RTTNews | Dec 14, 2021 11:21AM EST

11:20 Tuesday, December 14, 2021 (RTTNews.com) - Chinese EV maker, XPeng Inc. (XPEV) saw its stock slip 5% on the Tuesday market after the company was reportedly fined RMB100,000 by the market regulators in China.

According to reports, the State Administration for Marketing Regulation in the Xuhui District branch has fined the automaker after it was found that the company has bought 22 facial recognition cameras to record the facial expression of visitors. From January through to June, the company has illegally recorded 431,600 facial images without the permission of the visitor.

The stock of the company is currently trading at $44.62, down $0.70 or 1.54% since the previous close at $45.32. The stock opened at $45.81 in the morning. In the 52-week period, the stock has ranged from $22.73 and $60.04 per share.

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