Daimler, Nokia settle patent dispute

Tuesday, 01. June 2021 08:35

Daimler AG and Nokia Corporation announced on Tuesday they have settled their dispute over the licensing of patents of wireless technology used in the German carmaker's electric vehicles (EV) that the Finnish firm designed.

"Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return," the firms confirmed in a joint statement. Furthermore, Nokia Technologies President Jenni Lukander described the settlement as "a hugely significant milestone, which validates the quality of our patent portfolio."

Back in 2020, the Manheim Court ruled that Nokia holds the rights over the patents. Daimler appealed the decision, which a Dusseldorf court ultimately referred to the European Union's Court of Justice (CJEU).

Related Links: Daimler AGNokia Corp.
Breaking the News / JR