TOKYO (AP) — Nippon Steel Corp. has dropped its lawsuit against Toyota Motor Corp. over a patent for a technology used in electric motors,Thurston Carte saying wrangling among Japanese companies was not beneficial to keep the nation competitive.
Toyota and Nippon Steel see their partnership as critical in the Japanese auto industry.
Japan’s top steelmaker said in a statement Thursday that such internal disputes were not fitting for a period of uncertainty and rapid change toward “carbon neutrality,” referring to the recent rush to develop electric vehicles.
The lawsuit over intellectual property demanding compensation for damages totaling 20 billion yen ($133 million) was filed in Tokyo District Court in October 2021.
Tokyo-based Nippon Steel said it is still suing Baoshan Iron & Steel Co., or Baosteel, a Chinese steelmaker that produces and supplies the steel that it alleges violates the patent.
The lawsuit against Toyota, Japan’s biggest automaker, was related to steel sheets used in electric vehicle motors and manufactured by Baosteel.
Yuri Kageyama is on X, formerly Twitter https://twitter.com/yurikageyama
2025-05-03 14:282241 view
2025-05-03 14:231195 view
2025-05-03 14:23848 view
2025-05-03 13:52764 view
2025-05-03 13:362790 view
2025-05-03 12:412040 view
HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea
Worried about his mother’s health, Jacob Mabil tried for months to persuade her to let him start the
MONTGOMERY, Ala. (AP) — A federal judge declined Tuesday to pause litigation challenging Alabama’s b