Daily Market Updates: Tesla signs deal to integrate Alipay into its cars as China competition heats up

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Tesla signs deal to integrate Alipay into its cars as China competition heats up

Reported · Written up by our desk · North America

Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...

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SCMP EconomyTesla signs deal to integrate Alipay into its cars as China competition heats up

Global Markets

Tesla signs deal to integrate Alipay into its cars as China competition heats up

More like this

Sources

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