Kandi Announces Initial EV Sale to Postal Service in Hangzhou

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Kandi COCO EV Electric Cars

Kandi Announces Initial EV to Postal Service in Hangzhou

CHINA, Jul 12, 2010 (MARKETWIRE via — Kandi Technologies, (NASDAQ: KNDI), a leading manufacturer of recreational vehicles and of the COCO and other all electric for the international and Chinese markets, today that the Postal in the Chinese city of Hangzhou has an initial order for 60 Kandi all vehicles. The order, which is to be delivered this month, is first from a municipal in the capital city of Zhejiang It also is the first order for the all Kandi KD5010xxyev since its approval for sale in China by the Ministry of Industry and Information and the subsequent publication of this in the Chinese Alternative Energy Catalog, as reported by the Company on 21, 2010.

This initial by the Hangzhou Postal Service is for to be used as a Special Postal Hangzhou, one of China’s most cities, is one of the first five cities in which the Chinese will begin to offer subsidies and special policy to electric vehicle and hybrid as announced by the Ministry of Finance on 1, 2010.

The Company added that the order by the Postal Service approximately RMB 4,080,000 (US $602,450). It was in to a widespread call by government in Hangzhou for its municipal services to alternative energy vehicles. The said the government approved EV emits no emissions, and meets all of the set by the Chinese government.

After a touch of green paint, it is the cars will be shipped and to appear on the streets of Hangzhou the end of July.

By improving the environment and the standard of service provided by the Service in Hangzhou, we believe sale will serve as an of the potential for utilizing electric for mail delivery throughout all of stated Mr. Xiaoming Hu, Chairman and CEO of He added, We will continue to our EV products to all major government in China. More immediately, to the Company, this first sale to a municipal service in marks Kandi’s entry the scene in serving the needs of major metropolis.

As such, Kandi is closely with the Postal Service and government to ensure that aspect of the demonstration period well, and will help the way — as described in a statement by the — for our electric vehicles to brightly in the city of Hangzhou. Kandi Technologies, Corp.

Technologies, Corp. (NASDAQ: ranks as one of the largest manufacturers and of go-karts in China, making it a leader in the production of this recreational vehicle. It also among the leading manufacturers in of all terrain vehicles (ATVs), and utility vehicles (UTVs), for agricultural purposes. Recently, it a second generation high two seater three-wheeled motorcycle.

A major company focus has been on the manufacture and sales of economical, beautifully designed, all super mini cars for neighborhood driving and commuting. in convertible and hardtop models in the the COCO travels up to 60 miles at reaching 25mph on a six hour Recently, Kandi received approvals for the sale of its super-mini EVs in including the KD5010xxyev, which can go up to 45

Additionally, the Company has spearheaded of The Alliance for Chinese Electrical Development and Commercialization (The — — see below) for the and servicing of EVs in China with the of becoming a leading player in the EV industry.

Kandi believes that powered, electric super will become the Company’s revenue and profit generator. The products can be viewed at http://www.kandivehicle.com .

Kandi COCO EV Electric Cars

The Alliance For Chinese Electric Development and Commercialization (the On January 4, 2010, Kandi it had forged an Alliance with Chinese energy, IT and battery to help launch a new electronic (EV) era in China. The new business of the Alliance addresses key hurdles to commercialization of EVs by reducing EV purchase eliminating battery concerns and increasing driving ranges. The new envisions expansion on a city by basis of its new model, key elements of include: strong government separating the sale of electric from the sale of batteries, of a comprehensive network of battery within each city for repair, replacement and charging of and also, utilizing Kandi and patented and patent pending EV for easy removal and replacement of The core members of the Alliance Kandi Technologies Corp. Potevio/CNOOC New Energy and Power (a joint venture between National Offshore Oil Corporation and Potevio Co.) and Tianneng International, Ltd.


Jinhua City, where is based, has been chosen as the model EV city by the Alliance.

Regarding Forward-Looking Statements for historical information contained the statements in this Press are forward-looking statements that are pursuant to the safe harbor of the Private Securities Litigation Act of 1995. Forward-looking statements known and unknown risks and which may cause our actual in future periods to differ from forecasted results. risks and uncertainties include, other things, product market competition, and risks in our operations.

These and other risks are in our filings with the Securities and Commission.

Contacts: Kandi Corp.

Hu Xiaoming Chairman and CEO — 83906856 US Investors: Ken donfgroup@aol.com kdonenfeld@dgiir.com Tel: Fax: 646-381-9727 SOURCE: Technologies, Corp mailto:donfgroup@aol.com

Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars
Kandi COCO EV Electric Cars

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