Nippon Steel sues Toyota, Baoshan for patent infringement By Reuters

Nippon Steel sues Toyota, Baoshan for patent infringement By Reuters

© Reuters. FILE PHOTO: A manufacturing line of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu metal 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 mentioned it has filed patent infringement lawsuits towards Toyota Motor (NYSE:) Corp and China’s Baoshan Iron & Steel Co Ltd (Baosteel).

Nippon Steel in a information launch mentioned it was in search of 20 billion yen ($176.26 million) in damages from every firm concerning its patent associated to non-oriented magnetic metal sheets.

($1 = 113.4700 yen)

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