Talkie. Japan’s automobile giant Toyota has announced a $10 billion investment in the United States. This investment plan is a confirmation of initial comments made during US President Donald Trump’s visit to Asia.

In October, Trump met with Toyota CEO Akio Toyoda during a visit to Tokyo and told him that “they’re going to spend $10 billion, they’re going to build new car plants, and it’s going to be in various U.S. states.”

At the time, Toyota’s finance chief, Kenta Cone, said the $10 billion figure was “hard to prove.”

In a statement on Thursday, the company said it would make an “additional investment” of $10 billion in the United States over the next five years. According to Toyota, the new investment will bring the company’s total investment in the United States to about $ 60 billion. It started about 70 years ago when the company started its U.S. operations.

The announcement coincided with the opening of the first U.S. factory to produce lithium-ion batteries for electric and hybrid vehicles. The plant in North Carolina is Toyota’s 11th production facility in the United States, with a capital investment of about $14 billion and 5,100 new jobs.

Japan and the United States have agreed to reduce the tax rate on automobiles from 25 percent to 15 percent, and the government of Tokyo has decided to invest $550 billion in the US economy.

The Trump administration has been encouraging Japanese automakers to export their U.S. factory-made vehicles to Japan. Toyota’s head of public affairs, Hiroyuki Uda, said at the Tokyo Motor Show that efforts are being made to adjust Japanese certification standards with the United States. If these preparations are successful, we will be willing to seriously consider it. ’

According to Toyota, about half of the company’s sales in the U.S. last year were imported from overseas. Most of them were vehicles made in Canada and Mexico, while about 281,000 Japanese cars were also sold in the United States.

The investment is expected to strengthen Toyota’s U.S. market presence and expand the company’s leading role in electric vehicle production.