Sports car maker TVR is set to open a new factory in south Wales, it has been revealed.
The British manufacturer will use the new plant in the Ebbw Vale Enterprise Zone to build its latest high-performance model.
It is hoped the factory, which will create about 150 new jobs, will be producing around 2,000 cars per year by 2022.
TVR's chairman, Les Edgar, says the factory will be kept busy fulfilling the firm's orders, which already run through to the end of 2018.
Although the design details of TVR's latest model will not be unveiled until later this year, more than 350 people have already paid a deposit for one.
Mr Edgar says: "South Wales is becoming a major hub for automotive and motorsport technology and development and I am delighted TVR is investing here.
"We have a sports car project that has attracted global approval and excitement, and we are delighted that the Welsh Government wishes to become a part of an exciting new era for TVR."
News of the new manufacturing facility comes just four weeks after it was announced that luxury car manufacturer Aston Martin is to open a new plant in south Wales.
Wales' First Minister, Carwyn Jones, says: "TVR is another iconic and much loved world-class brand that still commands a strong and loyal international following.
"I am delighted the next generation of TVRs will proudly bear the label Made in Wales."
Copyright Press Association 2016. Motoring News articles do not reflect the RAC's views unless clearly stated.