Hyundai Motor had 41 patents in ecommerce during Q4 2023. Hyundai Motor Co’s patents filed in Q4 2023 focus on innovative methods and systems for vehicle comparison, taxi services, location information obtaining, vehicle matching, and charging optimization. These patents aim to enhance user experience, improve operational efficiency, and maximize profit through advanced technologies and algorithms integrated into vehicles and service systems. 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 ecommerce as a theme is 19% 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, determining user propensity, calculating vehicle compatibilities, and comparing a reference vehicle with a target vehicle based on factors like depreciation rate and maintenance cost. The method aims to provide users with vehicle purchase information tailored to their preferences and financial considerations, ultimately assisting in making informed decisions when buying a car.
The system outlined in the patent includes a service providing server that collects user information, determines user propensity, calculates vehicle compatibilities, and compares vehicles based on factors like depreciation rate and maintenance cost. By considering various user propensity factors and vehicle compatibility factors, the system helps users identify a suitable reference vehicle and compare it with a target vehicle of higher trim or model. This innovative approach to vehicle comparison aims to enhance the car-buying experience by offering personalized recommendations and financial insights to users, ultimately facilitating a more informed decision-making process in the automotive industry.
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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.
