'BYD Outpaces Tesla 16-Fold In Patent Fillings' - Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
Chinese EV manufacturer BYD has filed 16 times more patents over the past 20 years than Tesla, according to Tokyo-based Patent Result. Tesla applied for 836 patents from its founding in 2003 to 2022, while BYD applied for over 13,000 during the same period.
September 20, 2023 | 4:57 pm
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POSITIVE IMPACT
BYD's significantly higher number of patent filings compared to Tesla could indicate a strong focus on innovation and protection of technology.
The number of patents a company files can be an indicator of its focus on innovation and protection of its technology. BYD's significantly higher number of patent filings compared to Tesla could indicate a strong focus on these areas, which could positively impact investor sentiment and the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla's lower number of patent filings compared to BYD could potentially indicate a lesser focus on innovation and protection of technology.
The number of patents a company files can be an indicator of its focus on innovation and protection of its technology. Tesla's lower number of patent filings compared to BYD could potentially indicate a lesser focus on these areas, which could impact investor sentiment and the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100