Toyota to invest 10 billion dollars in US

Toyota Motor said it plans to invest as much as 10 billion dollars in the United States over the next five years.

The move comes as US President Donald Trump has been pressuring global automakers to shift more production to the country. Toyota Motor North America’s CEO, Ogawa Tetsuo, made the announcement on Wednesday at the opening of a new battery plant in Liberty, North Carolina. It will produce lithium-ion batteries for electrified vehicles. He described this as “a pivotal moment” in the company’s history.