The luxury carmaker Aston Martin has announced it will open a new factory in south Wales, creating more than 750 jobs, the Guardian reports.

The luxury marque will build its new DBX crossover model at a plant in St Athan in the Vale of Glamorgan from 2020 following a worldwide search for a new manufacturing facility.

The plant will be Aston Martin’s second factory and would create an estimated 1,000 jobs in the wider supply chain and local businesses, the company said.

The firm is famous for the sporty models associated with James Bond. Daniel Craig drove an Aston DB10 in the latest Bond movie, Spectre.

Aston Martin’s chief executive, Andrew Palmer, said: “Through a detailed evaluation of over 20 potential global locations for this new manufacturing 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 center of handcrafted manufacturing excellence.”

The Welsh first minister, Carwyn Jones, said: “I am delighted to officially welcome Aston Martin to Wales. We have been working closely with the company for almost two years in the face of fierce competition from other potential sites across the world.”

The Welsh economy minister, Edwina Hart, said the plant making the DBX would mean cars rolling off a production line in Wales for the first time in almost 50 years.

She said: “We already have more than 150 companies involved in the automotive supply chain, employing around 18,000 people and generating over £3bn to the Welsh economy, but this will be the first time in almost 50 years that we will be seeing vehicles roll off a production line in Wales.”