Paice Technology Licensed by Toyota, Ford, Hyundai, Honda, GM and others
Paice has licensed its hybrid vehicle technology portfolio to the many of most significant automakers in the world – Toyota, Ford, Hyundai/Kia, Honda, GM and others – who collectively account for more than 80% of all hybrid vehicle sales in the United States.
Toyota, the undisputed leader of the hybrid industry, signed a licensing agreement with Paice in 2010. The global licensing agreement allows Toyota access to all Paice technology.
Hyundai and Kia signed a licensing agreement with Paice in 2015. The South Korean automakers have announced plans to triple the number of fuel-efficient cars they offer, and are rolling out up to five new eco-friendly cars by 2023.
Paice also has an agreement with Volkswagen, Audi and Porsche related to its hybrid vehicle patents. The 2017 agreement resolved all legal issues related to Paice’s hybrid technology. Read the press release.
Ford, which ranks second in U.S. hybrid car sales, signed a licensing agreement with Paice in 2018. The automaker has announced that it “is going all-in on hybrids” and plans to offer 40 hybrid and fully electric vehicles by 2022.
Honda, one of the world’s leading car companies, signed a licensing agreement with Paice in 2018. Honda has ramped up its investment in hybrid vehicles and plans to generate two-thirds of its global sales from electrified vehicles by 2030.
GM took a license to Paice’s patent portfolio in 2019.
Daimler and Paice reached an agreement to license patented hybrid technology in 2020.
Read the history of Paice’s licensing success.
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