(Bloomberg) -- The UK automotive industry secured a rare win after Formula One outfit Red Bull Racing Ltd. announced it will make its first-ever production car in the country.

Red Bull Racing will start assembling the £5 million ($6.1 million) RB17 -- a track-only hybrid car with more than 1,100 horsepower -- at its facilities in Milton Keynes, England, starting in 2025, the firm said Tuesday. The production, which is limited to 50 units, will create over 100 new jobs and secure existing roles, it said.

The move is good news for UK industrial development after automakers including Honda Motor Co. scaled back their operations over Brexit and the industry’s shift to battery-powered vehicles. The new model will be designed by Adrian Newey, the Formula 1 team’s technology chief who collaborated with Aston Martin Lagonda Global Holdings Plc to develop the Valkyrie hypercar.

“The RB17 marks the first time that a car wearing the Red Bull brand has been available to collectors,” Red Bull Racing Chief Executive Officer Christian Horner said. “The RB17 distills everything we know about creating championship-winning Formula 1 cars into a package that delivers extreme levels of performance in a two-seat track car.”

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The RB17 will be designed around a carbon-composite tub and its buyers will get access to Red Bull Racing’s simulators and on-track training and experiences.

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