5 years ago
Toyota to allow free access to 24,000 hybrid and electric vehicle tech patents to boost market
Toyota Motor Corp. said Wednesday it will allow royalty-free access to its nearly 24,000 patents for hybrid and other vehicles using electrification technology in a bid to expand competition in the market as the industry adopts stricter emissions regulations. Rather than shutting rivals out, Toyota hopes that making its motor and battery technology accessible to other companies will broaden the market, in particular for hybrids, a field the auto giant leads with its Prius vehicles.
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