Depends if Apple position themselves as low volume high end premium manufacturer. If you need to spend 6 figures to get into an apple car would that worry Peugeot?As I've been saying for years, ever since the rumors of an Apple Car first surfaced, Apple would be crazy to build and sell an automobile. If Apple did so, despite how good their electric car might be, they would suddenly be competing for sales with every other car manufacturer out there, and those companies would now have a disincentive to embrace Apple software in their vehicles.
Apple can generate far more revenue with their enhanced CarPlay approach, designing software that every other automobile manufacturer out there can integrate into their own vehicles, while Apple enhances the utility of owning an iPhone.
Don’t forget that Apple’s own figures suggest that a majority of people won’t consider a car without CarPlay. What if Apple start by making that a unique selling point over Tesla?