Toyota Motor Corp. confirmed it will plow as much as $10 billion into the US over the next five years to boost its local operations, less than a month after President Donald Trump flagged the Japanese carmaker planned such an investment.

The announcement clears up a confusing moment from Trump’s visit to Tokyo last month, when he said Toyota would build plants all over the US “to the tune of over $10 billion.” At the time, the automaker wouldn’t confirm such a plan, calling it mere “speculation.”

In a statement marking the start of production at its new battery plant in North Carolina on Wednesday, the automaker provided no further detail, saying only it will spend the funds “to support future mobility efforts.”

Toyota’s top executive in the US, Ted Ogawa, said the battery plant and new

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