise in manufacturing and developing low carbon vehicles and this investment is yet another vote of confidence in our highly competitive automotive industry.
“My international economic department continues to work with investors to create jobs in all parts of the country, maintaining the UK’s position as Europe’s premier investment destination.”
It is further demonstration of Aston Martin’s commitment to the UK and this £50 million investment for the St Athan site will also result in up to 750 high skilled jobs in South Wales in the next few years, including the 150 already recruited.