March 12, 2021
As reported by Automotive World, the United States Patent and Trademark Office (“USPTO”) awarded Toyota more patents than any other automotive manufacturer in 2020.
Over the past year, the USPTO granted just over 2,800 patents to Toyota’s engineers and scientists.
This 4% increase in the number of patents granted to Toyota as compared to 2019 is a result of Toyota’s continued investment in automotive research and development. Every hour Toyota reportedly invests over $1 million in emerging technology globally, and the company has reportedly invested over $1 billion in the research and development of automation and robotics since 2017.
Authors: Nargis Fazli and Sam Galway