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Kandi Technologies Reports Strong Sales and Earnings Increase in Third Quarter 2012

November 14, 2012

Third Quarter Revenue Increased 23.8% YoY to $12.77 Million, Income From Operation Jumped by 164.5% to $1.49 Million; Third Quarter GAAP Net Income Increased 54.5% YoY to $0.59 Million; Company Gained Significant Increase in ATV, Go-Kart and EV Sales Before the Official Launch of Hangzhou's 20,000 Pure EV Project

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