[Assets Purchase Agreement Party A: Zhejiang Kandi Vehicles Co., Ltd. Address: Jinhua Industrial Zone, Jinhua City, Zhejiang Province, China Legal Representative: Xiaoming Hu Party B: Zhejiang New Energy Vehicle System Co., Ltd. Address: No.1008 Lake Tai Road Changxing Economic Development Zone, Zhejiang Province, China Legal Representative: Liang Fang Whereas: 1. Party A and Geely will jointly establish a new company] [FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): February 27, 2013 KANDI TECHNOLOGIES GROUP, INC. Delaware 001-33997 90-0363723 (State of Incorporation) (IRS Employer Identification) Post Code 321016 Jinhua City Industrial Zone (86-579) 8223-9700 Item 1.01 Entry into a Material Definitive Agreement. On February 27, 2013, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), a wholly owned subsidiary]