Toyota Motor will provide free access to its hybrid-vehicle patents through 2030,
Toyota stated it would grant licenses on almost 24,000 patents on technologies used in its Prius, the first mass-produced “green” car of the world, and offer to supply rivals with components consisting motors, power converters and batteries utilized in its lower-emissions vehicles.
“We want to look beyond producing finished vehicles,” Toyota Executive Vice President Shigeki Terashi informed reporters.
“We want to contribute to an increase in take-up (of electric cars) by providing not just our technology but our present parts and systems to other vehicle makers.”
The Nikkei Asian Review first reported Toyota’s strategies to give royalty-free access to hybrid-vehicle patents.
Terashi stated that the access excluded patents on its lithium-ion battery technology.
