Toyota to grant royalty-free licenses on 24,000 patents to accelerate electrification-related technologies

Toyota Motor Corporation has announced two measures related to its patents and technical knowledge to further promote the widespread use of electrified vehicles. The most significant one for entrepreneurs is the decision to grant royalty-free licenses on nearly 24,000 patents it holds (including some pending applications) for vehicle electrification-related technologies. Read more about the plan here.

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