14 Oct 2021 02:39PM
(Updated: 14 Oct 2021 02:36PM)
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)