Hyundai Motor had 77 patents in digitalization during Q4 2023. Hyundai Motor Co’s Q4 2023 patents include a vehicle comparison method, an electronic toll collection system terminal, a location information obtaining apparatus, a battery management system for parked vehicles, and a system for providing taxi services. These patents focus on enhancing user experience, vehicle efficiency, and service optimization through innovative technology and data analysis. GlobalData’s report on Hyundai Motor gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Hyundai Motor grant share with digitalization as a theme is 28% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Vehicle comparison method and vehicle comparison service providing server (Patent ID: US20230410158A1)
The patent filed by Hyundai Motor Co. describes a vehicle comparing method that involves providing a user question and propensity test to an application through a user terminal, determining user propensity based on the response, calculating vehicle compatibilities for different vehicles, and comparing user propensity with vehicle compatibilities to determine a reference vehicle. The method also includes providing vehicle purchase information comparing the reference vehicle with a higher trim or model when considering vehicle depreciation rate or maintenance cost.
The claims of the patent detail the steps involved in the vehicle comparing method, including determining user propensity based on various factors, calculating vehicle compatibilities, comparing reference and target vehicles based on depreciation rates and maintenance costs, and providing information to the user terminal accordingly. The system described in the patent includes a memory and processor to collect user information, determine user propensity, calculate vehicle compatibilities, and provide vehicle purchase information based on user responses regarding depreciation rates and maintenance costs. The system also considers factors like user self-consciousness and used car selling costs in the comparison process.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
