12 Mar, 2024, 08:00 ET
ANN ARBOR, Mich., March 12, 2024 /PRNewswire/ — Securing its position at the forefront of U.S. automotive innovation for the 10th consecutive year, Toyota has been awarded more patents from the United States Patent and Trademark Office (USPTO) than any other automaker according to an annual report by the Intellectual Property Owners Association (IPO).
Despite a challenging year that saw a 3% overall decline in patents granted across all industries in the United States, Toyota ranked seventh among all companies awarded patents in 2023, receiving a total of 2,667 patents.
“This achievement continues to underscore Toyota’s unwavering commitment to innovation, particularly in areas critical to the future of mobility such as electrification and intelligent transportation solutions,” said Sandra Phillips Rogers, senior vice president of Corporate Resources and chief legal officer at Toyota Motor North America. “Our focus is on creating sustainable and advanced technological solutions and contributing to the betterment of society and the industry at large, all while ensuring our innovations are recognized through filings with the USPTO.”
Toyota’s 2023 patents showcase the company’s wide-ranging innovations, including:
“Toyota team members work very aggressively at research and development to discover cutting-edge technology for propelling the company forward,” said Frederick Mau, intellectual property counsel and director of Patent Licensing for Toyota Motor North America. “It’s impressive to see the fruits of their efforts reflected in these rankings every year.”
Globally, Toyota spends approximately $1 million per hour on R&D, to ensure that Toyota rapidly and continuously develops cutting-edge, high-quality, and appealing vehicles and technologies. This commitment ensures that Toyota not only delivers on the needs of customers but also anticipates its role in future societal progress.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 65 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs more than 63,000 people in North America who have contributed to the design, engineering, and assembly of nearly 47 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 27 electrified options.
For more information about Toyota, visit www.ToyotaNewsroom.com.