0001062993-13-003723.txt : 20130801 0001062993-13-003723.hdr.sgml : 20130801 20130801083010 ACCESSION NUMBER: 0001062993-13-003723 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130801 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130801 DATE AS OF CHANGE: 20130801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kandi Technologies Group, Inc. CENTRAL INDEX KEY: 0001316517 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 870700927 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33997 FILM NUMBER: 131000991 BUSINESS ADDRESS: STREET 1: JINHUA CITY INDUSTRIAL ZONE STREET 2: ZHEJIANG PROVINCE CITY: JINHUA STATE: F4 ZIP: 321016 BUSINESS PHONE: (86-0579) 82239851 MAIL ADDRESS: STREET 1: JINHUA CITY INDUSTRIAL ZONE STREET 2: ZHEJIANG PROVINCE CITY: JINHUA STATE: F4 ZIP: 321016 FORMER COMPANY: FORMER CONFORMED NAME: Kandi Technologies Corp DATE OF NAME CHANGE: 20070813 FORMER COMPANY: FORMER CONFORMED NAME: STONE MOUNTAIN RESOURCES INC DATE OF NAME CHANGE: 20050203 8-K 1 form8k.htm FORM 8-K Kandi Technologies Group, Inc.: Form 8-K - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

July 29, 2013

KANDI TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware 001-33997 90-0363723
(State of Incorporation) (Commission File Number) (IRS Employer Identification)

Jinhua City
Industrial Zone
Jinhua, Zhejiang Province
People’s Republic of China
Post Code 321016
(Address of principal executive offices)

(86-579) 8223-9700
Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Item 8.01 Other Events.

On July 29, 2013, Judge Michael M. Pritchett of the Circuit Court of Ripley County of the State of Missouri (the "Court") entered the final orders and judgments in favor of the defendants Kandi Technologies Group, Inc. ( the "Company") and Zhejiang Kandi Vehicles Co., Ltd. (the "Kandi Vehicles") a wholly owned subsidiary of the Company and against plaintiffs GRIFFIN and ELDER, respectively, pursuant to the jury verdicts rendered in two cases of GRIFFIN v. SUNL GROUP, et al., and ELDER v. SUNL GROUP, et al. on July 17, 2013. The costs of defendants Kandi Vehicles and Kandi Technologies shall be taxed to plaintiffs.

The Company's press release announcing this result is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit

Exhibit No. Description
99.1 Press Release, dated August 1, 2013

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 1, 2013

KANDI TECHNOLOGIES GROUP, INC.

By: /s/ Hu Xiaoming                                   
Name:Hu Xiaoming
Title: President and CEO

EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Kandi Technologies Group, Inc.: Exhibit 99.1 - Filed by newsfilecorp.com

Exhibit 99.1

Kandi Obtains Complete Victory in Two Lawsuits in Missouri

JINHUA, China, August 1, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (KNDI) today announced that the Company and its wholly owned subsidiary Zhejiang Kandi Vehicles Co, Ltd. (the "Kandi Vehicles") obtained complete victories in two cases of GRIFFIN v. SUNL GROUP, et al., and ELDER v. SUNL GROUP, et al. in the Circuit Court of Ripley County of the State of Missouri (the "Court") in which the Company and Kandi Vehicles were defendants.

The final orders and judgments were entered by the Court on July 29, 2013 pursuant to the jury verdicts rendered on July 17, 2013 after an eight day jury trial from July 8th to July 17th, 2013 in Ripley County, Missouri. The verdicts were unanimous decisions by the 12 person jury that agreed the Company and Kandi Vehicles should not be held liable for the plaintiffs' claims.

According to the Court orders and judgments, the costs of defendants Kandi Vehicles and Kandi shall be taxed to plaintiffs.

"We applaud the jury's decision and the court of justice. We have believed that the United States of America is a nation of laws. As long as we respect and obey the laws strictly, our company will be protected by the laws. " Mr. Hu the Chairman and CEO of the Company said.

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 vehicles. Kandi has established itself as the one of the world's largest manufacturer of pure electric vehicles (EVs), Go-Kart vehicles, and tricycle and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com.

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.

Contact:

Kandi Technologies Group, Inc.

China:
Email: IR@kandigroup.com
Phone: 86-579-82239856

U.S.A.:
Email: IR@kandigroup.com
Phone: 1-212-551-3610