Head of Volkswagen: "The future of industry is smart cars"

Volkswagen head: "The future of the industry for smart cars"

With 7 on 12 September in Germany will host the international automotive exhibition IAA Mobility 2021, in which the largest automakers will take part. A few days before the exhibition, the head of Volkswagen Herbert Diess gave a short interview.

According to Diss, the future of the industry is not for electricity, and for smart cars: “Autonomous driving will really change the industry, like nothing else. Autonomous driving and software is what matters.”. TO 2030 year, the automotive software market will grow to 1,4 trillion dollars, says Diss.

Over the past decade, automakers and technology companies have invested billions of dollars in self-driving vehicles., but technical and regulatory constraints do not yet allow for the abandonment of classic cars.

A year ago, Volkswagen invested 2,6 billion dollars in startup Argo AI, which specializes in unmanned vehicles. The companies will jointly present the ID.Buzz electric minibus at the exhibition, equipped with cameras, radar and lidar sensors. Volkswagen will test ID.Buzz on the streets of Hamburg within a few months. The automaker plans to launch a full-fledged unmanned service to 2025 year.

Citigroup is also positive about the outlook for the smart car market. According to analysts, within four years, sales of electronics and software for cars will exceed sales of smartphones, Tablets, computers and wearable devices, combined. "We are thinking, what to 2030 year, the cost of technology will be 50% from the cost of a standard smart car", — assumed in the bank.

How they think in Citi, one of the beneficiaries of the development of the industry could be the chipmaker and software developer Nvidia. The company helps Mercedes develop next-generation vehicles, which the automaker will present in 2024 year. Nvidia's automotive sales last quarter were 152 million dollars, or 2,3% of total revenue.

In addition to Nvidia, Citi analysts have identified such companies, как TE Connectivity, KLA and Corning.

Volkswagen head: "The future of the industry for smart cars"

  Investments and personal finance. Part I: How does money appear for investments
Scroll to Top