<SUBMISSION>
<ACCESSION-NUMBER>0000745651-05-000002
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050120
<ITEMS>3.02
<FILING-DATE>20050127
<DATE-OF-FILING-DATE-CHANGE>20050127
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ADVANCED BATTERY TECHNOLOGIES, INC.
<CIK>0000745651
<ASSIGNED-SIC>3690
<IRS-NUMBER>222497491
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-13337
<FILM-NUMBER>05553431
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>136-14 NORTHERN BLVD.
<STREET2>SUITE 8E
<CITY>FLUSHING
<STATE>NY
<ZIP>11354-6514
<PHONE>718-359-6866
</BUSINESS-ADDRESS>
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<STREET1>136-14 NORTHERN BLVD.
<STREET2>SUITE 8E
<CITY>FLUSHING
<STATE>NY
<ZIP>11354-6514
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<FORMER-CONFORMED-NAME>BUY IT CHEAP COM INC /DE
<DATE-CHANGED>20000119
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>NORTHEAST USA CORP /NEW
<DATE-CHANGED>19990929
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<FORMER-CONFORMED-NAME>CELCOR INC
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>abat8kjan05iinvestmt.txt
<DESCRIPTION>ADVANCED BATTERY 8K
<TEXT>
                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
                      _________________________________

                                  FORM 8-K

                               Current Report
                   Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported):   January 20, 2005


                    ADVANCED BATTERY TECHNOLOGIES, INC.
            ----------------------------------------------------
           (Exact Name of Registrant as Specified in its Charter)


      Delaware                     0-13337                  22-2497491
 ----------------------------------------------------------------------------
 (State of Incorporation)      (Commission File        (IRS Employer
                                Number)                 Identification No.)


            136-14 Northern Blvd., Suite 8E, Flushing, NY 11354
            ---------------------------------------------------
                 (Address of Principal Executive Offices)

                               (718) 359-6866
                      -----------------------------
                      Registrant's Telephone Number

               425 Washington Blvd., Jersey City, NJ 07310
               --------------------------------------------
              (Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ] Written communication pursuant to Rule 425 under the Securities Act (17
    CFR 230.425).
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12).
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b)).
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c)).

<PAGE>

Item 3.02  Unregistered Sale of Equity Securities

     On January 20, 2005 Advanced Battery Technologies entered into a
contract with its Chairman, Zhiguo Fu, as well as Zhijie Fu and Wenhua Yang.
The contract acknowledged that these three individuals had provided
$4,832,976 to fund the construction of plant facilities owned by Heilongjiang
ZhongQiang Power-Tech Co., Ltd.  Since Advanced Battery Technologies owns 70%
of Heilongjiang ZhongQiang Power-Tech Co., Ltd., the contract provided that
Advanced Battery Technologies would issue a total of 11,276,947 shares to
satisfy $3,383,084 (70%) of the loan from the investors to Heilongjiang
ZhongQiang Power-Tech Co., Ltd.  The investors agreed that the remaining 30%
would be a contribution to the capital of Heilongjiang ZhongQiang Power-Tech
Co., Ltd.

                                   EXHIBITS

10.  Investment Agreement dated January 20, 2005 with Zhiguo Fu, Zhijie Fu
     and Wenhua Yang.


                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    ADVANCED BATTERY TECHNOLOGIES, INC.


Dated: January 27, 2005             By:/s/ Zhiguo Fu
                                    --------------------------
                                    Zhiguo Fu
                                    Chief Executive Officer


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>abat8kexh10.txt
<DESCRIPTION>EXH 10 INVESTMENT AGREEMENT
<TEXT>
                             INVESTMENT AGREEMENT

	AGREEMENT made this 20th day of January, 2005 among Zhiguo Fu, Zhijie
Fu, Wenhua Yang (the "Investors") and Advanced Battery Technologies, Inc.
("ABAT").

	WHEREAS, the Investors have contributed a total of US$4,832,976 (the
"Loan") toward the construction of new manufacturing facilities for ABAT's
subsidiary, Heilongjiang ZhongQiang Power-Tech Co., Ltd. ("ZQ Power-Tech");
and

	WHEREAS, ABAT owns 70% of the outstanding capital stock of ZQ Power-
Tech and the Investors own the remaining 30% of ZQ Power-Tech; and

	WHEREAS, ABAT and the Investors wish to relieve ZQ Power-Tech of its
obligation to the Investors by issuing ABAT common stock to the Investors.

	NOW, THEREFORE, it is agreed:

        1.  Accounting for Loan.  The Investors will accept the ABAT shares to
be issued hereunder in full satisfaction of 70% of the Loan.  The Investors
hereby agree that the remaining 30% of the Loan will be a contribution to the
capital of ZQ Power Tech.

	2.  Issue of Shares.  ABAT will promptly hereafter deliver to the
Investors certificates for shares of ABAT common stock.  The number of shares
to be issued will be based upon $.30 per share, the closing price of the
common stock on the OTC Bulletin Board on January 19, 2005.  The shares will
be issued thus:

        Investor                Investment                 Shares
        ----------------        --------------             ----------
        Zhiguo Fu               $1,691,542                  5,638,473
        Zhijie Fu               $  845,771                  2,819,237
        Wenhua Yang             $  845,771                  2,819,237
                                 ---------                 ----------
                                $3,383,084                 11,276,947
                                 =========                 ==========

	3.  Warranties by Investors.  The Investors, each for himself,
represents to ABAT that he is taking the shares to be issued hereunder for
investment, and that he has no present intention of distributing the shares.


        IN WITNESS WHEREOF, the parties have made this Agreement as of the
date set forth on its first page.

                                 ADVANCED BATTERY TECHNOLOGIES INC.

                                 /s/Zhiguo Fu
By: /s/ Zhiguo Fu                ------------------
-------------------              ZHIGUO FU
Zhiguo Fu, Chairman

By: /s/ Ming Liu                 /s/ Zhijie Fu
-------------------             ------------------
Ming Liu, Secretary              ZHIJIE FU


                                 /s/ Wenhua Yang
                                 ------------------
                                 WENHUA YANG



</TEXT>
</DOCUMENT>
</SUBMISSION>
