News Snapshot:
Why Nippon Steel is suing Toyota and China’s Baoshan Iron & Steel Court action is about alleged patent infringement, seeking ¥20bn in damages from each 20 October 2021 - 18:17 Agency Staff Picture: REUTERS Tokyo — Japan’s Nippon Steel is suing customer Toyota Motor to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel (Baosteel) of China, which it is also suing. It highlights the high stakes for materials producers as technology transforms the car industry and comes as Japan is increasingly concerned about safeguarding supply chains and intellectual property. Here...
