Honda Agrees to License Paice Hybrid Technology
Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
#hybrid #legal
Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
Terms of the deal weren’t disclosed.
Honda is the latest carmaker to settle with Paice, which has aggressively defended its hybrid patents that date back to 1994. Ford, Hyundai/Kia, Volkswagen and Toyota also are licensing Paice’s technology.
Paice, which was founded in 1992 by Alex Severinsky, has 30 international patents related to hybrid powertrains. The patents are co-owned by Abell Foundation Inc., a charitable foundation.
RELATED CONTENT
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.