Toyota to invest US$10bn in the US in next five years

Core Viewpoint - Toyota Motor Corporation plans to invest US$ 10 billion in its US operations over the next five years, reinforcing its commitment to the US market as part of trade negotiations with the US government [1][4] Investment Details - The new investment will increase Toyota's total investment in the US to US$ 60 billion since its establishment in the country approximately 70 years ago [2] - Currently, Toyota employs around 50,000 people in the US across 11 manufacturing plants and has produced over 35 million vehicles in the country [2] Battery Plant Opening - The announcement coincided with the opening of Toyota's first overseas electric vehicle battery plant in North Carolina, which involved an investment of US$ 13.9 billion [3] - The new facility, Toyota Battery Manufacturing North Carolina (TBMNC), is dedicated to producing lithium-ion batteries for battery electric vehicles and hybrid vehicles, and is expected to employ about 5,100 people at full production [3] Strategic Approach - Toyota's new battery plant is part of its 'best-company-in-town approach,' focusing on local investment and production while contributing to the local community [4] - Tetsuo Ogawa, president and CEO of Toyota Motor North America, emphasized that the investment marks a pivotal moment in the company's history and reinforces its commitment to various stakeholders [4]