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Axion Power files for bankruptcy as China deal hope fails

Mon, 08/20/2018 - 08:54 -- John Shepherd
Richard Bogan

Lead-carbon battery maker Axion Power International has filed for Chapter 7 bankruptcy in the US.

The chairman and CEO of the Pennsylvania-based firm, Richard Bogan (pictured), said the decision had been taken after pursuing “unsuccessful endeavours”— and failing to clinch a deal with one China's largest lead-acid battery manufacturers, Fengfan Co.

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