Kandi Technologies Model K17 Named China 2015 Pure Electric Passenger Vehicle of the Year

JINHUA, China, Jan. 19, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ:KNDI) (the "Company" or "Kandi"), today announced that its Kandi Brand Pure Electric Vehicle ("EV") Model K17 (Kandi Cyclone) was awarded China 2015 Pure Electric Passenger Vehicle of the Year at the 6th Global New Energy Vehicle ("GNEV") Conference held on January 16, 2016 in Guangzhou. The Kandi K17 was also voted China’s 2015 Green Car of the Year as it ranked first out of 20 EV models sold in China during a one-month online consumer voting campaign hosted by GNEV.

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Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented, "We are very proud to receive the awards from GNEV and consumers, which recognize the advanced performance of Kandi K17 and our leadership in China's EV industry. With K17 under pre-sale in Beijing and Shanghai, our direct sales program has become one of our key growth engines as we continue our business expansion in 2016. We remain committed to developing high-quality products for our customers, while further promoting the rapid EV adoption in China."

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (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 one of China's leading manufacturers of pure electric vehicle ("EV") products (through its joint venture), EV parts and off-road vehicles. More information can be viewed at the Company's corporate website at 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.

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Company Contact: Ms. Kewa Luo Kandi Technologies Group, Inc. Phone: 212-551-3610 Email: IR@kandigroup.com IR Contact: The Piacente Group Phone: 212-481-2050 Email: kandi@tpg-ir.com

Source:Kandi Technologies Group, Inc.