Volkswagen CEO xo Herbert Diess isn't afraid of Apple, although the tech company might have electric cars on the way.The car industry is not a typical technology sector you can take over at one point," Diess said in an interview with German newspaper Frankfurter Allgemeine Zeitung. "Apple will not handle that overnight.

Years ago, industry observers speculated that Apple (AAPL) would launch a self-driving electric vehicle. The conversation took place in December 2020, when Reuters citing anonymous sources reported that Apple planned to produce passenger cars by 2024.In April 2017, Apple received a license from the California Department of Motor Vehicles to test self-driving vehicles there.

There's a lot going on in [Electric and autonomous vehicles] and connected technology, ”Morgan Stanley analysts wrote in a note to investors in December 2020.“ It might be the right moment for the world's most valuable company. Come into play A $ 10 Trillion Global Movement Market Volkswagen is also aiming to be the dominant in the electric vehicle field.The automobile company sold 231,600 battery electric vehicles in 2020,

according to figures released by the company in January. Although it accounted for less than half of Tesla's sales last year, it was up 214% last year and shows that Germany's massive auto industry has begun to challenge the electric car leader.
That's why when it comes to competition from Apple, "we're not afraid," Diess told a German newspaper.Despite the growing speculation, Apple has been quiet about its car ambitions and the company still wants a partner for the iCar.