Exhibit 10.53
                                                                     Translation

                                Employ agreement

Party A: Shenzhen               BAK Battery Co.,Ltd
Party B: Xiangqian Li           Gender: Male             Age: 36
ID Number:62010568080367        Place of ID issued:      Ji Lin Province

This  agreement is signed by and between Party A and Party B through  fairly and
freewill negotiation. Both parties agree the following articles:

1. This  agreement  shall become  effective  since both parties signed and shall
become mature on August 3, 2006. (This agreement with a term of 3 years; 0 Month
test run period)

2. Party A agrees to employ  Party B as an  employee  of  Shenzhen  BAK  Battery
Co.,Ltd and will  arrange  work  position  for Party B according to the specific
work requirement.

3.  During  the  employ  agreement  period,  Party A shall pay salary to Party A
according to the  company's  principle;  shall pay social  security  pension for
Party A and provide other welfares.

4. During the employ  agreement  period,  Party A maintains  the right to adjust
Party B's position according to work requirements, under such situation, Party B
shall obey Party A's arrangement.

5. During the employ agreement period, Party B shall:

     1) Obey the PRC's laws and rules; obey the company's rules and principles.

     2) Obey what the company  assigned and be full of  responsible to the work;
Insist  fairness  when at work,  don't earn  interest for self through  work; be
professional  and  honest;  learning  hard  and  work  hard  to  keep  improving
profession skill.

6. Party B has the right to dismiss its employees  when the following  situation
happens:

     1)  When  the  operation  situation  changed  materially  and  caused  some
employees' positions unwanted, through rearrangement still unwanted;

     2) Party A lack of ability to carry out  his/her  work and didn't work hard
to improve,  through  education and training still didn't  competent for his/her
work;

     3) Party A didn't obey this agreement articles during this contract term;

     4) Violate  company's  principles  and  rules;  or harm  company  and other
employee's interests.



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7. Work discipline:

     1) Party A shall obey Party B's all disciplines which made according to PRC
laws. If party A violates party B's discipline and caused losses,  Party B shall
apply the following penalty according the loss degree: Oral warning;  written on
a record penalty; monetary penalty; dismiss.

     2)  Party  A  shall  obey  the  safe  operate   instruction,   ensure  safe
manufacture;  If Party A disobey the instruction  and caused losses,  the losses
shall be born by Party A.

     3) Party A shall  obey  PRC's  family  planning  policies  (one  family one
child),  or Party A shall  bear  all the  results  caused  by  violate  relative
policies.

8. Terminate the Contract and violate responsibility:

  1) During the contract term, if Party B suggests terminate the contract, Party
B shall inform Party A one month beforehand by written notice. Or Party B shall
pay Party A amount one month's salary.

     2) During the contract  term,  if Party A suggests  terminate the contract,
Party A shall inform Party B one month beforehand by written notice.  Or Party A
shall pay Party B amount one month's salary.

     3) During the test run period,  both party can  terminate  the  contract by
written notice to the other party.

9. Either party who violates the contract and caused  losses to the other party,
shall bear the monetary responsibility as well as legal responsibility.

10. No matter by what  reason  Party B leaves  Party A,  Party B shall  obey the
company's  relative  rules to  handle  the work to  his/her  successor  and sign
relative  documents.  Or,  Party A shall treat  Party B's leave as an  automatic
leave.  Losses  caused  by  Party B hereby  shall be born by Party B or  his/her
guarantor.

11. When Party B leaves  Party A, shall  return the  articles  which  belongs to
Party A but kept by Party B when at work.  Or, the losses shall be born by Party
B's guarantor.

12. Details related to business and administrative,  both parties shall obey the
Employee disciplines as well as other rules made by the company.

13.  Secrecy  principle.  If signed  Secrecy  Agreement  , both party shall obey
articles stated in it.

14. New problems  rose during the contract  term,  through  mutual  negotiation,
supplementary articles shall be add to this contract or revise present articles.

15.  When the  contract  is at term,  either  party who  doesn't  want to sign a
continue employ contract, shall inform the other party one month before.



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16.  When the  contract is at term,  by mutual  agree,  both  parties can sign a
continue employ contract.

17. This  contract  becomes  effective  once both party signed;  This  Agreement
should be made in Duplicate with one held by each party.

Party A chops:                                   Party B signs:

Sign date: August 3,2001