Explainer: Why is Toyota being sued by supplier Nippon Steel? – Times of India

TOKYO: Japan’s Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing. It highlights the high stakes for materials producers as technology transforms the auto industry and comes as Japan is increasingly concerned about safeguarding supply chains and intellectual property. Here is what’s behind the lawsuit and why it is important: What is the suit about? Nippon Steel is suing Toyota and Baosteel in a Tokyo court for patent infringement, seeking 20…