Ford is opening up its portfolio of patents and offering competitors access to those covering electric vehicle technologies. Just last year, Ford filed for 2,000 patents in the U.S., of which 400, or more than 20%, were related to EVs.
The move comes a year after CEO Elon Musk offered access to the patent portfolio of battery-carmaker Tesla Motors. Unlike the California start-up, Ford isn’t providing its intellectual property rights for free. But Ford’s move isn’t simply to get the licensing fees.
“Innovation is our goal,” explained Kevin Layden, director, Ford Electrification Programs, in a news release. “The way to provide the best technology is through constant development and progress. By sharing our research with other companies, we will accelerate the growth of electrified vehicle technology and deliver even better products to customers.”