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Tesla has signed an agreement with Ant Group's Alipay to integrate digital payment software into its services in the Chinese market.
The agreement, signed on Tuesday, will see Tesla launch Alipay-backed smart parking services in its vehicles in the Chinese market, allowing drivers to pay for parking directly from the in-car touchscreen. Alipay stated that more "in-car lifestyle scenario" features will be developed in the future. This collaboration comes as competition in China's electric vehicle market intensifies, with Tesla facing profit pressures and declining sales.
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