October 27, 2021, 19:35

    Nippon Steel sues Toyota, Baoshan for patent infringement

    Nippon Steel sues Toyota, Baoshan for patent infringement

    TOKYO, Oct 14 (Reuters) – Japan's Nippon Steel & Sumitomo Metal Corp (5401.T) on Thursday said it has filed patent infringement lawsuits against Toyota Motor Corp (7203.T) and China's Baoshan Iron & Steel Co Ltd (Baosteel) (600019.SS).

    Nippon Steel in a news release said it was seeking 20 billion yen ($176.26 million) in damages from each company regarding its patent related to non-oriented magnetic steel sheets.

    ($1 = 113.4700 yen)

    Reporting by Tokyo Newsroom; Editing by Christopher Cushing

    Sourse: reuters.com

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