Toyota Motor (NYSE:TM) said today that it 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). Toyota Motor North America Research & Development – head office in Ann Arbor, Michigan – has led the automotive industry for 10th consecutive years. During 2023 there was 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 2667 patents. Toyota globally spends ~$1 million per hour on Research & Development.

“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,” said Sandra Phillips Rogers, senior vice president of Corporate Resources and chief legal officer at Toyota Motor North America.