Ford Motor Co said it would allow other automakers to access its electrified vehicle technologies to accelerate research and development of these vehicles.
Ford Motor Co said it would give other automakers access to its electrified vehicle technologies for a fee to accelerate research and development of such vehicles.
Ford has more than 650 EV patents and about 1,000 pending patent applications on EV technologies, the company said on Thursday.
The automaker currently has six hybrid or fully electrified vehicles in the market - the Ford Focus electric, the Ford Fusion hybrid, the Ford Fusion Energi plug-in hybrid, the Ford C-MAX hybrid, the Ford C-MAX Energi plug-in hybrid and the Lincoln MKZ hybrid.
Ford filed for more than 400 patents for EV technologies in 2014. This represents over 20 per cent of the total patents the automaker applied for last year.
Companies can access Ford's patents and published patent applications through its technology commercialization and licensing office or through AutoHarvest, an online platform for automakers to collaborate.
Ford also said it would hire 200 EV engineers this year.