Item 1.01 Entry into a Material Definitive Agreement.

On January 24, 2013, Kandi Technologies Group, Inc. (the "Company") entered into the First Amendment to the Warrant To Purchase Common Stock (the "Warrant") with Capital Ventures International (the "Capital Ventures"), effective as of January 22, 2013. The Company entered into a Securities Purchase Agreement with Hudson Bay Master Fund, Ltd. ("Hudson Bay") and the Capital Ventures (collectively as the "Investors") in January 2010, pursuant to which the Company issued the warrants (as adjusted in August 2010) to the Investors, which would expire on January 22, 2013, initially disclosed in the Form 8-K filed by the Company on January 21, 2010.

As of January 22, 2013, Hudson Bay has exercised all its warrant shares while Capital Ventures has exercised 355,000 warrant shares with 334,574 warrant shares remaining unexercised.

Under the First Amendment to the Warrant, the Company amends and extends the expiration date of the Warrant to Capital Ventures from January 22, 2013 to March 8, 2013. The amendment and extension of the expiration date of the Warrant does not extend any rights of Capital Ventures under the Securities Purchase Agreement other than the right to exercise its remaining warrant shares.

The description of the terms and conditions of the First Amendment to the Warrant To Purchase Common Stock is qualified in its entirety by the full text of that document, which is attached hereto as an Exhibit.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description of Document
10.1 First Amendment to the Warrant To Purchase Common Stock

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