SOURCE: Kandi Technologies, Corp.

Kandi Technologies, Corp.

May 05, 2011 11:32 ET

Kandi Technologies Announces Intent to Respond to Media Story

JINHUA, CHINA--(Marketwire - May 5, 2011) - Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese exporter of off-road vehicles and developer of pure electric vehicles (EV), said it intends to release a response as soon as possible regarding a recent online story about Kandi. The Company believes the story is inaccurate and is causing volatility in the Company's stock. Kandi affirmed that there are no new developments at the company to warrant the stock price decline.

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, a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO electric vehicle (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 corporate website is http://www.chinakandi.com.

Contact Information

  • Contacts:
    Kandi Technologies, Corp.
    Xiaoming Hu
    Chairman and CEO
    86-579-82239856

    Cathy Cao
    Executive Vice President of Finance
    (212) 551-3610
    email: cathy_kndi@yahoo.com

    Jeff Lambert
    Mike Houston
    Lambert, Edwards & Associates
    (616) 233-0500
    email: mhouston@lambert-edwards.com