Li Guoliang, Deputy Governor of Hainan Province, Tours Kandi’s Hainan Facility

JINHUA, China, Sept. 01, 2017 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ GS: KNDI), today announced that Mr. Li Guoliang, Deputy Governor of Hainan Province, along with other political leaders from the Provincial Department of Commerce, the Provincial Tourism Commission, the Provincial Culture Department, Haikou City and the Haikou High-Tech Zone, toured the Kandi Electric Vehicles (Hainan) Co., Ltd. production facility (the “Hainan Facility”) on August 29, 2017.

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Li Guoliang (center), Deputy Governor of Hainan Province

Mr. Yao Wei, the Deputy General Manager of the Hainan Facility, escorted the group and provided Deputy Governor Li and the other delegates with an overview of the Hainan Facility, highlighting progress updates on the Hainan Facility’s first prototype of pure electric vehicle, Model K23. Kandi’s Model K23 incorporates internationally-recognized advanced driver technology, and features a touchscreen control interface, high-pressure 4-in-1 power controls, an automated collision prevention system, an ultra lightweight structure, increased motor efficiency, a superior battery-energy ratio, and wireless internet capabilities, among other exciting features. The Model K23 has a wheelbase of 2.65 meters and a maximum speed of 100 km/h, and drivers can choose between driving ranges of 150 km or 250 km, according to intended use, whether as family transportation or for use as part of a car-hailing service. Deputy Governor Li was impressed with the progress the Hainan Facility has achieved and praised the development of the Model K23. At the end of his visit, he encouraged Kandi to accelerate its pace in research and development, and urged to us to continue to innovate new vehicle types to satisfy market demand for electric vehicles. Deputy Governor Li also reaffirmed the Hainan Provincial Government’s continuous support for Kandi’s renewable energy vehicle development.

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Kandi Model K23

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. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), and the partially and wholly-owned subsidiaries of Kandi Vehicles.  

More information can be viewed at the Company's corporate website at http://en.kandivehicle.com. The Company routinely posts important information on its website.

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: 1-212-551-3610
                    Email: IR@kandigroup.com