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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