Digital Twins have evolved as a concept describing digital representations of physical assets. They can be used to facilitate simulations, monitoring, or optimization of product lifecycles. Considering the concept of a Circular Economy, which entails several lifecycles of, e.g., vehicles, their components, and materials, it is important to investigate how the respective Digital Twins are managed over the lifecycle of their physical assets. This publication presents and compares three approaches for managing Digital Twins in industrial use cases. The analysis considers aspects such as updates, data ownership, and data sovereignty. The results based on the research project Catena-X
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