Form 8-K Kandi Technologies Group For: Dec 31

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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): December 30, 2014

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))

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Item 5.07 Submission of Matters to a Vote of Security Holders.

On December 30, 2014, Kandi Technologies Group, Inc. (the �Company�) held its 2014 Annual Shareholders Meeting. A quorum was present at the meeting as required by the Bylaws of the Company, as amended. The final voting results for each matter submitted to a vote of shareholders at the meeting are as follows:

Proposal 1: Election of Directors

The following seven individuals were elected as the Board of Directors of the Company to serve as directors until the 2015 Annual Shareholders Meeting or until their successors have been duly elected and qualified. No broker non-votes are counted.

�	Votes Cast	�
Nominees	For	Withheld
Hu Xiaoming	16,459,681	112,276
Zhu Xiaoying	16,430,240	141,717
Qian Jingsong	16,481,612	90,345
Ni Guangzheng	16,426,442	145,515
Jerry Lewin	16,182,138	389,819
Henry Yu	16,281,889	290,068
Chen Liming	16,418,816	153,141

Proposal 2: Advisory Vote on Compensation of Named Executive Officers

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers. No broker non-votes are counted.

For	Against	Abstain
16,195,142	229,533	147,282

ITEM 7.01 REGULATION FD DISCLOSURE.

On December 30, 2014, the Company had a question and answer session (the "Q&A") at its Annual Shareholders Meeting and the bilingual transcript for the Q & A is furnished herewith as Exhibit 99.1, which is incorporated herein by reference.

The information contained in this Item 7.01 is not �filed� for purposes of the Securities Exchange Act of 1934, as amended, and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent the Company specifically incorporates the information by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.	Description
99.1	Bilingual Transcript for the Q & A Session of the 2014 Annual Shareholders Meeting

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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.

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�	Title: Chief Executive Officer

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2014 Annual Shareholders Meeting Q&A

The Bilingual Transcript for the Q&A Session for the 2014 Annual Shareholders Meeting
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1.	Q: Questions about production capacity on existing and two new facilities
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	A: At present, Changxing and Shanghai�s designed annual facility capacity is 100k units, respectively. Jinhua�s designed annual facility capacity is 30k units. Rugao and Wanning facilities will each achieve 100k annually once the constructions are complete. We endeavor to have the two new facilities completed and commence the operation in 2015.

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2.	EV Parts
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	Q: The last 10Q states that Kandi will no longer be selling �complete EV kits� to the JV, only parts. What percentage of a completed vehicle do the Kandi �Parts� represent? What major components are included?
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	A: Parts primarily include motor, electric control, batteries and other components. These components represent roughly 60% of a complete vehicle.

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Q: Does Kandi have to sell the �parts� at a discount to the JV, or at fair market value with mark-up as if the parts were purchased from outside suppliers? Margin on Mark-up?

A: All of these parts are priced according to the market price.

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2014 Annual Shareholders Meeting Q&A

3.	EV Driving Range
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	Q: The official MIIT (Ministry of Industry and Information Technology) range of the SMA7000BEV and SMA7001BEV is >150km but ZZY stated range is 70- 80km. What accounts for the difference?
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	A: All our cars are compatible with both charging and battery exchange features. The car can be installed with 20 kWh(kilowatt-hour), and in this case, the driving range can achieve 150km. Drivers can also choose to have10 kWh installed with another 10kWh being charging at the same time, and the driving range would be lower.

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Q: What is the expected city-driving range for each model?

A: 100-200 km.

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4.	Early on, Kandi�s Quick Battery Exchange (QBEX) was an excellent concept for both consumers and the State Grid for �Battery to Grid� (B2G). Is this:

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Q: Still a viable concept? Do all Kandi EV�s have the QBEX �Side Slide� Battery feature?

A: This is still a practical concept for the future EV technology development. Our cars will be installed with both charging and QBEX functions, but each EV model will be customized depending on its specific features.

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2014 Annual Shareholders Meeting Q&A

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Q: What is the State Grids� current feeling toward Kandi and QBEX?

A: The State Grids� operational model has been through a lot of reformation these years. The answer to this question lies on the State Grids� new operational functions in the near future.

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5.	Q: OEM-EV. Are these special purpose vehicles assembled under Kandi New Energy�s own production license and are they completed EVs? Is the OEM-EV the same as the KD5011XXYEV? The Sept 3 2014 PR introduced the Kandi special purpose vehicle KD5011XXYEV, which looks similar to the SMA7001BEV.
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	A: OEM-EV is assembled under Kandi New Energy�s own production license, which is the same as KD5011XXYEV.

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6.	New Generation Battery with Tianning Power.
	Q: Kandi recently announced a large battery order from Tianning Power, is the batteries purchased the new Generation Battery? If not: a. Can you tell us more about the new Generation Battery and where it stands in development and testing? b. Will the New Generation battery be exclusive to the JV company or will it be available to any third parties?
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	A: No, the recent announcement is not related to the new generation battery. The new generation battery we are working with Tianneng Power is now in the testing phase and once officially releases, it will be provided exclusively to Kandi JV. It won�t be available to any third parties.

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2014 Annual Shareholders Meeting Q&A

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7.

[Note: The Q&As in this section 7 was inadvertently omitted during the call and we hereby restore it here.] Q: In spite of what can only be described as an incredible and highly profitable first three quarters launch for the Kandi-Geely JV, Shortsellers continue to spread rumors that Geely is not happy with the relationship. Can you address this and a few more Geely questions?

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Q: What is your feelings on the relationship?

A: Geely and Kandi have been cooperating very well and we both work hard in building a stronger and more successful company together.

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Q: In addition to the Panda, What other Geely contributed Vehicles are being contributed to the JV for EV development?

A: Besides Geely Panda, we have jointly developed the KD17 Kandi Cyclone based on Geely�s Cross vehicle model and KD30 (SMA7002BEV05) based on Geely�s Emgrand vehicle model.

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2014 Annual Shareholders Meeting Q&A

8.	Q: Relationship with Alibaba-Since Alibaba is also a Hangzhou based company, is there any thoughts about developing a Carshare tower on Alibaba�s campus? Any other plans that Kandi could work with Alibaba?
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	A: We are working on a variety of aspects for potential cooperation with Alibaba.

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9.	Q: Forecast on the Car-Share program in 2015-Do you expect sales growth from the existing cities, or significant expansion to new cities? Approximately how many new cities do you expect to add in 2015?
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	A: The sales in each existing city will continue to grow and we expect to have additional number of new cities to be included in 2015. The exact number of cities will depend on circumstances.

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10.	Q: Government subsidies and Delay in Hangzhou subsidy.
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	A: Please refer to our recent 10Q and ppt filed with 8-Ks for detailed explanation on how the national and local government subsidies are received. Subsidy program renewal for 2016-2020 will be announcing upon the completion of the governmental reviewing process. Delay in Hangzhou local subsidy payment is due to many reasons that are out of Kandi�s control. We believe it will be finalized soon.

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11.

Q: In the 10-Q for Q3-2014, on page 63 is a reference to a payment of $57,342,430 made to Nanjing Shangtong Auto Technologies Co., LTD (an equipment supplier) for equipment purchase related to the development of the manufacturing facility in Wanning City, Hainan province. Can you explain what type of equipment is being purchased? What is the basis for Kandi's selection of this supplier?

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2014 Annual Shareholders Meeting Q&A

A: Nanjing Shangtong is the equipment one-stop supplier responsible for supplying equipment including design, tooling, fixtures, gages and the four major production line equipment to Kandi Wanning�s manufacturing factory. After thorough comparisons, we believes Nanjing Shangtong meets all our standards for equipment supplies.

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12.	Q: At one time Kandi�s Legacy business of Go-carts, UTV�s etc. was very profitable. Over the past year this business has dropped off considerably. Can you tell us what you see for the future of the Legacy business?
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	A: Due to the strong demand and tremendous opportunities in EVs, our focus has been shifted to the EV sector.

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13.	Q: Request for the more detailed disclosure regarding the summary of JV operations, quantities sold for each specific EV model, monthly EV production and unit sales, number of EVs sold by city.
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	A: We have provided a summary of JV operations in our footnote 21 from the 10-Q for the quarter ended June 30, 2014. We will continue to assess and provide updates and expended description as necessary. Furthermore, we will assess the materiality on the other factors listed here during the preparation of our future reports.

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14.	Q: With strong revenue and earnings stream, the JV company seems to be a prime candidate to bring to public. If so: How soon could this happen? Would it be in the US? Would it be in Hong Kong? Would it be on a China Exchange, such like Shanghai Stock Exchange?

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2014 Annual Shareholders Meeting Q&A

A: Very likely, the plan will depend on specific circumstances.

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