Welsh first minister Carwyn Jones has announced TVR will set up a new production facility next to the Circuit of Wales.

Construction of the new factory will commence in April and according to the local authorities it will be up and running in 2018. The facility will be located at Ebbw Vale, Blaenau Gwent, about 25 miles north of Newport where TVR has plans to put together a brand new car. The new investment will generate around 150 jobs in that area once the factory will be fully operational.

The car has not been revealed so far, but we do know it will be powered by a V8 gasoline engine from Cosworth and it will use a carbon fiber chassis structure derived from Formula 1. Although previous reports suggested the car would go on sale in 2017, it seems unlikely to happen taking into account the new factory won’t be ready until 2018. That being said, TVR already has hundreds of orders from anxious buyers, even though they still haven’t seen the car and the technical specifications are not final yet.

TVR’s announcement about setting up shop in Wales comes only a month after Aston Martin revealed plans to open a factory in St Athan, Wales. AM will invest $280 million (£200M) and create up to 1,000 jobs to have the facility up and running by 2020 when the company will start to assemble the DBX crossover.

Note: TVR sports car teaser based on Autocar’s render pictured.

Source: autocar.co.uk

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