People + Companies
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Magna | Kotagiri Replaces Walker as CEO
© Magna
Seetarama (Swamy) Kotagiri has been appointed Chief Executive Officer of Magna effective January 01, 2021. He succeeds Don Walker, who has led the company as CEO since 2005 and will retire at the end of 2020. Kotagiri has more than 25 years of experience in the automotive industry and has been with Magna for 21 years. In his previous role as Chief Technology Officer, Kotagiri was responsible for managing the company’s new innovation and product strategy and product development. He has also held various executive positions, including President of Magna Electronics, Magna Powertrain and the company’s Power and Vision segment. Swamy Kotagiri
Hyundai Motor Group and SK Innovation have agreed to work together in the future to develop a sustainable system for electric vehicle batteries. The cooperation between the two companies will cover the entire life cycle of a high-voltage battery, including battery sales and distribution, the management of batteries during their use, and their reuse and recycling. A focus will be on the use of batteries throughout their entire value chain, which is also known as Battery-as-a-Service and includes both leasing and rental services. The aim is to strengthen the battery supply chain and create a cycle of resources from production to recycling. The overall objective will be to make the entire process more environmentally friendly. At the beginning of the cooperation, data from a battery-powered Kia model will be collected and analyzed.
© Hyundai
Hyundai | SK Innovation | Cooperation on Batteries
Production of the electric Kona model at Hyundai
© ASAP
ASAP | Extended Testing Capacity for Electromobility
ASAP is investing in six steady state systems for lifetime simulation and in ten mobile test systems for environmental testing of inverters
ASAP is investing in new validation systems for the testing of inverters. After the expansion of the ISO/ICE 17025 accredited testing laboratory in Ingolstadt (Germany) in 2018 and the establishment of the electromobility testing center in Sachsenheim (Germany) in 2019, the group has increased its capacities and improved the consistency in the testing
of electric drives. Ten additional test benches for endurance testing of power electronics and electric drives have already been put into operation this year. By February 2021, two further e-axle test benches are to be added in Sachsenheim. In addition, ASAP is currently setting up further testbeds in Ingolstadt for testing inverters and power electronics.
Keyou | EU Becomes Shareholder 2020 accelerator funding program: “EU participation in Keyou is a clear political signal that the hydrogen combustion engine is now officially regarded by politicians as a key technology for achieving climate protection targets in mobility,” says Thomas Korn, CEO and co-founder of Keyou.
© Keyou
For the first time, the European Union directly supports a project on the hydrogen engine. The investment of up to 7 million euros by the European Innovation Council (
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