Kandi Technologies Retains The Piacente Group as Strategic Investor Relations Consultant

JINHUA, China, March 23, 2015 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq:KNDI), today announced it has retained The Piacente Group ("TPG"), a full-service investor relations and strategic advisory firm, to assist the Company with investor relations and financial communications. TPG will develop and implement communications and outreach programs to increase Kandi's visibility and awareness among the investment community.

Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi Commented, "As we enter an important next phase in the Company's growth and development, we are committed to strengthening our communications efforts with key investment audiences in the U.S. and China. We selected TPG as our strategic investor relations firm based on their strong relationships on Wall Street and expertise in representing China-based companies listed on the U.S. markets."

Brandi Piacente, President of TPG, added, "Kandi is uniquely positioned to benefit from the growing market demand and government support for electric vehicles in China. We are pleased to have this opportunity to communicate their value proposition and exciting growth story. We look forward to working with management to effectively convey their vision and raise Kandi's profile with investors and analysts."

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 vehicle products. Kandi has established itself as the one of China's leading manufacturers of pure electric vehicle ("EV") parts, EV products and off road vehicles. More information can be viewed at its corporate website is http://www.kandivehicle.com. The Company routinely posts important information on its website.

About The Piacente Group

The Piacente Group, Inc. is a full service investor relations and financial communications consulting firm with offices in New York, California and Beijing. Representing a strong portfolio of U.S. and China-based companies, TPG develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. Value-driven communications, proactive outreach to Wall Street, targeted media relations and innovative social media methodologies work in concert to market TPG's clients' securities before optimal investment audiences.

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 ("SEC") 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: Company Contact: Ms. Kewa Luo Kandi Technologies Group, Inc. Phone: 1-212-551-3610 Email: IR@kandigroup.com IR Contact: Matthew Abenante The Piacente Group Phone: 1-212-481-2050 Email: kandi@tpg-ir.comSource:Kandi Technologies, Corp.