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Other Long-term Payables
3 Months Ended
Dec. 31, 2012
Other Long-term Payables [Text Block]

12 Other Long-term Payables

Other long-term payables as of September 30, 2012 and December 31, 2012 include a government subsidy of approximately $7,500,000 received for the Company’s automated high-power lithium battery project from the National Development and Reform Commission and the Ministry of Industry and Information Technology. During this quarter, the company also obtained interest-free loans approximately $8 million from Tianjin Zhantuo International Trading Co., Ltd., an unrelated third party. The loans will be matured in December 2014.