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Volkswagen CEO Diess 'not afraid' of an Apple electric car

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FRANKFURT, Feb 14 (Reuters) - Germany's Volkswagen is notconcerned by any Apple plans for a passenger vehicle that couldinclude the iPhone maker's battery technology, its chiefexecutive Herbert Diess said.

Reuters reported in December that Apple may haveprogressed enough to build a vehicle for mass markets by 2024,helped by cost cuts in battery technology.

"The car industry is not a typical tech-sector that youcould take over at a single stroke," Diess was quoted as sayingan interview with Frankfurter Allgemeine Sonntagszeitung.

"Apple will not manage that overnight," he added.

While Apple's plans are not public, Diess said itsintentions as such were "logical" because the company hadexpertise in batteries, software and design, and that it haddeep pockets to build on these competencies.

"Still, we are not afraid," he said.

Volkswagen plans to develop software needed forautonomous cars in-house to ensure it can compete against techfirms in the field of electric car data.(Reporting by Vera Eckert;Editing by Alexander Smith)