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For balancing Li-ion battery cells connected in series and effectively improving the consistency of the cells, a bi-directional equalization system based on fly-back transformer is proposed. Unlike the passive equalization technology using a resistor or active equalization with expensive DC-DC converter for the balancing among the cells, this equalization circuit consists of the fly-back transformer and RCD circuit, which can easily and cheaply realize the energy transfer between the whole battery module and the cells, and thus achieving bidirectional equalization. In this system, both the primary side and the secondary side of multi-winding transformer are connected to a MOSFET. All MOSFETs are controlled by the PWM signal. The control timing and duty ratio of the PWM control signal are determined through the simulation analysis. Meanwhile, an RCD circuit is applied at the primary side of multi-winding transformer for buffering the peak voltage caused by leakage inductance.