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Kandi Technologies Hosts the Vice Mayor of Hangzhou and His Delegation

JINHUA, China, Nov. 5, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq:KNDI), announced today that on October 29th, 2013, Mr. Wenguang Xu, the Vice Mayor of Hangzhou who is in charge of electric vehicles development, and Mr. Jilai Zhao, the Director of Municipal Commission of Economy and Information Technology, along with other government officials visited Hangzhou Public EV Sharing System's (the "Project") smart vertical parking and charging facility location. The group also visited the headquarter of Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") to examine the real-time monitoring and dispatching system for the Project. Mr. Xiaoming Hu, the Chairman of Kandi & the General Manager of the JV Company provided to the delegation a detailed introduction and the progress update on the Hangzhou public EV sharing system.

(To view an image of the group visit, please visit: http://orders.newsfilecorp.com/files/2079/7299_nr-enlarged.jpg)

The Vice Mayor, Mr. Xu learned the various features for the real-time monitoring and dispatching system at the monitoring control center during the visit. He was very impressed about such an advanced technology and the reliable systematic management provided to the Project. In addition, Mr. Xu was updated that there has been so far over 30 locations chosen for building smart vertical parking and charging facilities, of which 18 locations are in the middle of construction. At present, two locations are already completed and in use. Due to the impact from the typhoon in the Hangzhou area earlier last month, the Project has been delayed, but Kandi is still seeking to maximize its effort to deliver the best result possible.

Mr. Xu indicated his affirmation and said in his remarks: "I hope Kandi will continue to work proactively to promote Hangzhou Public EV Project and help Hangzhou to become the model city for improving the efficiency of urban transportation, easing city traffic congestion and environmental pollution."

Mr. Xiaoming Hu expressed the appreciation for the Vice Mayor's visit and his delegation group's acknowledge on the Project, commenting, "Kandi will continue to work dedicatedly with the Municipal Government's support to ensure that the Project will progress smoothly to improve Hangzhou's urban traffic and environment issues."

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (Nasdaq:KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicles. Kandi has established itself as the one of the world's largest manufacturer of pure electric vehicles (EVs), Go-Kart vehicles, and tricycle and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT: Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: 1-212-551-3610 Email: IR@kandigroup.comSource:Kandi Technologies, Corp.