Chinese electric-vehicle maker XPeng announced that it will recall 13,399 G3 electric sport utility vehicles. This is its first vehicle recall since it was introduced to American exchanges in August.
The company will recall 13,399 G3 electric sport utility vehicles due to an inverter issue that may cause the vehicle to lose power and lead to a safety risk, according to China's State Administration for Market Regulation. The recall will begin on Saturday.
According to XPeng, it has delivered more than 24,000 of the vehicles, which were manufactured between March 2019 and September 2020.
The company’s shares are up nearly 130% since its debut.