Earlier this month Toyota announced that it will offer free access to patents for PHEV motors and power control units, in a bid to promote the technology amid a surge in demand for pure electric vehicles.
In light of the same, head of Toyota’s electric vehicle operations, Shigeki Terashi said that the automaker has now received interest from more than 50 companies for the tech. Additionally, he also said that the company aims to use partnerships to cut by as much as half of the outlays for expanded electric and hybrid vehicle components production in the United States, China and Japan.
“Until now we have been a tier one automaker, but now we also intend to become a tier two supplier of hybrid systems,” Toyota Executive Vice President Terashi said.
Toyota pioneered the PHEV movement with the Prius in 1997.
Toyota foresees great potential by supplying its resources to rivals which would expand the scale of production for hardware such as power control units and electric motors that are used in gasoline-electric hybrids, plug-in hybrids, fully electric vehicles and fuel cell vehicles, he said.
Following an interview on Thursday, Terashi stated a few details of the company’s strategy and its anticipated impact on the company’s investment plans. By supplying the company’s gasoline-sipping hybrid vehicles to its rivals, Toyota sees a way to slash its capital outlay by roughly half for new plants required to build electric car components for future models, Terashi said.
Toyota foresees great potential by supplying its resources to rivals which would expand the scale of production for vehicles powered by fuel cell.
“We anticipate that there will probably be very few automakers who use our patents to develop their own hybrids from scratch, so by using our system and our components, and offering our support, we can work together to develop these cars,” Terashi said.
Toyota is now trying to take advantage of its lead in refining hybrid vehicles, even as it runs behind global rivals such as Volkswagen Group and Tesla in bringing full-electric vehicles to showrooms.