NEW YORK, July 23, 2014 Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ: KNDI).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether Kandi and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On July 23, 2014, a report published by the seekingalpha.com website stated that, "KNDI is selling EVs and battery packs at a loss to the JV and certain other corporate entities for the buildout of the Carshare project of which they only have a 9.5% economic interest in. The most disturbing part of this is how KNDI continually boasts about huge revenue growth when, in fact, all they are doing is building out inventories and selling battery packs at a loss to create the appearance of rapidly growing company revenue."

On this news, shares of Kandi fell $2.31 per share to $18.51, or more than 11.08%, in intraday trading on July 23, 2014.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP