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Feb 03, 2025

Company / Press Release

Notice of the Settlement of Patent Infringement Lawsuit with Magna International Inc.

Yokohama, Japan, February 3rd, 2025 – Panasonic Automotive Systems Co., Ltd. (Headquarters: Yokohama, Kanagawa, Japan; President: Masashi Nagayasu; hereinafter referred to as "PAS") has entered into a patent cross-licensing agreement with Magna Electronics Inc. (Headquarters: USA) and Magna International Inc. (Headquarters: Canada) regarding in-vehicle products. This agreement allows both companies to mutually utilize certain of each other's patented technologies, aiming to enhance technological innovation and market competitiveness.

In March 2021, Panasonic filed lawsuits in the U.S. Federal Court in Texas and the Munich District Court in Germany, claiming that products of Magna International Inc. infringed on our patents related to advanced driver assistance systems (ADAS) for automobiles. Magna filed counterclaims asserting certain patents against Panasonic. After continued discussions, we have agreed to settle by entering into a patent cross-licensing agreement for in-vehicle products and to withdraw all pending lawsuits. The terms of the agreement remain confidential between the parties.

We will continue to strive to enhance our corporate value through the protection and utilization of our intellectual property rights.

Masashige MIZUYAMA, our Executive Vice President (CTO, Intellectual Property), commented, "This agreement is an important step to further strengthen our technological capabilities and intellectual property accumulated by the PAS and Panasonic Group, enhancing our competitiveness in the global market. We will continue to provide more innovative products and meet our customers' expectations."

About Panasonic Automotive Systems Co., Ltd.

Panasonic Automotive Systems Co., Ltd., (PAS) was launched on April 1, 2022 as an operating company responsible for the automotive systems business in line with the start of the Panasonic Group’s operating company system, and on December 2, 2024 the company moved to a management structure in which 80% of its shares are held by the funds managed by an affiliate of Apollo Global Management Inc., and 20% by Panasonic Holdings Corporation. Headquartered in Japan, PAS is a global company with subsidiaries in eight other countries and, as a Tier 1 company, it provides advanced proprietary technologies such as infotainment systems to automakers in Japan and overseas, helping to create comfortable, safe, and secure automobiles. PAS is committed to meeting the expectations of its customers around the world with technologies that stand by people in pursuit of its corporate vision of becoming the “Joy in Motion” design company. To learn more about our company, please visit https://automotive.panasonic.com/en

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Issued:
Panasonic Automotive Systems Co., Ltd.

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