Launch of Kandi Global Hawk K17AS Marks Start of Pure Electric Car-Share Era in China

Jinhua, China–(Newsfile Corp. – August 3, 2017) – Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”), today announced that Kandi Electric Vehicles Group Co., Ltd. (the “JV Company”, a 50/50 joint venture between Kandi and Zhejiang Geely Holding Group) is unveiling its new model “Global Hawk K17AS” at the Global New Energy Vehicle Expo Conference – Future Auto Show (the “GNEV EXPO”), currently being held at the Shanghai New International Expo Centre from August 3, 2017, through August 5, 2017. The theme of this year’s exhibition, “Redefine the Automobile, Redefine Going Places,” is a call to action to transform electric vehicles by increasing electrification, “smart” features, lightweight design, and car-sharing. The unveiling of the Global Hawk K17AS will underline Kandi’s radical vision of engineering a connection to the future, and as a major exhibitor at the GNEV EXPO, the JV Company’s advanced products stand out among other presenters advocating the concept of Smart Life and Networked World.

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GNEV EXPO 2017

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Smart Remote-Control your electric vehicle from your mobile phone.

The Global Hawk K17AS is the JV Company’s first internet-enabled smart electric vehicle (“EV”), and is an upgraded model based on the Global Hawk K17A. The technology available in this smart EV is a major step forward from the previous model, and with the new smartphone features that it incorporates, the K17AS will be as connected to your life as your smartphone is. Innovative features include in-vehicle 4G Internet access, user remote control over vehicle software, remote monitoring, and tamper detection, all of which allow the vehicle owner to enjoy a truly “smart” car.

GNEV EXPO 2017-K17AS

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The K17AS’s center console is equipped with the latest generation of 12.1-inch touch screen, co-developed by Kandi and Hikvision, and uses Alibaba’s YunOS smartphone operating system to support a multifaceted infotainment system that delivers navigation, music, internet search functions, vehicle status monitoring, driving behavior data analysis, and more. Drivers of the K17AS will have access to customized feature selections to enhance their driving experiences through advanced data analysis.

The K17AS comes with a complete set of dual user-machine interface application systems, combining market-leading touch screens with traditional control knobs and buttons. With touch screen-based user interface features controlling the lighting, doors, windows, air conditioning, trunk, wireless Internet access, and other key functions, the K17AS is the JV Company’s rising star.

The K17AS’s internet-based wireless remote control feature also incorporates real-time data feeds to alert customer service centers to provide advanced safety protections, such as automatic alerts during unusual driving scenarios or sudden malfunctions. With these real time-time customer service center transmissions, drivers will be able to receive immediate and custom-tailored assistance. Drivers can control almost every vehicle function from a distance – from powering on, opening doors and windows, operating lights and air conditioning, downloading software updates and more – with a touch of a smartphone, thanks to the K17AS’s wireless remote control function.

Mr. Hu Xiaoming, Chairman of Kandi commented, “in today’s increasingly internet-focused society, car-sharing is continuing its rapid worldwide growth, and will be the ultimate path for EV development. Kandi will take advantage of this opportunity to break through and become a pioneer in China’s EV industry. The implementation of EV car-sharing is also a practical demonstration of the concept of “two mountains”, as articulated by Xi Jinping, the President of China. President Xi gave a speech calling for two “mountains” – the first mountain being technological development, including with regard to basic services that improve peoples’ lives. The second mountain he called his “mountain of gold”, meaning a return to nature. President Xi called clean forests and clean water the real “gold” of China. Guided by five major development concepts-innovation, coordination, environmental protection, openness and sharing – disruptive technology, together with continued evolution of the Internet, will promote the expansion of EV use and other environmentally-friendly consumer experiences. We believe that in the near future, Kandi’s EV car-sharing model will become a trend in China’s major cities. The adoption of our EV car-sharing model will alleviate urban traffic congestion and environmental pollution. Kandi is working hard to make its contribution to achieve “Green Transport, Smart China” and to keep urban traffic clear and the environment pristine.”

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. More information can be viewed at the Company’s corporate website at http://ift.tt/1iTKaQ6. 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.

Follow us on Twitter: @ Kandi_Group

Company Contact:

Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 1-212-551-3610
Email: IR@kandigroup.com

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