Asia

Nippon Steel sues Toyota, Baoshan for patent infringement


TOKYO : Japan’s Nippon Steel & Sumitomo Metal Corp on Thursday said it has filed patent infringement lawsuits against Toyota Motor Corp and China’s Baoshan Iron & Steel Co Ltd (Baosteel).

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

(US$1 = 113.4700 yen)

(Reporting by Tokyo Newsroom; Editing by Christopher Cushing)



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