JINHUA, CHINA--(Marketwire - Dec 23, 2011) - Kandi Technologies, Corp. (the 'Company' or 'Kandi') (NASDAQ: [ KNDI ]), a leading Chinese manufacturer and developer of pure electric vehicles (EVs) and all-terrain vehicles (ATVs), today announced the Company and State Grid jointly demonstrated the Express-Battery Technology at China International Electric Vehicle and Charging Equipment & Storage Technology Exhibition sponsored by the China Electricity Council (CEC) in Haikou City, Hainan Province this past week from December 19^th to 21^st, 2011.

Chinese government delegates, executives and engineers from China's major electricity companies, upstream and downstream EV-related industries and experts from various institutions attended this exceptional exhibition in an indoor and outdoor space of approximately 10,000 square meters containing 500 booths. A large number of leading domestic and foreign new energy vehicle manufacturers and companies in related industries participated in the exhibition, which was covered by major Chinese news media such as Xinhua News Agency and China Central Television.

Focus of Attention

Kandi and State Grid demonstrated the latest Express Battery-Changing technology for electric vehicles, which became the focus of attention at the exhibition and received broad attention from industry experts. The Express Battery-Changing technology represents the most advanced and efficient battery change solution in China. The new business model of vehicle and battery separation with an express battery change system developed by Kandi is well recognized by the industry and provides a solid foundation for the further development of a pure electric vehicle industry in China.

During the exhibition, visitors were invited to test drive Kandi's electric vehicles and experience the innovative new technology. The test drive experience generated much enthusiasm among visitors and citizens and is expected to stimulate purchases of the new "green" transportation experience.

Reaching New Audiences

Mr. Xiaoming Hu, Chairman and Chief Executive Officer of Kandi Technologies, commented "We are extremely pleased and honored that the State Grid demonstrated our KD5011XXYEV in conjunction with their battery change equipment and battery charging system in their booth at the Exhibition. The exhibition and demonstration helped introduce the electric vehicle's proven technology and Kandi's new business model to more audiences and will also provide us valuable feedback from industry experts and consumers."

About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: [ KNDI ]) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company's products can be viewed at [ http://www.kandivehicle.com ] and its IR website is [ http://www.kanditechnology.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.