Sion Power Adds Automotive Veteran Stefan Jacoby as Chairman of the Board

TUCSON, Ariz.--(BUSINESS WIRE)--Sion Power Corporation, a leading technology developer of next-generation batteries for electric vehicles (EV), announces the addition of Stefan Jacoby as Chairman of the Board. Mr. Jacoby has more than three decades of experience in the automotive industry and has been involved in the transformative move to autonomous and electrified vehicles.

Mr. Jacoby brings a wealth of automotive leadership experience, previously holding executive level positions as president of General Motors International Operations, global CEO of Volvo Car Group, and CEO of Volkswagen Group of America.

“I’m excited to join Sion Power's knowledgeable and passionate team. Sion Power’s Licerion^TM lithium metal technology is well-positioned to address the next generation battery needs of the passenger and commercial EV markets. Sion Power will be one of the first companies to bring to market the high energy density lithium battery that will allow EV manufacturers to offer longer range EVs or lower cost EV’s, which will be a game changer for the EV industry,” stated Mr. Jacoby.

“The addition of Stefan as our new Chairman is as testament of our commitment towards advancement into the automotive sector. Stefan’s rich knowledge and automotive pedigree will better position our company to meet industry needs,” said Tracy Kelley, CEO of Sion Power.

About Sion Power

Sion Power is moving the rechargeable battery industry forward with its Licerion® technology. Licerion® is an advanced approach to lithium-metal batteries containing twice the energy in the same size and weight battery, compared to a traditional lithium-ion battery. At up to 500 Wh/kg, Licerion batteries are produced at scale in large-format cells. As a result, Licerion® batteries have the potential to significantly enhance the performance of commercial and consumer electric vehicles. Visit Sion Power on the web at sionpower.com.