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Nippon Steel sues Toyota, Baoshan for patent infringement By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: A production line of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant is pictured in Kimitsu, Chiba Prefecture, Japan, May 31, 2018. REUTERS/Kim Kyung-Hoon/File Photo

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

Nippon Steel stated in a press release that it sought 20 billion yen ($176.26million) from all companies in order to recover its patent relating to non-oriented magnet steel sheets.

($1 = 113.4700 yen)

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