Kandi Technologies Announces "Global Hawk" as the New EV Brand Identity for Joint Venture Company's Electric Vehicles

Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ GS:KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), a 50/50 joint venture between Kandi and Geely Automobile ("Geely"), will use the new trademark "Global Hawk", or (http://orders.newsfilecorp.com/files/2079/17134_kandi02.jpg)™, for electric vehicles ("EVs") developed, manufactured and sold by the JV Company beginning September 1, 2015 according to the recent board resolution. As a well-recognized brand owned by Geely, the "Global Hawk" trademark has been provided to the JV Company at no cost to help address the fast-growing demand from China's EV market. Mr. Li Shufu, Chairman of Geely commented, "We believe our strategic decision to designate the trademark 'Global Hawk' for pure electric vehicles will help accelerate the JV Company's market expansion with a clear and well-defined product strategy." Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "Geely's voluntary offer of its well-known trademark to the JV Company is an important indicator of Geely and Kandi's seamless cooperation for enhancing our brand awareness and value proposition. Most importantly, this brand will boost the expansion of the JV Company's EV products into the mid-to-high-tier markets."