Major car manufacturer Toyota has announced plans to invest $10 billion into its U.S. manufacturing operations over the next five years after opening its first-ever U.S. battery manufacturing facility earlier this week.

“Toyota Motor Corporation (Toyota) announced an additional investment of up to 10 billion USD in the United States over the next five years,” the company said in a release.

“This will bring the company’s total U.S. investment to nearly 60 billion USD since beginning operations in the U.S. nearly 70 years ago.”

The $10 billion investment is in addition to $14 billion the company has already invested in establishing the battery manufacturing facility in North Carolina.

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