Its first fully electric model will build in Europe and specifically in a Czech plant or Toyota, As the automotive industry said Wednesday.

It will also invest in a new battery assembly installation in the factory.

The Japanese automaker did not reveal details of the model or the production schedule, but stated that will invest about 680 million euros for the expansion of her factory in Colin.

The Czech government will invested up to 64 million euros In the special battery installation, Toyota said.

The automotive industry is about 10% of Czech GDP and Toyota’s decision to build an electric vehicle in Colin was a key step towards “maintaining cars in our country,” Czech Prime Minister Petr Fyland said.

Toyota, the world’s largest sales industry, is more cautious about approaching electric vehicles than its traditional competitors, which has helped it last year, as global demand for electric vehicles has slowed.

The company has benefited from the demand for the expanding series of models, including its larger market, the United States.

Earlier this year, Toyota said it would launch a total of nine fully electric models in Europe in 2025 and 2026 for Toyota and Lexus brands.