Toyota (NYSE: TM) announces that it will allow royalty-free access to its 23,740 hybrid technology patents
The patents covering engines, power converters and batteries are expected to be released as early as next year. 19659002] The Japanese car manufacturer is believed to be holding the hybrid industry starving together, where it has a clear production edge. The BBC reports that the strategy can promote hybrid cars as a bridge to fully electric cars, which may be of particular interest to Chinese automakers. There is also a doubling of the company's major efforts on hybrids without clean electric vehicles in the model portfolio.
Developments at Toyota could be of interest to Nio (NYSE: NIO), Great Wall Motors (OTCPK: GWLLF, OTCPK (OTCPK: GELYY), Kandi Technologies (NASDAQ: KNDI), Volkswagen (OTCPK: VWAGY), Tesla ( NASDAQ: TSLA) and Dongfeng Motor (OTCPK: BYDDY, OTCPK: BYDDF) DNFGY).
Formerly: Toyota grants royalty-free access to hybrid patents (April 3)