Kandi Electric Car Shines at Haikou International New Energy Electric Vehicle Equipment Exhibition

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), 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 19th to 21st, 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.

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.

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."

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.