• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, May 8
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025

    Senator Murphy Tries To Ban Trump’s Meme Coin With ‘MEME Act’

    May 6, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Nippon Steel drops patent lawsuits against Toyota, Mitsui
Business

Nippon Steel drops patent lawsuits against Toyota, Mitsui

November 2, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo

The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo Acquire Licensing Rights

Nov 2 (Reuters) – Japan’s Nippon Steel said on Thursday it had dropped lawsuits against Toyota Motor and Mitsui & Co over electrical steel sheet patents, but continues to seek damages from China’s Baoshan Iron & Steel (Baosteel).

Nippon Steel’s (5401.T) lawsuits, which were filed in 2021, sought compensatory damages from Toyota (7203.T), Baosteel (600019.SS), Mitsui (8031.T) and Mitsui & Co. Steel, alleging infringement of patents on non-oriented electrical steel sheets.

The Japanese steelmaker said it had terminated the lawsuits against Toyota and Mitsui by waiving claims against them.

Nippon Steel said in a statement it will continue its case against Baoshan and “firmly protect its intellectual property rights as the fruits of its technological development”.

Baosteel said that it would continue to actively respond to the lawsuit and resolutely defend its rights and interests.

“Baosteel has been stringently abiding by various laws and regulations including intellectual property law in both domestic and international businesses,” it added in a reply to a Reuters request for comment.

“Continuing the dispute with Toyota is not in the best interests of strengthening Japan’s industrial competitiveness,” a Nippon Steel spokesperson said, adding that Japan’s automobile and steel industries needed to join forces even more firmly amid intensifying global competition on decarbonisation.

“We will further strengthen our efforts with Toyota in various fields, including automobile electrification and decarbonisation initiatives,” he added.

Nippon Steel’s patent infringement lawsuit against its key and long-standing customer Toyota was a first.

See also  China's Sinopec's interim profit down 20.1% on lower oil prices

Having two of Japan’s manufacturing giants, its biggest steelmaker and automaker, locked in a rare court battle signified the high stakes involved in materials production as the global low-carbon revolution took hold.

Nippon Steel has said electrical steel sheets are indispensable materials for automobile electrification and are one of its key products aimed at helping decarbonisation for cars, electrical products and power plants.

“Nippon Steel has decided to drop its lawsuits over electrical steel sheet patents against Toyota brought in 2021,” Toyota said in a statement.

Reporting by Mariko Katsumura, Yuka Obayashi in Tokyo; Additional reporting by Amy Lv in Beijing; Editing by Janane Venkatraman and Alexander Smith

: .

Acquire Licensing Rights, opens new tab
drops Lawsuits Mitsui Nippon Patent Steel Toyota
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025

‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

2023 NBA Free Agency – Kyrie Irving is not meeting with the Phoenix Suns despite earlier reports

June 30, 2023

5-Star Tackle Appeals to Elite Black Recruits to Choose Colorado

December 8, 2023

Pakistani Business Leaders Pitch for Trade Talks With India

April 26, 2024

Pressure Mounts as Trudeau Election Watchdog Probes China

March 12, 2023
Don't Miss

Top 10 Benefits Of Acupuncture

Lifestyle May 8, 2025

For centuries, acupuncture has served as a comprehensive therapeutic practice, addressing both physical and emotional…

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,109)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,625)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Feds Rule On McDonald’s Lawsuit About Fixing Broken Ice Cream Machines

March 15, 2024

‘Daily Show’ Guest Host Jordan Klepper Tears Into ‘F**king Nuts’ GOP Governor

April 18, 2023

Republicans exact more ‘revenge’ on Democrats, evict second top Dem from Capitol office: ‘Expect more of this’

October 4, 2023
Popular Posts

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.