Toyota to Open Hybrid Vehicle-Related Patents for Free
Nagoya, April 3 (Jiji Press)--Toyota Motor Corp. <7203> said Wednesday it will grant to other firms royalty-free licenses on some 23,740 hybrid vehicle technology patents held by the company.
The decision is partly aimed at helping expand the market for such automobiles, for which the leading Japanese automaker has strength, amid growing moves to tighten fuel economy regulations across the globe. The patents will be open for free until the end of 2030.
Toyota has been leading the global hybrid vehicle market while lagging behind other automakers in the commercialization of electric vehicles.
Against the backdrop, the company opted to open its hybrid vehicle patents in a major policy shift, in order to help lower production costs for electric vehicles, which share some parts with hybrids, and to catch up with rivals in the electric vehicle market.
Toyota is discussing details of the move. Patents on core hybrid technologies, such as motors and power conversion systems are expected to be opened for free use, informed sources said.
[Copyright The Jiji Press, Ltd.]