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Toyota (NYSE: TM) Announces It Will Allow Royalty-Free Access to its 23,740 Hybrid Vehicle Technology Patents
Patents covering motors, power converters and batteries are expected to be published next year.
It is believed that the Japanese manufacturer is committed to ensuring that the hybrid industry continues to operate, where it has a clear advantage in manufacturing. The BBC reports that the strategy could promote hybrid cars as a gateway to all-electric vehicles, which could be of particular interest to Chinese automakers. This is also a doubling of the company's major gamble on hybrid vehicles without any electric vehicle in its portfolio of models.
The developments at Toyota could be of interest to Nio (NYSE: NIO), Great Wall Motors (OTCPK: GWLLF, OTCPK: GWLLY), BYD (OTCPK: BYDDY, OTCPK: BYDDF), Geely Automobile (OTCPK: GELY), Kandi Technologies (NASDAQ: KNDI), Volkswagen (OTCPK: VWAGY), Tesla (NASDAQ: TSLA) and Dongfeng Motor (OTCPK: DNFGY).
Previously: Toyota grants duty-free access to hybrid patents (April 3)
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