Zhejiang Kandi Electric Vehicles Co., Ltd. Appointed Mr. Liu Jinliang as Vice President of Sales & Marketing

Zhejiang Kandi Electric Vehicles Co., Ltd. Appointed Mr. Liu Jinliang as Vice
President of Sales & Marketing

JINHUA, China, May 22, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc.
(the 'Company' or 'Kandi') (Nasdaq:KNDI), today announced that on May 21^st,
2013, upon the nomination by General Manager Mr. Hu Xiaoming and approved by
the Board of the Directors, Zhejiang Kandi Electric Vehicles Co., Ltd. ('the
JV Company') appointed Mr. Liu Jinliang as the Vice President of Sales &
Marketing for the JV Company, effective immediately.

Mr. Liu Jinliang joined Geely Auto Co., Ltd in 1995, and from 2005, Mr. Liu
was in charge of the sales for Geely Auto. Mr. Liu became the Vice President
of Geely Auto Holding Group ('Geely') and General Manager of Zhejiang Geely
Holding Group Automobile Sales Company Limited in 2007.

Mr. Hu Xiaoming, the General Manager of the JV Company, comments, "The
appointment of Mr. Liu Jinliang, one of the most seasoned and experienced
sales and marketing senior executive in Geely, to become the VP for Sales and
Marketing of the JV Company, demonstrates Geely's great support and focus on
the new energy vehicles and the JV Company. We are confident that with Mr. Liu
Jinliang in charge of sales and marketing, the JV Company will achieve great
development in the new energy vehicle business."

Mr. Li Shufu, Chairman of Geely Auto Holdings Ltd., comments, "New energy
vehicle is the strategic business sector for Geely. After years' preparation
and accumulation in technologies and marketing, especially the cooperation
with Kandi, our new energy vehicle business has entered into a fast
development lane. We believe that Mr. Liu Jinliang will utilize his experience
and expertise, as well as deploy his resources and take action to make a
break-through for the sales of the JV Company's new energy vehicles."  

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.
        
         China:
         Email: IR@kandigroup.com
         Phone: 86-579-82239856
        
         U.S.A.:
         Email: IR@kandigroup.com
         Phone: 1-212-551-3610
 
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