YASA electric motor company moving to former RAF base site
Paul Fitzpatrick, head of marketing and communications at YASA, said: "We are delighted that our new UK HQ has the official green light.
"This is significant news for our staff, customers and wider supply chain.
"We have worked closely with the Bicester Motion team to ensure that our new facility matches our ambitions as part of Mercedes-Benz, right here in Oxfordshire, the heartland of automotive technology."
Daniel Geoghegan, chief executive at Bicester Motion said: "YASA has impressive plans to continue accelerating its business in Oxfordshire, the unrivalled home of world-leading automotive technology and mobility brands."
He said "positive discussions" were continuing "with a range of future mobility and advanced technology companies for our remaining new buildings".