“The car industry is not a typical tech sector that you could take over at a single stroke,” Diess mentioned in an interview with German newspaper Frankfurter Allgemeine Zeitung. “Apple will not manage that overnight.”
In April 2017, Apple acquired a allow from the California Department of Motor Vehicles to check self-driving automobiles there.
“There’s just so much going on in [electric and autonomous vehicles] and connected tech,” Morgan Stanley analysts wrote in a be aware to buyers in December 2020. “It is perhaps a fitting time of the world’s most valuable company to play its hand in the $10 trillion global mobility market.”
Although that is lower than half the variety of gross sales Tesla made final yr, it represents a rise of 214% on the earlier yr and reveals Germany’s big auto business is starting to mount a problem to the chief in electrical automobiles.
That’s why, in terms of competitors from Apple, “We are not afraid,” Diess informed the German newspaper.
— CNN Business’ Clare Duffy and Charles Riley contributed to this report.