Nissan is poised to confirm its new electric Qashqai and Juke models will be built in Sunderland, suggesting a vote of confidence in the UK.
Nissan, which already produces vehicles in Sunderland, will on Friday commit to building the new models at the site, according to the Financial Times.
New investment in the plant, aided by government funding, could be in the region of £1 billion and help preserve around 6,000 jobs, reports say.
This comes after Chancellor Jeremy Hunt announced on Wednesday that rules allowing companies access to tax breaks, following investment in the likes of plants and machinery, would be made permanent.
Some £2 billion of public funding aimed at encouraging investment in the low-carbon automotive sector would also be made available in the five years to 2030, Hunt revealed.
Nissan itself has already utilised funding from the scheme which will receive this boost - known as the Automotive Transformation Fund - having expanded its Sunderland plant last year.
Given the announcements were part of a wider bid Hunt said would help shore up confidence in the UK’s electric vehicle sector, new investment from Nissan would provide a boost.
Britain has previously struggled to encourage investment in the sector, rivalled by generous subsidies offered to manufacturers in Europe and the US.
New post-Brexit rules placing tariffs on electric vehicles being shipped between the EU and UK from January have also placed doubt over future investment, with manufacturers set to be taxed if parts of their cars are not sourced from within either.
Nissan, however, is set to avoid such tariffs in the future with its own battery production plant set to open at the Sunderland site this decade.
The company already produces older Juke and Qashqai models in the UK, meanwhile, and has confirmed previously that its new Nissan Leaf will be built in the country too.