A Driving Force Behind Today’s Hybrid Vehicle Technology
Paice has been at the forefront of hybrid technology for more than 20 years. Led by an innovative and experienced team of automotive veterans, Paice made its mark by discovering new ways to maximize fuel efficiency and reduce harmful emissions without sacrificing driving performance.
Popular hybrid electric vehicles in the US market
Paice sues Ford for patent infringement
To protect its inventions, Paice filed a patent infringement lawsuit against Ford in February 2014. That lawsuit has been stayed pending the resolution of 22 inter partes review proceedings before the U.S. Patent Office. Paice has now filed a complaint with the U.S. International Trade Commission (ITC) requesting an investigation into the infringement of Paice's patents by hybrid vehicles Ford imports into the United States. Paice asks the ITC to permanently ban Ford from importing any infringing vehicles, including the Ford Fusion and Lincoln MKZ hybrids. Click here to read the complaint. Learn more about the litigation.
Paice settles dispute with VW, Audi and Porsche relating to hybrid vehicle patents
Paice and the Abell Foundation have entered into a settlement agreement with Volkswagen, Audi and Porsche regarding Paice’s hybrid vehicle patents. Terms of the agreement are confidential. The agreement brings an end to all pending legal issues between the companies. Read the press release.
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Paice is a small American company that played a big role in the development of today’s hybrid vehicles. By developing hybrid technology before major automakers began to focus on the potential advantages associated with electrification of the powertrain, Paice's technology laid the foundation for cost effective hybrid vehicles that provide fuel efficiency and low emission levels. See how Paice laid the foundation for today’s hybrid vehicles.
Hybrid vehicles — which combine the use of an internal combustion engine and one or more electric motors to improve fuel efficiency — have never been more popular. The sale of hybrid vehicles continues to grow thanks to an expanding selection of vehicle choices and more competitive pricing. Learn more about hybrid electric vehicles.
Paice's inventions are considered among the most significant in the hybrid industry. An independent analysis of 58,000 hybrid vehicle patents found that Paice owned four of the Top 10 most influential hybrid vehicle patents in the world. That's more than Toyota and Ford combined. Read the Griffith Hack report.
Paice Technology Licensed by Toyota, Hyundai and others
Paice has licensed all or part of its hybrid vehicle technology portfolio to automakers who account for more than 90% 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 with a goal of becoming number two in the world’s eco-friendly car market by 2020.
Ford signed a limited licensing agreement with Paice that applies only to Paice’s first patent. When the companies were unable to reach a licensing agreement on subsequent patents, Paice filed a patent infringement lawsuit against Ford in 2014 in U.S. District Court in Baltimore. Click here for more information.
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When Alex Severinsky came to the United States in the late 1970s, the nation was in the midst of an oil crisis and long lines for gas were commonplace. An electrical engineer, Alex began looking at alternative approaches to gasoline-powered engines and started developing ideas for a hybrid gasoline/electric powertrain that could reduce America’s dependence on oil. Years later, he founded Paice to turn that vision into reality.
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Toyota has sold more than 10 million hybrid vehicles, including plug-in hybrids. The milestone was achieved just nine months after total sales reached 9 million units in April 2016. The automaker’s North America cumulative sales exceeded three million hybrids at the end of 2016. “When we launched Prius, no one even knew what a hybrid was, but, thanks to early…
The Hyundai Ioniq is the first vehicle to offer three electrified powertrains on a single, dedicated platform. The Ioniq Hybrid and Ioniq Plug-in Hybrid feature an engine that has been specifically tailored to the hybrid application and is combined with a quick-shifting six-speed double-clutch transmission — differentiating Ioniq from its key competitors with a more dynamic and engaging driving experience.…
The 2017 Hyundai Ioniq is now beginning to hit U.S. showrooms, and Green Car Reports has pricing information. The Ioniq Hybrid starts at $23,035, while the Ioniq Electric model starts at $30,035. A plug-in hybrid version of the Ioniq is also available. The pricing does not take into account any federal, state, or local incentives that may apply to the…
If the battery pack on your Hyundai Ioniq fails, Hyundai will replace it free of charge. The automakers has offer a lifetime warranty on its previous electrified vehicles. The warranty applies to complete failure of the lithium-ion battery packs in these vehicles, not to any degradation in battery capacity that may occur over time. Read more.
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