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Kandi Technologies' Mini-Public Transportation EVs Appear on International Green Vehicle Industry Expo and Bring New Energy EVs

Kandi Technologies' Mini-Public Transportation EVs Appear on International
Green Vehicle Industry Expo and Bring New Energy EVs Storm in Hangzhou City

JINHUA, China, July 15, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group,
Inc. (the 'Company' or 'Kandi') (Nasdaq:KNDI), today announced at the 2013
China (Hangzhou) International Green Vehicle Industry Expo, Kandi showcased
several models of its electric vehicles for the mini-public transportation
system which will be launched by Zhejiang ZuoZhongYou Electric Vehicle Service
Co., Ltd. ('ZZY EV Service Company'). Kandi's electric vehicles were highly
recognized by the audience at the show. The visitors & citizens are very
looking forward to the new mini public transportation system of pure electric
vehicles in the city and believe the new system will improve the efficiency of
urban transportation, and help ease traffic congestion, scarcity of parking,
and environmental pollution. The new mini-public transportation by EVs has
become a hot topic in Hangzhou city and brings a storm of new energy vehicle
discussion in the city.

(To view an image of the electric vehicles, please visit:
http://orders.newsfilecorp.com/files/2079/6037_nr_enlarged.jpg)

The first pure EV smart vertical parking and charging facility at Gudang
Technology Park of Xihu District, invested and built by ZZY EV Service Company
has been completed and will start in operation soon. The additional pure EV
smart vertical parking and charging facilities and network are in the process
orderly. ZZY EV Service Company anticipates to deploy 5,000-10,000 Kandi brand
pure EVs in Hangzhou City within one year from now. 

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