Monday, October 18, 2021
More

    Latest Posts

    Nippon Steel sues Toyota and Hoyama for patent infringement

    Tokyo – Japanese Nippon Steel, the largest steel maker, said it filed a patent infringement proceeding on Thursday. Toyota Motor When Chinese Baoshan Iron & Steel Group (Baosteel) and Tokyo District Court.

    Nippon Steel is seeking damages of 20 billion yen ($ 176 million) from each company for infringing the patents of the non-oriented magnetic steel sheets used by both companies. Electric car, It said in a statement.

    Toyota In a statement to Reuters, the proceedings were “extremely regrettable” and said no patent infringement issues were found before signing a supply contract with a steelmaker.

    A Baosteel spokesman did not make an immediate comment.

    In a rare proceeding against a major customer, Nippon Steel has filed a provisional injunction banning the manufacture and sale of automobiles that use electrical steel sheets that Toyota allegedly violates its patents.

    A spokeswoman for Nippon Steel said, “Electrical steel sheets are an indispensable material for the electrification of automobiles and are one of the main products to support decarbonization of automobiles, electrical products and power plants.” ..

    The world’s fifth-largest steelmaker said it had decided to take legal action because discussions with the two companies did not lead to a solution.

    A spokesman added that this is the first time Nippon Steel has filed a patent infringement proceeding against Toyota.

    The steelmaker did not disclose details such as the name of Toyota products and the scale of sales.

    Related video:

    Nippon Steel sues Toyota and Hoyama for patent infringement

    Source link Nippon Steel sues Toyota and Hoyama for patent infringement

    The post Nippon Steel sues Toyota and Hoyama for patent infringement appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.