Volkswagen said on Tuesday it will invest up to €1 billion ($1.2 billion) in artificial intelligence by 2030, deploying the technology across its business to accelerate development and cut costs, with expected savings of up to €4 billion by 2035.
The announcement came on the opening day of the IAA Mobility show in Munich, where European carmakers are unveiling new electric models and digital features to counter growing competition from China.
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Volkswagen said the investment will support AI-driven vehicle development, industrial applications and expanded high-performance IT infrastructure.
“For us, AI is the key to greater speed, quality and competitiveness – along the entire value chain, from vehicle development to production,” said Hauke Stars, the carmaker’s chief IT executive.
The group, facing cost pressures in Germany and slowing momentum in China, also presented the ID.CROSS concept, a small electric SUV aimed at the mass market.
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