01:42 PM EDT, 04/09/2024 (MT Newswires) -- Aeva Technologies ( AEVA/WS ) said Tuesday it has opened a new automotive center of excellence in Germany to cater to the growing original equipment manufacturer, or OEM, customers in the automotive industry.

The company appointed Axel Gern as head of engineering in Germany. Gern will lead the center of excellence and build Aeva's ( AEVA/WS ) engineering team in Europe.

Gern previously held leadership roles at Mercedes Benz, Daimler Truck, and Torc Robotics.

The company's shares were up 4.5% in recent trading.

Price: 4.22, Change: +0.18, Percent Change: +4.46