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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of The Securities Exchange Act of 1934<BR>
Date of Report (Date of earliest event reported): </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>April 25, 2012<FONT STYLE="color: black">&nbsp;</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>KANDI TECHNOLOGIES, CORP.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter) </B></P>

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<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 32%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.25pt; font-weight: bold; text-align: center">001-33997</TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.25pt; font-weight: bold; text-align: center">90-0363723</TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.25pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">(State of Incorporation)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2.25pt; border-right: Black 1pt solid; font-weight: bold; text-align: center">(Commission File Number)</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.25pt; font-weight: bold; text-align: center">(IRS Employer Identification)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jinhua City Industrial Zone</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jinhua, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Post Code 321016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(86-579) 8223-9700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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<FONT STYLE="color: black">
(see General Instruction A.2. below):</FONT></P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
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    <TD STYLE="width: 96px; font-weight: bold">Item 8.01</TD>
    <TD STYLE="font-weight: bold">Other Events.</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously reported
on a Form 8-K filed with the Securities and Exchange Commission on February 17, 2012 (the &ldquo;Initial Form 8-K&rdquo;), Kandi
Technologies Corp., a Delaware corporation (the &ldquo;Company&rdquo;), entered into a Share Exchange Agreement (the &ldquo;Agreement&rdquo;)
with KO NGA Investment Limited, a British Virgin Islands corporation (&ldquo;KO NGA&rdquo;) and each of the shareholders of KO
NGA (&ldquo;KO NGA Shareholders,&rdquo; and, together with KO NGA, the &ldquo;Sellers&rdquo;). On April 25, 2012, following satisfaction
of the closing conditions set forth in the Initial Form 8-K, the Sellers, as previously reported on the Initial Form 8-K, exchanged
an aggregate of 253 shares of KO NGA, representing 100% of the issued and outstanding shares of KO NGA, to the Company for a total
of 2,354,212 shares of the Company&rsquo;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description
of the Agreement does not purport to be a complete and is qualified in its entirety by reference to the Agreement, which the Company
intends to file as an exhibit to the Company&rsquo;s Form 10-Q, for fiscal period ended March 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold">KANDI TECHNOLOGIES, CORP.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid; font-size: 10pt">Date: May 2, 2012</TD>
    <TD STYLE="border-bottom: white 3pt solid; font-size: 10pt">By:</TD>
    <TD NOWRAP STYLE="border-bottom: black 2.25pt solid; font-size: 10pt">/s/ Hu Xiaoming</TD>
    <TD STYLE="border-bottom: white 3pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; font-size: 10pt">Hu Xiaoming</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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{"company-data": {"conformed-name": "Kandi Technologies Corp", "cik": "0001316517", "assigned-sic": "3711", "irs-number": "870700927", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33997", "film-number": "12803681"}, "business-address": {"street1": "JINHUA CITY INDUSTRIAL ZONE", "street2": "ZHEJIANG PROVINCE", "city": "JINHUA", "state": "F4", "zip": "321016", "phone": "(86-0579) 82239851"}, "mail-address": {"street1": "JINHUA CITY INDUSTRIAL ZONE", "street2": "ZHEJIANG PROVINCE", "city": "JINHUA", "state": "F4", "zip": "321016"}, "former-company": {"former-conformed-name": "STONE MOUNTAIN RESOURCES INC", "date-changed": "20050203"}}
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):
April 25, 2012
KANDI TECHNOLOGIES, CORP.
(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))
Item 8.01
Other Events.
As previously reported
on a Form 8-K filed with the Securities and Exchange Commission on February 17, 2012 (the "Initial Form 8-K"), Kandi
Technologies Corp., a Delaware corporation (the "Company"), entered into a Share Exchange Agreement (the "Agreement")
with KO NGA Investment Limited, a British Virgin Islands corporation ("KO NGA") and each of the shareholders of KO
NGA ("KO NGA Shareholders," and, together with KO NGA, the "Sellers"). On April 25, 2012, following satisfaction
of the closing conditions set forth in the Initial Form 8-K, the Sellers, as previously reported on the Initial Form 8-K, exchanged
an aggregate of 253 shares of KO NGA, representing 100% of the issued and outstanding shares of KO NGA, to the Company for a total
of 2,354,212 shares of the Company's common stock.
The foregoing description
of the Agreement does not purport to be a complete and is qualified in its entirety by reference to the Agreement, which the Company
intends to file as an exhibit to the Company's Form 10-Q, for fiscal period ended March 31, 2012.
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.
KANDI TECHNOLOGIES, CORP.
Date: May 2, 2012
By:
/s/ Hu Xiaoming
Hu Xiaoming
President and Chief Executive Officer