**Exhibit      10.46**

**Shenzhen      Ping An Bank**

**Loan      Certificate (1)**

| Applicant                                 |   | Shenzhen                      BAK Battery Co., Ltd                        |   | ID                      card of the Applicant           |   | 73109958-5                                          |
|-------------------------------------------|--------|---------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|-----------------------------------------------------|
|                                      |   |                                                                      |   |                                                    |   |                                                |
| Currency                                  |   | RMB                                                                       |   | Amount                                                  |   | 25,000,000                                          |
|                                      |   |                                                                      |   |                                                    |   |                                                |
| Loan                      Term            |   | From                      Sep.3, 2007 to Sep.3, 2008                      |
|                                      |   |                                                                      |
| Usage                                     |   | Working                    Capital                                        |
|                                      |   |                                                                      |
| Annual                    rate            |   | 6.318                  %                                                  |   | Loan                  type                              |   | Short-term                                          |
|                                      |   |                                                                      |   |                                                    |   |                                                |
| Reference                    Contract     |   | Shen                    shangyin (Shuibei) Shouxinzi (2007) A110020700007 |   |                                                    |
|                                      |   |                                                                      |   |                                                    |   |                                                |
| Signature                    of Applicant |   | Stamp                    of Applicant                                     |   | Signature                      of Shenzhen Ping An Bank |   | Stamp                      of Shenzhen Ping An Bank |
|                                      |   |                                                                      |   |                                                    |   |                                                |
|                                      |   |                                                                      |   |                                                    |   |                                                |
| /s/                    Xiangqian Li       |   |                                                                      |   |                                                    |   |                                                |

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