**Exhibit 10.2**

**Summary of Loan Agreement entered into by and between Shenzhen BAK Battery Co., Ltd. and Shenzhen Eastern Branch, Agricultural Bank of China dated October 23, 2006.**

**Summary of the main articles**

| • | Contract   number: NO.81101200600001775                                                                                                                                                                                                                                                                                                       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Loan   Principal: RMB 34 million;                                                                                                                                                                                                                                                                                                             |
| • | Loan term: the   loan RMB 20 million was from October 23, 2006 to April 15, 2007, and the   other loan RMB 14 million was from October 23, 2006 to April 22, 2007.                                                                                                                                                                            |
| • | Interest   rate: fixed rate of 5.58%;                                                                                                                                                                                                                                                                                                         |
|   | •                                                                                                                                                                                                                                                                                                                                        | Penalty   interest rate for delayed repayment: 5.58% plus 50% *5.58%; |
|   | •                                                                                                                                                                                                                                                                                                                                        | Penalty   interest rate for embezzlement of loan proceeds: 5.58% * 2; |
| • | Purpose of   the loan is to provide working capital for the Company;                                                                                                                                                                                                                                                                          |
| • | Advanced   repayment of loan needs to be approved by the Lender;                                                                                                                                                                                                                                                                              |
| • | Breach of   contract penalties: suspension of loan un-provided, demand prepayment of loan   principal and interest before maturity; imposition of punitive interest;   compensation for the Lender’s expenses incurred due to the Company’s breach   of contract such as lawyer’s fee, travel cost in case of litigation, etc. |

**Summary of the articles omitted**

| • | Types of the   loan                              |
|--------|--------------------------------------------------|
| • | Clearing of   the loan interest                  |
| • | Condition   precedent to the drawing of the loan |
| • | Rights and   obligations of the borrower         |
| • | Rights and   obligations of the lender           |
| • | Guarantee of   the loan                          |
| • | Dispute   settlement                             |
| • | Miscellaneous                                    |
| • | Validity                                         |
| • | Notes                                            |
|   |                                             |
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