Tag: toyota

Steelmaker sues Toyota and China rival

Steelmaker sues Toyota and China rival

Nippon Steel claimed it had submitted patent infringement lawsuits towards Toyota and China’s Baoshan Iron & Steel with a Tokyo district court.

Nippon Steel is in search of JPY20bn (US$176m) in damages from each individual organization, alleging the two firms have infringed on its patents on non oriented magnetic steel sheets that are applied in electric vehicles, it claimed in a statement cited by Reuters.

Toyota claimed in a statement to Reuters the match was “very regrettable” and that it had discovered no patent infringement issues before it signed a supply offer with the steelmaker.