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The BMW Group

With its four brands, BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales network in more than 140 countries.

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133.5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products – from the supply chain through production to the end of their useful life.

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 19.4-16.1 kWh/100 km; CO₂ emissions combined: 0 g/km; CO₂ class(es): A; electric range: 666-806 km

MINI Cooper SE: energy consumption combined: 14.7 kWh/100 km; CO₂ emissions combined: 0 g/km; CO₂ class: A; electric range: 385-400 km

Press Contact: Michaela Martinus
Tel: +49-89-382-21163
E-mail: michaela.martinus@bmw.de

Agility, efficiency, AI-based innovations: BMW Group sets course for greater profitability and resilience

Wed, 30 Sep 2026 15:00:00 +0200

Munich. The BMW Group provided a first glimpse of its future plans at its Capital Market Day 2026. The aim is to strengthen the company’s resilience and enhance the competitiveness of its structures. In this way, the BMW Group is preparing to face increasingly challenging market conditions in the years ahead. To achieve this, the company is relying on its strategic strengths: technology openness, potential for technological innovation, a global presence and a clear premium brand strategy.

In recent months, the BMW Group has made far-reaching decisions and begun implementing initial measures to significantly increase speed and efficiency across the company. A large number of additional topics are currently being evaluated, with decisions expected by spring 2027. Based on these measures, the company aims to be back within its long-term target range of eight to ten percent for EBIT margin in the Automotive Segment by the start of the next decade. Free cash flow in the Automotive Segment should then increase to at least seven billion euros. As an initial interim step in 2028, the EBIT margin is expected to be within the range of three to five percent.

“The BMW Group has always been at the forefront of the automotive industry – and that is where it belongs in the future as well. Under increasingly challenging conditions, we have defined initial measures to reposition ourselves and will implement them with strong momentum,” said Milan Nedeljković, Chairman of the Board of Management of BMW AG, on Wednesday. “The BMW Group has the critical expertise to successfully pursue this path. The strengths of our corporate culture are also crucial to this: Courage and pragmatism will be just as important as having an entrepreneurial mindset and the determination to succeed,” Nedeljković continued.

Walter Mertl, member of the Board of Management of BMW AG responsible for Finance, added: “The BMW Group remains committed to maintaining its consistent focus on value creation and sustainable profitability. At the same time, we will continue to ensure that our shareholders also share in the company’s long-term success.”

Regional and focused: Product portfolio revised to enhance profitability

As the first step in this process, the BMW Group’s model line-up will be aligned even more systematically with diverse regional customer preferences. This includes targeted expansion and strengthening of the product range, as well as significant adjustments to its drive train portfolio, focusing on models that can deliver the greatest value for customers and the highest contribution margins over the long term in each market. At the high end of the portfolio, the BMW, BMW M and Rolls-Royce brands will be refined to leverage their respective strengths and unlock additional earnings potential.

In this context, the BMW Group will bring the first model of the BMW ALPINA brand to market in the coming year. Inspired by the BMW 7 Series, the company is strategically expanding its range of products in the segment between BMW and Rolls-Royce with this new offering and tapping into additional potential at the top end of the market.

At the same time, the number of variants across the entire portfolio will be reviewed and reduced to optimise profitability. For example, there will be no successor to models such as the BMW 2 Series Active Tourer.

More local production in China – expansion of exports under review

A particular focus of the portfolio streamlining is on China, where local production in the high-volume segments will be expanded with the launch of the Neue Klasse, while imports will be limited to the models with the highest margins.

Local development activities will also be expanded and technological features designed to meet Chinese customers’ needs more closely. The aim is to increase the share of locally manufactured vehicles developed specifically to suit Chinese customer preferences to at least 95 percent by 2030.

As part of the further development of its production network, the company is also considering expanding exports of vehicles manufactured in China to Southeast Asian markets.

Top-end addition for the US – more regionalised SAV production

Specifically for the highly successful Sports Activity Vehicle (SAV) segment in the US, the BMW Group is considering introducing an additional offering above the current top-end model, the BMW X7, that would be closely tailored to the needs of the US market.

Demand for BMW’s globally highly successful premium SAV models is already so high that Plant Spartanburg, the “home of X”, is currently operating at full capacity. In this situation, the BMW Group is also striving for greater regionalisation so it can expand global production of these models. This would enable the company to meet growing customer demand in all sales regions more comprehensively and more directly.

Compact BEV with Neue Klasse technology for Europe

In 2028, with a focus on Europe, the BMW Group will strengthen its presence in the high-volume entry segment with another fully-electric model from the Neue Klasse. Having initially rolled out the technologies of the Neue Klasse at the core of the BMW brand and with the BMW X5 and BMW 7 Series now also available in the upper segments, the next step will be for compact models to also benefit from these innovations.

In this way, the company – in combination with its fully-electric MINI model range – is further strengthening its successful line-up of emotionally appealing compact models with innovative Neue Klasse technologies, which continues to drive the reduction of its fleet-wide CO₂ emissions in the EU.

Artificial intelligence as key lever for agility and efficiency

The wide-scale rollout and systematic use of artificial intelligence across the company is a key driver of increased speed and agility, faster decision-making and greater efficiency – from development and purchasing through to sales and marketing and aftersales.

“Consistent use of agentic AI applications across all areas of the company will be a game-changer for more agile and efficient development, leaner structures and faster decision-making,” says CFO Mertl.

AI-based innovations for significantly faster development

A particular focus is on optimisation and further development of the entire value chain. The BMW Group will continue to set new technology benchmarks with brand-defining innovations such as the sixth-generation e-drive, the “Heart of Joy” – the dynamic heart of the Neue Klasse, and the BMW Panoramic iDrive. More than 100,000 new orders for the BMW iX3* in Europe and the strong customer interest in the new BMW i3 and the new BMW X5 confirm the BMW Group's consistently high innovative potential.

On the manufacturing side, artificial intelligence is already an integral part of the BMW Group’s production system and a core element of the BMW iFACTORY. Relying on a standardised IT and data model, intelligent systems are being used at nearly every stage of production – from virtual factories with digital twins and AI-supported quality inspections to intralogistics with autonomous transport solutions. Going forward, digital AI agents will increasingly perform challenging tasks autonomously in a continuous learning process. In combination with self-learning robots, this gives rise to Physical AI – as the basis for flexible, efficient and competitive production.

To further accelerate development of these kinds of brand-defining innovations, the role of artificial intelligence will also be significantly expanded throughout the entire value chain.

The BMW Group will transfer AI from individual applications to core vehicle development processes. In the future, agentic AI is expected to provide end-to-end support, from the initial technical requirements to testing and release. To achieve this, the company is connecting specialised digital agents with a foundation of development data and existing IT systems built up over decades. This allows complex information to be analysed more quickly, routine tasks to be automated and processes to be designed more efficiently. The results are consistently monitored, reviewed and finally approved by the developers.

One example of this is the collaboration between the BMW Group and AI company Mistral on crash simulations. By combining the BMW Group's engineering datasets with Mistral AI’s training capabilities, this combination enables the creation of specialised AI model, that enhance the quality, speed and efficiency of vehicle development. To scale this approach, the BMW Group is relying on Large Industry Models (LIMs) – a new generation of AI systems trained on industry-specific engineering and simulation data, which make industry expertise directly usable.

At the same time, to substantially reduce the effort involved across development, purchasing and production, high-quality "Industry Best Offer" solutions – representing an optimal combination of innovation and scalability – will also be more widely used in the future. This will allow the BMW Group to focus its expertise and capacity more on the areas that most strongly differentiate its own brands from the competition.

From software-defined vehicle to AI-defined vehicle

With the first models of the Neue Klasse, BMW has laid the foundation for the next generation of digital vehicles. The new zonal electrical and electronics infrastructure will be used across all vehicle segments. This will reduce complexity, leverage economies of scale and make new functions available to customers faster. The Neue Klasse already demonstrates how intelligent software and artificial intelligence optimise the customer experience. They create the ideal basis for the next phase of development: the AI -defined vehicle. Here, the focus is no longer on individual functions, but on the intuitive interaction of the whole vehicle across all vehicle domains. From driver assistance to infotainment to basic and comfort functions, all systems work together seamlessly and intelligently, according to the situation.

Level2++ driver assistance solutions for China, the EU and the US to launch in 2027

The AI transformation is also speeding up development of driver assistance systems at the BMW Group. The new L2++ system developed in partnership with Momenta will be rolled out in China with the launch of the Chinese variant of the BMW iX3. As the only system on the market, it offers the brand-specific BMW Symbiotic Drive, which ensures intuitive interaction between the driver and assistance functions.

Next year, as a result of the development cooperation with Qualcomm, the BMW Group will be among the first manufacturers to offer navigation-guided driver assistance in Germany – on motorways, secondary roads and city streets – based on the new DCAS regulation (a Europe-wide legal framework for “Driver Control Assistance Systems”). Other countries, including the US, will follow in stages. All customers driving the new vehicle generation will be able to flexibly activate the additional features over the air.

By the end of the year, BMW will offer its proven Highway Assistant with hands-free assisted driving in 21 countries. BMW customers have already driven more than 250 million kilometres hands-free with the Highway Assistant. For the BMW iX3 and subsequent models, the Highway Assistant has been upgraded with BMW Symbiotic Drive. This functionality is specifically designed to ensure seamless interaction between assistance systems and human driving behaviour. With driver assistance active, the driver can accelerate, steer and brake as needed, without immediately triggering deactivation of longitudinal and lateral guidance. The operating logic and clear displays in the BMW Panoramic iDrive ensure that assisted driving is intuitive and controllable at all times – for safe use of the highest level of automation in SAE Level 2.

Critical raw materials: Greater resilience across global supply chains

To increase resilience in times of geopolitical volatility, the BMW Group is adopting new approaches to the procurement of critical raw materials and components. The company is focusing on new partnerships, alternative concepts and collaborations, as well as closer cooperation across competitors within the European Union to secure supplies of critical raw materials and components, including semiconductors. Alongside stakeholders in the automotive industry, policymakers are increasingly called upon to develop solutions and ensure greater resilience in the face of global competition.

BMW to introduce new sales model in Europe in 2027

Following the successful go-live of the genuine agency model for MINI sales in 24 European markets, the rollout for the core BMW brand is scheduled to get underway in mid-2027. This gives the company a consistent Europe-wide data basis spanning the complete customer journey, from test drive to aftersales. Here, artificial intelligence is not merely an additional tool, but the foundation of the entire sales system, enabling even more tailored solutions for every customer through both local retail partners and digital offerings.

Adjustments to personnel and management structures

Alongside adjustments to its model line-up and planned internal efficiency gains, the BMW Group is also increasingly examining its costs and operational processes.

“Our global business model remains the foundation of our success. At the same time, we are improving our structures and cost base so we can meet the increasingly fierce competition that will define this industry in the coming years. The workforce restructuring programme is an important lever for this,” said Nedeljković.

To continue aligning the company with lasting changes in the operating environment, the BMW Group already reached an agreement on a significant adjustment to personnel structures with the Works Council in July and is firmly committed to this course.

In addition to a voluntary severance programme, processes will be significantly streamlined and accelerated over the coming months. Through the efficient use of artificial intelligence, the company aims to align itself even more systematically for agility and effectiveness across all departments and corporate levels. This calls for significantly leaner management structures and a reorganisation of the divisions. By the middle of next year, the BMW Group will reduce the number of divisions and associated management roles by 20 percent, with a comparable reduction at the organisational levels below.

With a focused portfolio, regionalisation of the model line-up and AI-based innovations, the BMW Group is reinforcing its long-term strategic direction as a leading global premium manufacturer through the implemented measures. At the same time, technology openness and the Neue Klasse, with its exceptional product momentum, remain the firm cornerstones of the BMW Group and the foundation of its corporate strategy.

Overview of quotes:

Milan Nedeljković, Chairman of the Board of Management of BMW AG: “The BMW Group has always been at the forefront of the automotive industry – and that is where it belongs in the future as well. Under increasingly challenging conditions, we have defined measures to reposition ourselves and will implement them with strong momentum. The BMW Group has the critical expertise to successfully pursue this path. The strengths of our corporate culture are also crucial to this: Courage and pragmatism will be just as important as having an entrepreneurial mindset and the determination to succeed.”

Walter Mertl, member of the Board of Management of BMW AG responsible for Finance: “The BMW Group remains committed to maintaining its consistent focus on value creation and sustainable profitability. At the same time, we will continue to ensure that our shareholders also share in the company’s long-term success.”

“Consistent use of agentic AI applications across all areas of the company will be a game-changer for more agile and efficient development, leaner structures and faster decision-making.”

Questions and answers:

What are the BMW Group's financial goals for the measures presented at the Capital Market Day?

The BMW Group aims to be back within its long-term target range of eight to ten percent for EBIT margin in the Automotive Segment by the start of the next decade. An EBIT margin of three to five percent is the interim target for 2028. This is based, for example, on a more focused and strongly regionalised product portfolio, efficiency gains throughout the value chain and leaner organisational structures.

Which concrete measures did the BMW Group present?

Two new models: an SAV above the current BMW X7 top-end model and a fully-electric model in the entry segment, with a focus on Europe.
There will be no successor to several models, such as the BMW 2 Series Active Tourer.
In China: more localized models, with the export of vehicles manufactured in China to Southeast Asian markets under review.
Systematic use of artificial intelligence across the company, from development and purchasing through to production and aftersales.
Implementation of the personnel restructuring programme, with a 20-percent reduction in the total number of divisions and associated management roles.

What role does artificial intelligence play in the BMW Group's strategy?

Going forward, the goal is for artificial intelligence to be used consistently across all core business processes: from development and purchasing, through production, sales and marketing, to aftersales. For example, in vehicle development, AI agents will support technical requirements, testing and release, analyse complex information faster and automate routine tasks. In production, AI-based systems are already used throughout many process steps.

If you have any questions, please contact:

BMW Group Corporate Communications

Martina Hatzel, Communications BMW Group

Telephone: +49 89 382-11966

Email: martina.hatzel@bmwgroup.com

Dr. Britta Ullrich, Communications Finance

Telephone: +49 89 382-18364

Email: britta.ullrich@bmwgroup.com

Lennart Wermke, Communications BMW Group Financial Services
Telephone: +49 151 601-980 96
Email: lennart.wermke@bmwgroup.com

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18.1-15.1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A; electric range: 673-805 km (WLTP)

Press Contact: Martina Hatzel
Tel: +49-89-382-11966
E-mail: martina.hatzel@bmwgroup.com

BMW model updates, autumn 2026.

Wed, 30 Sep 2026 08:30:00 +0200

Munich. Attractive new standard and optional equipment, combined with the market launch of numerous new models and additions to the powertrain portfolio will bring even greater variety to the BMW model range in autumn 2026. In addition, digital innovations increase convenience, enhance usefulness and deliver even greater entertainment value to customers.

New Black Package for the M Performance models of the BMW 2 Series Coupé, BMW 4 Series Coupé and BMW 4 Series Convertible maximises sporting appeal in the interior.

The striking Black Package is a new option for the M Performance models of the BMW 2 Series Coupé, BMW 4 Series Coupé and BMW 4 Series Convertible. It is available exclusively with the M Sport package Pro, which includes the M Sport brake in Red. The Black Package makes for a particularly dynamic ambience in the cabin, with motorsport-inspired carbon details adding powerful highlights. The M Carbon Fibre interior trim and M leather steering wheel with carbon decorative trim underscore the sporting appeal of the interior. In addition, the BMW M240i xDrive Coupé (WLTP combined (EnVKV): fuel consumption 8.0 l/100 km; CO₂ emissions 181 g/km; CO₂ class: G)¹ comes with black door sill strips, like the powerful M Performance models for the BMW 4 Series Coupé and BMW 4 Series Convertible. Distinctive features of the Black Package include exclusive model badges at the rear and the BMW M logo in black on the side panel.

The Black Package for the BMW M440i xDrive Coupé (WLTP combined (EnVKV): fuel consumption 7.7 l/100 km; CO₂ emissions 175 g/km; CO₂ class: F)¹ as well as for the BMW M440d xDrive Coupé (WLTP combined (EnVKV): fuel consumption 6.5 l/100 km; CO₂ emissions 171 g/km; CO₂ class: F)¹ also includes 19-inch M light alloy wheels Double-spoke style 995 M Jet Black with mixed tyres. They make for an even more dynamic look. This wheel-and-tyre combination is also included in the equipment package for the two open-top models, the BMW M440i xDrive Convertible (WLTP combined (EnVKV): fuel consumption 7.7 l/100 km; CO₂ emissions 176 g/km; CO₂ class: G)¹ and the BMW M440d xDrive Convertible (WLTP combined (EnVKV): fuel consumption 6.8 l/100 km; CO₂ emissions 178 g/km; CO₂ class: G)¹. Further M light alloy wheels are available as optional add-ons to the Black Package for the four BMW 4 Series models mentioned above.

Premieres: New models and powertrains for the BMW 7 Series, BMW X5, BMW iX5, BMW X3, BMW iX3 and BMW 2 Series Active Tourer.

The BMW model range will feature numerous new additions in autumn 2026. Three models from the new BMW 7 Series unveiled in spring 2026 will have their start of production and launch on the German market. They include the 230 kW/313 hp BMW 740d xDrive (WLTP combined (EnVKV): fuel consumption 7.0 l/100 km; CO₂ emissions 185 g/km; CO₂ class: G)¹ as well as the BMW 750e xDrive plug-in hybrid model (WLTP combined (EnVKV): energy consumption: 12.5 kWh/100 km and 5.5 l/100 km; CO₂ emissions: 124 g/km; CO₂ classes: with discharged battery G, weighted, combined D; fuel consumption with discharged battery: 8.9 l/100 km)¹ with 360 kW/489 hp of power. The 450 kW/612 hp M Performance model, the BMW M760e xDrive (WLTP combined (EnVKV): energy consumption: 11.0 kWh/100 km and 6.7 l/100 km (WLTP); CO₂ emissions: 151 g/km (WLTP); CO₂ classes: with discharged battery G, weighted, combined E; fuel consumption with discharged battery: 10.0 l/100 km)¹, completes the top end of the BMW 7 Series range. All three new models come with 3.0-litre six-cylinder in-line engines.

Models from the new BMW X5 generation unveiled in summer 2026 will also have their market launch in the coming months. They include the two plug-in hybrid variants, the BMW X5 50e xDrive (WLTP combined (EnVKV): energy consumption: 13.9–13.7 kWh/100 km and 5.8– 5.5 l/100 km; CO₂ emissions: 132–126 g/km; CO₂ classes: with discharged battery G, weighted, combined D; fuel consumption with discharged battery: 9.7–9.3 l/100 km)¹ and BMW X5 M60e xDrive (WLTP combined (EnVKV): energy consumption: 14.1 kWh/100 km and 6.2 l/100 km; CO₂ emissions: 141 g/km; CO₂ classes: with discharged battery G, weighted, combined E; fuel consumption with discharged battery: 10.9 l/100 km)¹, as well as the BMW iX5 60 xDrive (WLTP combined (EnVKV): energy consumption 22.5–19.3 kWh/100 km; CO₂ emissions: 0 g/km; electric range: 723–850 km; CO₂ class: A)¹ electric version of the new BMW X5.

Another premiere comes in the form of the BMW iX3 40 xDrive (WLTP combined (EnVKV): energy consumption 19.5–16.3 kWh/100 km; CO₂ emissions: 0 g/km; electric range: 515–621 km; CO₂ class: A)¹. This electric SUV produces 275 kW/374 hp of power. The BMW X3 M50 xDrive (WLTP combined (EnVKV): fuel consumption 8.8 l/100 km; CO₂ emissions 199 g/km; CO₂ class: G)¹ will in future deliver an output of 326 kW/443 hp – a significant, 33 kW/45 hp increase over the previous model version.

Further changes to the BMW powertrain range concern the BMW 218i Active Tourer (WLTP combined (EnVKV): fuel consumption 6.1 l/100 km; CO₂ emissions 138 g/km; CO₂ class: E)¹, its sister model, the BMW 220i Active Tourer (WLTP combined (EnVKV): fuel consumption 6.1 l/100 km; CO₂ emissions 138 g/km; CO₂ class: E)¹ and the BMW X3 20 xDrive (WLTP combined (EnVKV): fuel consumption 8.2 l/100 km; CO₂ emissions 186 g/km; CO₂ class: G)¹.

Even more choice: New BMW Individual special paint finishes available for the BMW 7 Series and BMW i7.
The range of exterior colours for the BMW 7 Series and the BMW i7 is set to expand – and become even more exclusive. From autumn 2026, a total of eight particularly attractive BMW Individual Two-Tone paint finishes will be available for all engine variants.

Vehicle colour Contrasting colour

BMW Individual Two-Tone Black Sapphire metallic	Space Silver metallic
BMW Individual Two-Tone Aventurine Red III metallic
BMW Individual Two-Tone Tanzanite Blue II metallic
BMW Individual Two-Tone Vancouver Green metallic
BMW Individual Dual-Finish Frozen Space Silver metallic
BMW Individual Two-Tone Frozen Tanzanite Blue III metallic	Frozen Space Silver
BMW Individual Dual-Finish Frozen Black metallic	Black Sapphire metallic
BMW Individual Two-Tone Frozen Space Silver metallic	Frozen Tanzanite Blue III metallic

In addition, there are two new options for the BMW 7 Series and the BMW i7 – the digital interior mirror and pre-heating.

BMW 2er Active Tourer: 17-inch light alloy wheels now come as standard for three new models.
Newly included as standard for the BMW 218d Active Tourer (WLTP combined (EnVKV): fuel consumption 5.0 l/100 km; CO₂ emissions 133 g/km; CO₂ class: D)¹, BMW 220d Active Tourer (WLTP combined (EnVKV): fuel consumption 4.7 l/100 km; CO₂ emissions 123 g/km; CO₂ class: D)¹ and BMW 225e xDrive Active Tourer (WLTP combined (EnVKV)): energy consumption: 11.5 kWh/100 km and 2.9 l/100 km; CO₂ emissions: 66 g/km; CO₂ classes: with discharged battery E, weighted, combined B; fuel consumption with discharged battery: 6.2 l/100 km)¹ from autumn 2026: 17-inch light alloy wheels Star-spoke style 875, replacing the previous 16-inch light alloy wheels.

Interior upgrade for the BMW X3.
From autumn 2026, the BMW X3 will benefit from a number of new interior features. These include, for example, illumination in the centre console storage compartment, a grab handle with ambient lighting and a new glove box opener. The instrument panel will feature new stitching. The loading sill in the luggage compartment has a new stainless steel insert (not for the BMW X3 20 xDrive (WLTP combined (EnVKV): fuel consumption 8.2 l/100 km; CO₂ emissions 185 g/km; CO₂ class: G¹) and BMW X3 20d xDrive (WLTP combined (EnVKV): fuel consumption 6.5 l/100 km; CO₂ emissions 171 g/km; CO₂ class: F)¹).

BMW iX3: New exterior colours. Optional roof rails in Black high-gloss.
Mineral White metallic will in future be available as a new exterior colour for the BMW iX3. New BMW Individual special paint finishes will also be available. New seat adjustment controls in the doors, complete with contour lighting, will in future be included as standard in conjunction with the optional multifunction seats and BMW sport seats. The Wireless Charging tray Plus will come as standard from autumn 2026. In addition, each of the standard front seats will come with a Travel & Comfort adapter on the back. Black high-gloss roof rails will in future be available as a new option. Another new feature is the changed geometry of the brake calipers on the optional M Sport brake, both the Red version and the Blue.

For BMW models with BMW Operating System 9 and X: even more entertainment with Amazon Prime Video.
In the second half of 2026, the addition of Amazon Prime Video will expand the range of digital entertainment available in BMW vehicles equipped with BMW Operating System 9 or X. Customers will be able to use the BMW Video & TV App or an app download from the in-car App Store to access series, films, blockbusters and sports content. They will be able to pick up their viewing exactly where they left off at home.

Drive Challenge: live feedback on driving style.
The innovative BMW Drive Challenge function in vehicles equipped with BMW Operating System X provides drivers with direct, real-time feedback on precise and safe acceleration, steering and braking. Particularly adept driving manoeuvres are also considered. The direct visual feedback provided by BMW Panoramic Vision can help drivers improve their skills. Even after completion of their journey, drivers can see in the My BMW App which journeys had the Drive Challenge activated and how their driving manoeuvres were rated. The feature will be rolled out in stages across different vehicle models; integration with the My BMW App is expected to be available from the end of 2026.

Even better and more intuitive: BMW Maps.
From October 2026, BMW Maps will combine navigation, vehicle surroundings and driver assistance features in a combined 3D view in vehicles equipped with BMW Operating System X. This provides drivers with an intuitive view of how the vehicle interprets its environment and which assistance functions are supporting the current driving task. The solution developed by the BMW Group combines precise map data, vehicle sensors and artificial intelligence and uses navigation data and mapping technology from Mapbox.

The integration of Google data makes searching in BMW Maps even better. Customers can find the right places and points of interest more quickly and benefit from more comprehensive search results as well as additional information such as reviews, photos and other relevant details.

BMW M Performance Parts: innovative M light alloy wheels for BMW M5 models.

BMW M Performance Parts have always made a clear statement about future-forward technology, sporty and dynamic looks and uncompromising quality. BMW is continuing its successful tradition of tailor-made individualisation with the new BMW M light alloy wheels, manufactured using an innovative High Pressure Casting (HPC) process. The use of this production method for the BMW M5 marks a first in the automotive industry. It enables a completely new design language for cast light alloy wheels, with previously unrealisable geometries, surfaces and filigree contours. Wheels can now feature up to 70 bladed spokes or extremely thin sections to improve aerodynamics. In addition, the new process increases strength where it matters, while saving a significant amount of weight and considerably reducing the carbon footprint.

From autumn 2026, the new M Performance light alloy wheel will be available for the first time, in Gold Bronze and Jet Black, exclusively for the BMW M5 Sedan (energy consumption weighted, combined: 17.7–17.3 kWh/100 km and 5.2–4.9 l/100 km (WLTP); CO₂ emissions, weighted, combined: 118–113 g/km (WLTP); CO₂ classes: with discharged battery G, weighted, combined D–C; fuel consumption with discharged battery: 10.7–10.5 l/100 km (WLTP))^1,2 and the BMW M5 Touring (energy consumption, weighted, combined: 18.1–17.7 kWh/100 km and 5.5–5.2 l/100 km (WLTP); CO₂ emissions, weighted, combined: 124–118 g/km (WLTP); CO₂ classes: with discharged battery G, weighted, combined D; fuel consumption with discharged battery: 11.0–10.7 l/100 km (WLTP))^1,2. New 20-inch or 21-inch 1075 M style light alloy wheels are offered as a complete wheel set with sport tyres.

The manufacturing process developed by German company Entec-Stracon GmbH enables the fast production of particularly sustainable aluminium wheels. Under vacuum and high pressure, the new M Performance light alloy wheel is cast in just 0.05 seconds from the outside in. The process is monitored by 80 sensors and an AI. Demoulding is completed within a few seconds. There is no need for any subsequent heat treatment. Overall production time is halved. The material used is an optimised, recyclable alloy. The energy required to produce a wheel is halved as well.

The new process results in a smaller grain size in the metal, significantly increasing its strength. This enables weight savings of up to 20 per cent per wheel, with performance unchanged. The significant reduction of unsprung masses results in even more agile handling, faster acceleration and improved braking performance. Benefits that further enhance the sporting character of the BMW M5 Sedan and BMW M5 Touring.

At a glance: The new BMW models for autumn 2026 (consumption and emission data, WLTP combined (EnVKV)¹)
BMW 2 Series Active Tourer	Max. output (kW/hp)	Fuel consumption (l/100 km)	CO₂ emissions (g/km)
BMW 218i Active Tourer²	96/131	6.1	138
BMW 220i Active Tourer²	125/170	6.1	138

BMW 7 Series	Max. output (kW/hp)	Energy consumption (l/100 km and kWh)	CO₂ emissions (g/km)
BMW 740d xDrive²	230/313	7.0	185
BMW 750e xDrive²	360/489	5.5 l and 12.5 kWh	124
BMW M760e xDrive²	450/612	6.7 l and 11.0 kWh	151

BMW X3	Max. output (kW/hp)	Fuel consumption (l/100 km)	CO₂ emissions (g/km)
BMW X3 20 xDrive³	155/211	8.2	186
BMW X3 M50 xDrive³	326/443	8.8	199

BMW iX3	Max. output (kW/hp)	Energy consumption (kWh/100 km)	CO₂ emissions (g/km)
BMW iX3 40 xDrive⁵	275/374	19.5–16.3	0

BMW X5	Max. output (kW/hp)	Energy consumption (/100 km)	CO₂ emissions (g/km)
BMW X5 50e xDrive³	360/489	5.8–5.5 l 13.9–13.8 kWh	132–126
BMW X5 M60e xDrive³	450/612	6.2 l / 14.1 kWh	141

BMW iX5	Max. output (kW/hp)	Energy consumption (kWh/100 km)	CO₂ emissions (g/km)
BMW iX5 60 xDrive³	425/578	22.5–19.3	0

¹ All figures stated were determined in accordance with the prescribed WLTP measurement procedure. The real-world values depend on various factors, such as load, driving style, route, weather, auxiliary consumers (including climate control systems), tyres and, where applicable, battery condition.
² New models available with start of production in November 2026.
³ New models available with start of production in December 2026.
⁴ New models available with start of production in January 2027.
⁵ New models available with start of production in February 2027.

Technical specifications apply to ACEA markets; some registration-related data apply to Germany only. All data provisional.

All descriptions of model variants, equipment, technical data, consumption and emission values are for vehicles as offered on the German market.

CO2 EMISSIONS & CONSUMPTION.

BMW M240i xDrive Coupé (WLTP combined (EnVKV): fuel consumption 8.0 l/100 km; CO₂ emissions 181 g/km; CO₂ class: G)

BMW M440i xDrive Coupé (WLTP combined (EnVKV): fuel consumption 7.7 l/100 km; CO₂ emissions 175 g/km; CO₂ class: F)

BMW M440d xDrive Coupé (WLTP combined (EnVKV): fuel consumption 6.5 l/100 km; CO₂ emissions 171 g/km; CO₂ class: F)

BMW M440i xDrive Convertible (WLTP combined (EnVKV): fuel consumption 7.7 l/100 km; CO₂ emissions 176 g/km; CO₂ class: G)

BMW M440d xDrive Convertible (WLTP combined (EnVKV): fuel consumption 6.8 l/100 km; CO₂ emissions 178 g/km; CO₂ class: G)

BMW 740d xDrive (WLTP combined (EnVKV): fuel consumption 7.0 l/100 km; CO₂ emissions 185 g/km; CO₂ class: G)

BMW 750e xDrive plug-in hybrid model (WLTP combined (EnVKV): energy consumption: 12.5 kWh/100 km and 5.5 l/100 km; CO₂ emissions: 124 g/km; CO₂ classes: with discharged battery G, weighted, combined D; fuel consumption with discharged battery: 8.9 l/100 km)

M760e xDrive (WLTP combined (EnVKV): energy consumption: 11.0 kWh/100 km and 6.7 l/100 km (WLTP); CO₂ emissions: 151 g/km (WLTP); CO₂ classes: with discharged battery G, weighted, combined E; fuel consumption with discharged battery: 10.0 l/100 km)

BMW X5 50e xDrive (WLTP combined (EnVKV): energy consumption: 13.9–13.7 kWh/100 km and 5.8– 5.5 l/100 km; CO₂ emissions: 132–126 g/km; CO₂ classes: with discharged battery G, weighted, combined D; fuel consumption with discharged battery: 9.7–9.3 l/100 km)

BMW X5 M60e xDrive (WLTP combined (EnVKV): energy consumption: 14.1 kWh/100 km and 6.2 l/100 km; CO₂ emissions: 141 g/km; CO₂ classes: with discharged battery G, weighted, combined E; fuel consumption with discharged battery: 10.9 l/100 km)

BMW iX5 60 xDrive (WLTP combined (EnVKV): energy consumption 22.5–19.3 kWh/100 km; CO₂ emissions: 0 g/km; electric range: 723–850 km; CO₂ class: A)

BMW iX3 40 xDrive (WLTP combined (EnVKV): energy consumption 19.5–16.3 kWh/100 km; CO₂ emissions: 0 g/km; electric range: 515–621 km; CO₂ class: A)

The BMW X3 M50 xDrive (WLTP combined (EnVKV): fuel consumption 8.8 l/100 km; CO₂ emissions 199 g/km; CO₂ class: G)

BMW 218i Active Tourer (WLTP combined (EnVKV): fuel consumption 6.1 l/100 km; CO₂ emissions 138 g/km; CO₂ class: E)

BMW 220i Active Tourer (WLTP combined (EnVKV): fuel consumption 6.1 l/100 km; CO₂ emissions 138 g/km; CO₂ class: E)

BMW X3 20 xDrive (WLTP combined (EnVKV): fuel consumption 8.2 l/100 km; CO₂ emissions 186 g/km; CO₂ class: G)

BMW 218d Active Tourer (WLTP combined (EnVKV): fuel consumption 5.0 l/100 km; CO₂ emissions 133 g/km; CO₂ class: D)

BMW 220d Active Tourer (WLTP combined (EnVKV): fuel consumption 4.7 l/100 km; CO₂ emissions 123 g/km; CO₂ class: D)

BMW 225e xDrive Active Tourer (WLTP combined (EnVKV)): energy consumption: 11.5 kWh/100 km and 2.9 l/100 km; CO₂ emissions: 66 g/km; CO₂ classes: with discharged battery E, weighted, combined B; fuel consumption with discharged battery: 6.2 l/100 km)

BMW X3 20 xDrive (WLTP combined (EnVKV): fuel consumption 8.2 l/100 km; CO₂ emissions 185 g/km; CO₂ class: G)

BMW X3 20d xDrive (WLTP combined (EnVKV): fuel consumption 6.5 l/100 km; CO₂ emissions 171 g/km; CO₂ class: F)

BMW M5 Sedan (energy consumption weighted, combined: 17.7–17.3 kWh/100 km and 5.2–4.9 l/100 km (WLTP); CO₂ emissions, weighted, combined: 118–113 g/km (WLTP); CO₂ cl

Press Contact: Cypselus von Frankenberg
Tel: +49-89-382-30641
E-mail: cypselus.von-frankenberg@bmw.de

Neue Klasse accelerates growth in fully-electric vehicle sales: Milestone of two million achieved

Thu, 27 Aug 2026 10:00:00 +0200

Munich. The Neue Klasse is providing strong momentum for fully-electric vehicle sales: Two million BEVs have been handed over to customers since sales of the very first BMW i3 launched in late 2013. Including plug-in hybrids, a total of around 3.5 million electrified vehicles have been delivered to customers worldwide since 2013. In the first half of 2026, more than one in every four vehicles sold was electrified.

“Selling two million BEVs underlines how BMW and MINI models are winning over customers worldwide. In Europe, the positive development has continued since the market launch of the BMW iX3*, and we will soon be reaching the milestone of 100,000 new orders. This shows the tremendous importance of the Neue Klasse for the ongoing ramp-up of electromobility at the BMW Group,” says Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales.

In the second quarter of 2026, European sales of BEV vehicles climbed steeply as availability of the BMW iX3 increased, with the company recording 38% growth to 81,445 units. In the first half of 2026, fully-electric vehicles accounted for around 28% of total sales on the company's home continent. Since the world premiere of the BMW iX3, one in three fully-electric BMW vehicles ordered in Europe has been a BMW iX3. Within the X3 family, one out of every two vehicles ordered is already a fully-electric iX3.

The two-millionth fully-electric vehicle, a BMW i5 M60 xDrive*, was produced at Plant Dingolfing and delivered to a customer in Spain. BMW Group Plant Munich began series production of the new BMW i3 in August. High demand is leading to a steep ramp-up curve at the plant. “The second Neue Klasse model, the BMW i3, is already seeing strong demand since orders opened ahead of its market launch,“ Goller continued.

With its wide range of BEVs and plug-in hybrids, the BMW Group is ideally equipped to meet customers’ growing needs and continue to offer innovative, high-quality electric vehicles. The BMW Group laid the foundation for this more than 50 years ago as an e-mobility pioneer.

If you have any questions, please contact:

BMW Group Corporate Communications

Lennart Wermke, Communications BMW Group Financial Services

Telephone: +49 151 601 980 96

Email: lennart.wermke@bmwgroup.com

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: unternehmenskommunikation@bmwgroup.com

The BMW Group

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18.1-15.1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A

BMW i5 M60 xDrive Sedan: energy consumption combined: 19.5-19.4 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A

Press Contact: Lennart Wermke
Tel: +49-151-601-980-96
E-mail: lennart.wermke@bmwgroup.com

Statement Dr. Milan Nedeljković, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 June 2026

Thu, 30 Jul 2026 08:37:53 +0200

Good morning,

Ladies and Gentlemen.

Over the past several weeks, we have seen how quickly our business environment can change.

As Walter outlined, the Q2 results reflect our adjusted guidance. However, the figures in the first and second quarters are not satisfactory.

The rapid deterioration of the market in China was the main trigger that forced us to adjust our guidance in June. In addition, new competitors are also expanding into several markets across Asia-Pacific, Latin America and Europe. These market dynamics, however, are just one aspect of the fundamental changes in our industry.

In a little over a year, several other factors have converged and have had a significant impact on our business environment, including:

headwinds from tariffs, trade barriers and currency exchange rates;
increasing requirements in regulations, especially in Europe; and
the impact of the ongoing conflict in the Middle East.

To address these challenges we are taking immediate, decisive action to drive the necessary change.

This will ensure that we remain competitive and will return us to better results – for the short, medium and longer term.

In the short term, we are taking steps to accelerate ongoing cost reduction initiatives, focusing on structural and efficiency measures. These will deliver a sustained reduction of our overall fixed costs. The impact will be visible from 2027 onwards and will provide a new baseline for our strategic and operational measures going forward.

One important aspect is the dimension of the organization, which we will make leaner to increase speed and effectiveness. We have made very quick progress with the General Works Council to reach an agreement on a workforce restructuring program. This includes a voluntary severance program in indirect functions in Germany.

Now, we will move forward with the implementation of the agreed measures in order to realize the benefits in the near term.

As our industry continues to transform, we need to be prepared for the road ahead – by tackling both our structures and our processes.

To ensure that we are fit to deliver the necessary changes in the mid-term, we are closely examining the entire value chain and have begun to take action on four key areas internally:

Customer journey, our organizational structures, delivery and purchasing, and engineering.

To give you an idea of what we are looking at:

On the customer side: our focus is on the continued implementation of a new sales model in Europe, which requires a shift in mindset from wholesalers to retailers.

At the same time, we are optimizing every touchpoint in our customer ecosystem and leveraging the data we have to generate additional business opportunities.

On the organizational side: this means making greater use of AI to further automate processes and increase speed; as well as accelerating decision-making throughout the organization.

On delivery and purchasing: we are looking at how value creation is distributed globally and identifying opportunities to expand our local-for-local approach.

And on engineering: our focus is on increasing the speed of development through further standardization and communality in engineering solutions and components.

Across all these areas, we will fundamentally transform the company.

On the long-term perspective, we are constantly looking at the broader, strategic picture – covering technologies, products, markets and brands.

In all of these areas we are taking significant steps and picking up the pace. For example, we are re-evaluating which technologies,

model variants, and drivetrains we will need in the future. We are also further tailoring our approach to individual markets and their specific product and drivetrain requirements. And we are evaluating where we can pursue new partnerships where it makes economic and technological sense.

While we face a lot of headwinds at the moment, we also have a solid foundation to leverage. In Q2 we saw a strong performance in Europe and the US which could partly counterbalance the developments in China and Asia Pacific. And our performance in China to date in 2026 was at least in line with the overall market development.

We will also build on key changes that we have made in the last years, in particular the significant investment in Neue Klasse.

But this also includes the consolidation of the dealer network in China and, not least, the cost savings of 2.5 billion euros that we made in 2025.

As we look ahead, our strong portfolio of premium products and technologies, our drivetrain approach and our global footprint provide us with a strategic direction as we navigate the current market environment.

First: our products and technologies.

The rollout of the Neue Klasse is now well underway.

The BMW iX3* continues to see strong momentum:

We are on track to reach the next major milestone of 100,000 orders.

To support this incredible demand, we introduced a second shift at Plant Debrecen ahead of schedule. Since the start of series production, the plant has already produced 50,000 BMW iX3 – the fastest ramp-up of a new BMW Group plant.

We have also seen strong demand for the BMW i3 launch edition with initial orders, which we started earlier than planned in June. Regular ordering will open at the end of September.

Just a few weeks ago, we also celebrated the world premiere of the new, fifth-generation BMW X5. The new X5 shows the full potential of our technology-open approach – the second pillar of our strategic foundation.

Customer needs and expectations vary widely from market

to market – and even within individual markets. Our Q2 sales also reflect this reality and the strength of our technology-open approach. In Europe, sales were supported by BEV growth, which jumped by over a third in Q2. In the US, sales of ICE vehicles drove growth to double digits in the second quarter, as BEV demand in the overall market fell.

The positive response to the BMW iX3, i3, new 7 Series and X5 shows that we have made the right investments to bring the right product momentum to the markets. And there is much more to come, as our product roadmap remains firmly on track: by the end of next year, we will have launched 40 new and updated models.

This includes the first Neue Klasse models in China – the BMW iX3 and BMW i3 long-wheelbase. Produced at our manufacturing base in Shenyang, they have been developed specifically for Chinese customer preferences, and incorporate technologies from local tech players.

This illustrates the third key pillar of our strategy:

our global footprint with a local-for-local approach.

In major markets, it allows us to better address individual market needs, while serving demand through local production and supply chains. Particularly in challenging times, this set up offers us significant resilience and flexibility as developments vary from market to market.

Ladies and gentlemen,

We are operating in a dynamic and challenging environment.

We are taking a critical look at how we work, including re-visiting core processes and structures that previously were considered untouchable.

We know we have hard work to do on the road ahead. My responsibility is to ensure that we pick up the pace and increase the impact.

We know we can put the company back on a solid, enduring path to the premium profitability that the company is capable of generating.

We remain ambitious and intend to return to our strategic EBIT margin corridor of 8-10% by the beginning of the next decade. In the interim, we will work our way back to this target step-by-step.

Ultimately, it’s about ensuring the long-term success of the company and creating value for our customers, our partners and our investors.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18.1-15.1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A; electric range: 679-805 km (WLTP)

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 June 2026

Thu, 30 Jul 2026 08:30:00 +0200

- Check against delivery –

SLIDE 2: BMW Group Half-Year Report to 30 June 2026

Ladies and Gentlemen,

Good morning.

Our second-quarter results reflect the challenging market conditions the BMW Group is currently facing, as outlined in our ad-hoc communication on June 16th.

During the quarter, both the Chinese automotive market and BMW Group retail sales in China continued to decline.

At the same time, higher export volumes from China increased competitive intensity in other markets, with a particular impact on our business in the Asia-Pacific region.

Together with the effects of the ongoing conflict in the Middle East, these developments weighed on both our sales and financial performance.

While BMW Group deliveries increased by 7.6 percent in Europe and 11.9 percent in the US, this was not sufficient to offset the decline in China and Asia-Pacific.

SLIDE 3: BMW Group Performance in Q1 and H1 2026

Group revenues amounted to 31.3 billion euros in the second quarter and 62.3 billion euros in the first six months.

Group earnings before tax totalled 1.7 billion euros, a decline of 35 percent compared to the second quarter of last year.

Year-to-date through June, Group EBT declined by 29.4 percent year-on-year to around 4 billion euros.

This resulted in a Group EBT margin of 5.4 percent in the second quarter and 6.5 percent for the first half of the year.

In the Automotive Segment, EBIT amounted to 629 million euros in the second quarter, corresponding to a reported EBIT margin of 2.3 percent.

This reported margin includes a burden from elevated tariffs of 1.25 percentage points in the second quarter.

It also includes the depreciation from the BBA purchase price allocation, which reduced the EBIT margin by 1.2 percentage points.

After six months, Automotive EBIT amounted to around 2 billion euros, with an EBIT margin of 3.6 percent.

SLIDE 4: Automotive Retail Units, BEV Units and Auto Revenue

Let me now provide more detail on the performance of the Automotive Segment.

In the second quarter, the BMW Group delivered around 591,000 BMW, MINI and Rolls-Royce vehicles to customers, 4.9 percent less than in the same quarter last year.

Looking at the development by brand, BMW delivered around 509,000 vehicles in the second quarter, down 7.7 percent year-on-year.

The MINI brand continued to perform well. Deliveries were up 17.1 percent compared to the prior-year quarter, supported by strong demand for our all-electric MINI models.

This brings me to our BEV retail sales.

Between April and June, the BMW Group delivered around 117,000 all-electric vehicles to customers worldwide.

Including plug-in hybrids, sales of electrified vehicles amounted to around 163,000 units.

This corresponds to a BEV share of 19.8 percent and an electrified vehicle share of 27.6 percent of total Group deliveries in the second quarter.

Europe remains the main growth driver for our all-electric vehicle sales.

Supported by the start of customer deliveries of the all-new BMW iX3*, BEV sales in Europe increased by 38 percent year-on-year to more than 81,000 units.

Almost one in three vehicles sold in Europe was all-electric.

This BEV performance in Europe supports our expectation that we will once again meet our CO2 emissions targets in the EU in 2026.

Automotive Segment revenues declined by 7.7 percent to 27.2 billion euros in the second quarter.

The decrease was primarily driven by lower sales volumes and also reflects the highly competitive market environment.

SLIDE 5: BMW Group: Growth in Europe and the US partially offset weaker sales in China and APAC

Let’s now take a closer look at our sales performance across the major regions.

In Europe, our largest sales region, retail sales increased by 7.6 percent year-on-year.

In the Americas, retail sales increased by 9.4 percent year-on-year, driven primarily by the US, where deliveries grew significantly by 11.9 percent.

In the US, the BMW brand once again outperformed the overall market in the second quarter.

Higher deliveries of vehicles with internal combustion engines more than offset lower BEV sales.

In China, the downturn in the automotive market accelerated further during the second quarter, predominantly in the non-electrified vehicle segment.

In this highly competitive environment, BMW Group retail sales declined by 30.2 percent between April and June.

For the first six months, retail sales in China were down 20.4 percent, in line with the overall market decline of 20.2 percent.

Against this backdrop, our focus remains on achieving the right balance between sales volumes, transaction prices, and profitability – both for the BMW Group and our dealer partners.

In our sales region Asia-Pacific, Eastern Europe, Middle East, and Africa, deliveries declined by around 9,000 vehicles or 10.9 percent year-on-year.

Several markets in the region were affected by spillover effects from China as well as weaker consumer sentiment resulting from the ongoing conflict in the Middle East.

Let’s now take a closer look at the year-on-year development of Automotive EBIT on the following slide.

SLIDE 6: Automotive Segment EBIT in Q2 2026

Changes in currencies had a negative impact of around 400 million euros on EBIT, while raw material positions were broadly neutral compared to the prior-year quarter.

The adverse FX developments seen in the first quarter continued into Q2.

We expect FX headwinds also in the second half of the year, although at a lower level than in the first six months.

The net effect of volume, model mix and pricing resulted in a negative impact of around 1.8 billion euros compared to Q2 2025.

A large share of this impact was related to China, which was also the main driver behind our guidance update in June.

Besides lower sales volumes, the decline in this position mainly reflects the highly competitive market environment across a number of regions, as well as weaker consumer sentiment in selected markets.

Since we fully consolidate BBA, the current headwinds from our business in China are fully reflected in Automotive EBIT.

Research and development expenses recognized in the P&L increased by around 100 million euros year-on-year.

This was mainly due to an increase in depreciation of around 150 million euros related to capitalized development costs from previous years.

As in the first quarter, Group R&D expenditure remained below the prior-year level in Q2.

Total R&D expenditure amounted to less than 2 billion euros, a decrease of 3.8 percent year-on-year.

This is in line with the trend of R&D and capital expenditure reduction that will continue for the remainder of the year.

The R&D ratio according to the German Commercial Code came in at 6.3 percent for the second quarter and 6.0 percent for the first half of the year.

Reducing our operating cost base remains an important priority. Accordingly, selling and administrative expenses decreased by around 200 million euros year-on-year in Q2.

Other Cost Changes provided a positive effect of around 1.2 billion euros compared to the second quarter of 2025.

This reflects a number of factors, including lower warranty and manufacturing costs as well as tariff-related effects.

Overall, we reduced expenditure by 400 million euros in the second quarter and 900 million euros year-to-date through June.

Automotive EBIT for the second quarter amounted to around 600 million euros.

After six months, it totalled 2 billion euros.

SLIDE 7: Automotive Segment Free Cash Flow in Q2 2026

Free cashflow in the Automotive Segment amounted to around 500 million euros in the second quarter of 2026.

The net change in working capital reduced free cashflow by around 1.3 billion euros.

This was due to an inventory build-up during the quarter, as production exceeded sales volumes.

We have already made the necessary adjustments to our production planning, with the objective of bringing inventories back towards the prior-year level by year-end.

The net effect of capital expenditure and depreciation contributed around 600 million euros to free cashflow.

As in the first quarter, depreciation exceeded declining capital expenditure in Q2, providing a positive contribution to free cashflow.

Throughout the year 2026, depreciation will remain above capital expenditure.

The capex ratio was 4.1 percent for the second quarter and 3.1 percent for the first six months.

In the first half of the year, we have reduced capex by more than 30 percent.

The change in provisions reduced free cashflow by 500 million euros in Q2. This includes the consumption of warranty provisions.

Other items increased free cashflow by 1.1 billion euros. This position covers multiple topics, including accrued expenses and interest received.

In the first six months, free cashflow amounted to 1.3 billion euros.

For the full year, the BMW Group is targeting an Automotive free cashflow above 2.5 billion euros.

Ladies and Gentlemen,

The BMW Group remains committed to its shareholder return strategy, which includes both dividend payments and share buybacks.

We completed the second tranche of our third share buyback program on June 26th, two months ahead of the original schedule.

The third and final tranche started on July 1st and is expected to be completed no later than November 30th, five months earlier than originally scheduled.

Once completed, the third share buyback program will have reached its full volume of 2 billion euros.

For 2026, this represents a capital return of 1.25 billion euros to our shareholders under the current share buyback program.

The acceleration of the third tranche underlines our focused approach to capital allocation.

At the BMW Group, we take a long-term perspective to create sustained value for all our stakeholders.

For us, financial performance and responsible business management go hand in hand.

Alongside our environmental commitments, this also means maintaining high social and ethical standards across our operations and supply chains worldwide.

In an evolving competitive landscape, we believe that customers worldwide will increasingly value these standards as an important differentiating factor.

SLIDE 8: Financial Services Segment YTD June 2026

Let’s now turn to our Financial Services Segment.

In the first half of the year, the number of new contracts concluded with retail customers increased by 5 percent to 866,000 contracts.

The penetration rate for lease and loan products increased to 52.9 percent in the first six months.

This development was supported by changes in the competitive environment in China. Since mid-2025, local banks have significantly reduced commissions related to the brokering of financing and insurance products for end customers.

Adjusted for FX effects, total new business volume grew by 6.1 percent to about 33 billion euros.

Segment earnings for the first half of the year amounted to around 1 billion euros, down 15.4 percent year-on-year.

This decline was mainly driven by an addition to an existing provision for a consumer compensation program in the UK in the first quarter.

In the second quarter, Financial Services earnings increased by 15.7 percent year-on-year, supported by a larger portfolio volume.

In the first half of the year, the credit loss ratio across the entire credit portfolio remained low at 0.27 percent.

SLIDE 9: Motorcycles Segment in Q2 2026

In the Motorcycles Segment, deliveries declined slightly by 1.9 percent year-on-year.

Segment EBIT increased to 141 million euros, resulting in an EBIT margin of 15.2 percent.

SLIDE 10: Outlook 2026

Ladies and Gentlemen,

Based on the results for the first half of the year, we confirm our updated full-year guidance communicated in June.

Group earnings before tax are expected to decrease significantly.

In the Automotive Segment, we expect deliveries to decrease slightly and the EBIT margin to come in within a range of 1 to 3 percent.

This includes a burden of up to 1.25 percentage points for the workforce restructuring program agreed with the Works Council.

The EBIT margin in the Motorcycles Segment is expected to be between 4 and 6 percent.

In the Financial Services Segment, we expect a Return on Equity in the range of 13 to 16 percent.

SLIDE 11: More speed, more efficiency: BMW Group realigns for tougher competition.

Ladies and Gentlemen,

Our second-quarter results reflect the challenging market environment we outlined in our guidance update in June.

We continue to address the short-term challenges with targeted operational measures and disciplined management of costs, R&D spending and capital expenditure.

At the same time, we are intensifying our structural efforts to make the BMW Group faster, leaner and more efficient in the years ahead.

With our strong product pipeline coming to market, and with the expertise and commitment of our employees, the BMW Group has a solid foundation for the years ahead.

This is especially important as our competitive landscape is changing at a rapid pace.

In this environment, our focus is clear: to manage the current headwinds with discipline, to strengthen the resilience of our business, and to lay the foundation for sustained, long-term value for all our stakeholders.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18.1-15.1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A; electric range: 679-805 km (WLTP)

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW Group Half-Year Report to 30 June 2026

Thu, 30 Jul 2026 07:34:37 +0200

Attached please find the Half-Year Report to 30 June 2026 for download.

The speeches and telephone conferences for journalists and analysts & investors will be broadcast live on our website https://www.bmwgroup.com/en/investor-relations/company-reports.html:

08.30 am (CEST): Speeches Milan Nedeljković and Walter Mertl
09.05 am (CEST): Journalists Q&A
10.15 am (CEST): Analysts & Investors Q&A

The online version of the BMW Group Report 2025 can be explored here: https://www.bmwgroup.com/en/report/2025/index.html

Press Contact: Manuela Heumann
Tel: +49-89-382-24660
E-mail: manuela.heumann@bmw.de

More speed, more efficiency: BMW Group realigns for tougher competition

Thu, 30 Jul 2026 07:32:00 +0200

Munich. The BMW Group is maintaining a clear course in an increasingly competitive environment: Faced with a significant downturn in the Chinese market and an increasingly challenging operating environment worldwide, the company is accelerating and intensifying consequently measures to tackle enduring changes in the operating environment. As an initial and decisive step, the BMW Group has reached an agreement with the Works Council on an extensive workforce restructuring program including voluntary severance packages.

“The automotive industry is faced with rapidly escalating challenges – intense global competition, increasing regional regulatory requirements and the implications of geopolitical conflicts will shape our business model in the years ahead. That’s why it’s important to be lean and agile,” said Milan Nedeljković, Chairman of the Board of Management of BMW AG. “We are working to reshape our organisation and processes, thereby positioning the company to stay competitive going forward.”

In the second quarter, the sharply negative market development in China, intensified competition, particularly in the Asia-Pacific region, and the consequences of the continuing conflict in the Middle East clearly impacted the BMW Group’s business performance. Group pre-tax earnings (EBT) came in at €1,697 million (-35.1%) with an EBT margin of 5.4%; in H1, it was 6.5% (H1: €4,045 million; -29.4%). The EBIT margin in the Automotive Segment was 2.3%. Free cash flow in the segment totalled €513 million (-73.4%).

Global deliveries down slightly year-on-year; growth in Europe and the US

The BMW Group delivered a total of 1,156,727 BMW, MINI and Rolls-Royce vehicles to customers worldwide in the first six months of the year (2025: 1,207,594 vehicles/-4.2%; in Q2: 590,947 vehicles/-4.9%).

The company reported growth in the first half of the year in the Sales Region Europe and in the USA (Europe: +5.4%; USA: +3.9%). Growth in both regions increased further in the second quarter (Europe: +7.6%; USA: +11.9%).

In the Sales Region China, the negative trend accelerated during the reporting period. The BMW Group also recorded a significant decrease in deliveries (H1: 261,773 units/-20.4%; Q2: 117,815 units/-30.2%).

MINI brand deliveries increased significantly during the reporting period, with growth of +17.1% and 81,032 vehicles delivered in the second quarter (2025: 69,223 vehicles/+17.1%; H1: 149,535 units; 2025: 133,838 units/+11.7%). Its fully-electric models contributed to this sales growth: Accounting for 36.9% of the brand’s total deliveries, more than one in every three MINIs sold in the first six months was fully electric (2025: 34.3%).

The BMW Group delivered a total of 116,807 fully-electric vehicles between April and June (2025: 111,070 vehicles/+5.2%, H1: 204,295 vehicles/-7.4%). As a result, nearly one in five vehicles delivered was fully electric (19.8%). In the Sales Region Europe, the positive sales performance continued following the launch of the BMW iX3* in early March: In the second quarter of 2026, total BEV sales in this region reached 81,500 vehicles, an increase of 37.9% compared to the previous year. Nearly one in three new vehicles delivered was fully electric (31.3%/2025: 24.4%).

Demand for the Neue Klasse continues to grow with every new model introduced: The BMW iX3, the first model of the Neue Klasse, is fully on track to reach the milestone of 100,000 orders since its sales launch.

The second Neue Klasse model, the BMW i3, has equally recorded strong demand immediately following the start of the early ordering phase for the Launch Edition in June. Since their world premieres, the BMW 7 Series and the all-new BMW X5 have received extremely positive feedback. The new X5 will make the technologies of the Neue Klasse available in five drive train variants to deliver on different customer requirements worldwide.

“With the Neue Klasse and its technologies, we are bringing a strong product portfolio to market – innovative and at the forefront of technology. Customer feedback has been excellent, and demand remains consistently strong,” said CEO Nedeljković.

Lower Group revenues year-on-year – cost reduction achieved

For the first six months of 2026, the BMW Group reported revenues of €62,266 million (2025: €67,685 million/-8.0%,adjusted for currency translation effects -6.1%; Q2: €31,259 million (2025: €33,927 million/-7.9%, adjusted for currency translation effects -7.8%). Increased competitive pressure and lower sales volumes impacted the year-on-year comparison.

Research and development expenditure was further reduced, as planned, declining moderately year-on-year to €3,714 million in the first six months (H1 2025: €4,020 million/-7.6%; Q2: €1,959 million; 2025: €2,036 million/-3.8%).

As planned, capital expenditure was also significantly lower, amounting to €1,900 million for the first half of the year and €1,277 million in the second quarter (H1 2025: €2,736 million/-30.5%; Q2 2025: €1,534 million/-16.7%). The capex ratio for the first half-year came in at 3.1% (2025: 4.0%; Q2: 4.1%; Q2 2025: 4.5%).

As planned, the BMW Group also achieved a further moderate reduction in sales and administrative expenses, with costs declining to €4,777 million for the year to the end of June (2025: €5,089 million/-6.1%; Q2: €2,509 million; 2025: €2,700 million/-7.1%).

“Competition in the global automotive market has sharpened noticeably. Following cost savings of €2.5 billion last year, we are intensifying and accelerating our efficiency measures while implementing targeted structural measures. Our goal is to reduce complexity and establish a sustainably lower cost base,” said Walter Mertl, Member of the Board of Management responsible for Finance. “The targeted use of digitalisation and artificial intelligence is already generating positive momentum across all areas of the company. For example, within our Development division, we use industrial data combined with artificial intelligence to achieve shorter cycles in virtual vehicle validation, therefore unlocking greater data-driven value creation.”

Group half-year EBT margin at 6.5%

Group earnings before tax for the reporting period were significantly lower than the previous year, totalling €4,045 million (2025: €5,727 million/-29.4%; Q2: €1,697 million; 2025: € 2,614 million/-35.1%). The EBT margin for the first half of 2026 stood at 6.5% (2025: 8.5%/-2.0 percentage points/Q2: 5.4%; 2025: 7.7%/-2.3 percentage points).

In the Automotive Segment, lower sales volumes and intense competition weighed on revenue performance. During the first six months, Automotive Segment revenues declined moderately year-on-year to €54,321 million (2025: €58,654 million/-7.4%, adjusted for currency translation effects -5.4%; Q2: €27,162 million/2025: €29,443 million/-7.7%, adjusted for currency translation effects -7.8%).

Earnings before financial result (EBIT) for the first half of the year amounted to € 1,974 million (2025: €3,626 million/-45.6%; Q2: € 629 million; 2025: €1,602 million/-60.7%). Compared with the same period of the previous year, earnings were impacted by the negative market development in China, increased depreciation and amortisation, as well as currency and commodity headwinds, which could only be partially offset by cost reductions.

The EBIT margin for the second quarter came in at 2.3% (Q2 2025: 5.4%; H1: 3.6%; 2025: 6.2%). This includes headwinds of around 1.25 percentage points from expenses related to import duties (USA, EU), as well as around 1.2 percentage points from depreciation and amortisation of BBA assets resulting from the purchase price allocation.

Free cash flow of €1,290 million in first half-year

The Automotive Segment’s free cash flow for the first six months totalled €1,290 million (2025: €2,345 million/-45.0%; Q2: €513 million; 2025: €1,932 million/-73.4%). A free cash flow of >€2.5 billion is projected for the full year.

Financial Services Segment sees growth in new contracts

In the Financial Services Segment, the number of new financing and leasing contracts increased by 5.0% to 866,088 contracts (2025: 824,672 contracts; Q2: 445,876 contracts; 2025: 421,861 contracts/+5.7%).

The penetration rate rose to 52.9% (2025: 43.7%; Q2: 54.2% (2025: 44.4%).

For the year to the end of June, the segment reported profit before tax (PBT) of € 1,008 million (2025: €1,192 million/-15.4%). The year-on-year decline was attributable to an increase in the provision for a UK customer compensation programme in the first quarter. In the second quarter, substantially due to the higher portfolio volume and the resulting increase in interest income, Financial Services reported a significantly higher profit before tax of €627 million (2025: €542 million/+15.7%).

Guidance for 2026 confirmed

Against the backdrop of the challenges outlined above, the BMW Group confirms its guidance for the financial year 2026:

Slight decline in Automotive Segment deliveries compared to the previous year
Automotive Segment EBIT margin: within the range of 1–3%
Group earnings before tax: significant decrease
Automotive Segment RoCE: within the range of 1–5%
Return on equity (RoE) in the Financial Services segment: 13-16%
Motorcycles segment: deliveries expected in line with previous year; EBIT margin expected within a corridor of 4.0–6.0% and RoCE within a corridor of 10–14%

The BMW Group’s actual business performance may deviate from the expectations outlined above – for example, due to changes in political and macroeconomic conditions.

The BMW Group – an overview: IN Q2 2026		IN Q2 2026	IN Q2 2025	Change in %
Deliveries to customers
Automotive¹	units	590,947	621,477	-4.9
thereof: BMW	units	508,663	550,839	-7.7
MINI	units	81,032	69,223	17.1
Rolls-Royce	units	1,252	1,415	-11.5
Motorcycles	units	60,112	61,300	-1.9

Employees (as of 31 Dec. 2025)		154,450
EBIT margin Automotive Segment	percent	2.3	5.4	-3.1 %-points
EBIT margin Motorcycles Segment	percent	15.2	14.2	+1.0 %-points
EBT margin BMW Group²	percent	5.4	7.7	-2.3 %-points
Free cash flow Automotive Segment	€ million	513	1,932	-73.4

Revenues	€ million	31,259	33,927	-7.9
thereof: Automotive	€ million	27,162	29,443	-7.7
Motorcycles	€ million	929	961	-3.3
Financial Services	€ million	10,151	9,978	1.7
Other Entities	€ million	3	3	-
Eliminations	€ million	-6,986	-6,458	8.2

Profit before financial result (EBIT)	€ million	1,631	2,661	-38.7
thereof: Automotive	€ million	629	1,602	-60.7
Motorcycles	€ million	141	136	3.7
Financial Services	€ million	647	591	9.5
Other Entities	€ million	-6	-3	-
Eliminations	€ million	220	335	-34.3

Profit before tax (EBT)	€ million	1,697	2,614	-35.1
thereof: Automotive	€ million	559	1,613	-65.3
Motorcycles	€ million	140	136	2.9
Financial Services	€ million	627	542	15.7
Other Entities	€ million	283	177	59.9
Eliminations	€ million	88	146	-39.7

Group income taxes	€ million	-497	-772	-35.6
Net profit	€ million	1,200	1,842	-34.9
Earnings per share of common stock	€	2.05	2.85	-28.1
¹ Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang.
²Ratio of Group earnings before taxes to Group revenues.

The BMW Group – an overview: In H1 2026		H1 2026	H1 2025	Change in %
Deliveries to customers
Automotive¹	units	1,156,727	1,207,594	-4.2
thereof: BMW	units	1,004,669	1,070,960	-6.2
MINI	units	149,535	133,838	11.7
Rolls-Royce	units	2,523	2,796	-9.8
Motorcycles	units	102,847	105,909	-2.9

Employees (as of 31 Dec. 2025)		154,540
EBIT margin Automotive Segment	percent	3.6	6.2	-2.6 %-points
EBIT margin Motorcycles Segment	percent	13.5	12.0	+1.5 %-points
EBT margin BMW Group²	percent	6.5	8.5	-2.0 %-points
Free cash flow Automotive Segment	€ million	1,290	2,345	-45.0

Revenues	€ million	62,266	67,685	-8.0
thereof: Automotive	€ million	54,321	58,654	-7.4
Motorcycles	€ million	1,708	1,767	-3.3
Financial Services	€ million	19,988	20,104	-0.6
Other Entities	€ million	6	6	-
Eliminations	€ million	-13,757	-12,846	7.1

Profit before financial result (EBIT)	€ million	3,635	5,803	-37.4
thereof: Automotive	€ million	1,974	3,626	-45.6
Motorcycles	€ million	230	212	8.5
Financial Services	€ million	1,000	1,243	-19.5
Other Entities	€ million	-4	-9	-55.6
Eliminations	€ million	435	731	-40.5

Profit before tax (EBT)	€ million	4,045	5,727	-29.4
thereof: Automotive	€ million	1,825	3,517	-48.1
Motorcycles	€ million	228	211	8.1
Financial Services	€ million	1,008	1,192	-15.4
Other Entities	€ million	826	472	75.0
Eliminations	€ million	158	335	-52.8

Group income taxes	€ million	-1,173	-1,712	-31.5
Net profit	€ million	2,872	4,015	-28.5
Earnings per share of common stock	€	4.73	6.23	-24.1
¹Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang
²Ratio of Group earnings before taxes to Group revenues.

** As of 1 January 2025, the forecast range for Group EBT has been adjusted. For details, please refer to the glossary in the BMW Group Report 2024.

GLOSSARY – explanatory comments on key performance indicators

Deliveries to customers

A new or used vehicle is recorded as a delivery once it is handed over to the end user (which also includes leaseholders under lease contracts with BMW Financial Services). In the US and Canada, end users also include (1) dealers when they designate a vehicle as a service loaner or demonstrator vehicle and (2) dealers and other third parties when they purchase a company vehicle at auction and dealers when they purchase company vehicles directly from the BMW Group. Deliveries may be made by BMW AG, one of its international subsidiaries, a BMW Group retail outlet, or independent third-party dealers. The vast majority of deliveries – and hence the reporting of deliveries to the BMW Group – is made by independent third-party dealers. Retail vehicle deliveries during a given reporting period do not correlate directly to the revenues that the BMW Group recognises in respect of that particular reporting period.

Payout ratio

The payout ratio is preliminary. Although the Board of Management and the Supervisory Board will propose a fixed dividend per share at the Annual General Meeting, the number of shares entitled to a dividend is expected to fall by the Annual General Meeting due to the ongoing share buy-back programme. Accordingly, the total amount to be distributed to shareholders is also still expected to change by 13 May.

EBIT

Profit before financial result. Profit before financial result comprises revenues less cost of sales, less selling and administrative expenses and plus/minus net other operating income and expenses.

EBIT margin

Profit/loss before financial result as a percentage of revenues.

EBT

EBIT plus financial result.

PHEV

Plug-in-hybrid electric vehicle - hybrid vehicle with petrol engine and electric drive.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Email: britta.ullrich@bmwgroup.com

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18.1-15.1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class(es): A; electric range: 679-805 km (WLTP)

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Growth in the US and Europe, positive sales momen-tum driven by Neue Klasse models

Fri, 10 Jul 2026 11:05:09 +0200

Munich. The first half of the year presented a mixed picture: While the market in China and the countries of the Asia-Pacific region saw a significant decline in the first six months of the year, the BMW Group increased its sales in Europe and the US. In Europe, sales rose by around +5.4%. In the US, the company recorded growth of +3.9%, where the BMW brand is outperforming the overall market. In the first half of 2026, the BMW Group delivered a total of around 1.15 million vehicles to customers worldwide, representing a slight decline in sales (-4.2%).

“Despite challenges worldwide, we achieved positive sales results in the US and Europe,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “The Neue Klasse continues to show strong momentum. With the BMW iX3*, we are on track to reach the next major milestone of 100,000 new orders. The second Neue Klasse model, the BMW i3, is already seeing strong demand since orders opened ahead of its launch.”

With the start of delivieries of the new BMW iX3, sales of fully-electric vehicles showed a positive trend in the second quarter.The BMW Group delivered 116,807 BMW and MINI fully-electric vehicles to customers between April and June 2026 (+5.2%). Particularly in the European market, where the BMW iX3 was available first, BEV sales rose sharply. With 81,445 units delivered in the second quarter, the company recorded double-digit growth of +38.0% across Europe. In Germany, BMW rose to second place in Q2 for registrations of fully electric vehicles.

The BMW brand delivered around one million vehicles to customers in the first half of the year (-6.2%). The BMW brand recorded growth in both Europe (+1.5%) and the US (+4.7%). In the USA, growth was primarily driven by the BMW X models. The new BMW X5 was also unveiled there in late June, with its market launch expected to generate positive sales momentum worldwide. During the same period, BMW M GmbH delivered 99,595 vehicles to customers (-6.0%).

With a total of 149,538 vehicles sold, the MINI brand posted a significant year-on-year increase of +11.7%, marking its sixth consecutive quarter of growth. MINI’s fully-electric models experienced strong global demand and were the brand's primary growth driver. The Rolls-Royce brand handed over 2,523 vehicles to customers in the first half of 2026 (-9.8%). In the first six months of the year, BMW Motorrad delivered a total of 102,847 motorcycles and scooters (-2.9%).

BMW Group sales in Q2/YTD June 2026 at a glance

	2nd Quarter 2026	Compared with previous year %	YTD June 2026	Compared with previous year %
BMW Group Automotive	590,962	-4.9%	1,156,742	-4.2%
BMW	508,675	-7.7%	1,004,681	-6.2%
- BMW M GmbH	52,062	-6.1%	99,595	-6.0%
MINI	81,035	+17.1%	149,538	+11.7%
BMW Group electrified¹	162,870	+0.8%	295,407	-7.4%
BMW Group BEV	116,807	+5.2%	204,295	-7.4%
Rolls-Royce	1,252	-11.5%	2,523	-9.8%
BMW Motorrad	60,112	-2.0%	102,847	-2.9%

¹ BEVs and PHEVs

BMW & MINI sales in the regions/markets

	2nd Quarter 2026	Compared with previous year %	YTD June 2026	Compared with previous year %
Europe sales region	260,173	+7.6%	496,651	+5.4%
Germany²	80,748	+9.4%	149,135	+10.2%
China sales region	117,815	-30.2%	261,773	-20.4%
Americas sales region	134,481	+9.5%	244,199	+3.0%
USA	110,169	+11.9%	200,661	+3.9%
Fourth Pillar sales region ³	77,317	-10.8%	151,751	-9.6%

² Provisional registration figures

³ Asia-Pacific, Eastern Europe, Middle East, Africa

BMW Group Corporate Communications

Carolin Bachmann, Communications Sales

Telephone: +49 151 601 38801

Max-Morten Borgmann, Head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 18,1–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electric range: 673–805 km (WLTP)

Press Contact: Carolin Bachmann
Tel: +49-151-601-38801
E-mail: carolin.bachmann@bmw.de

One Share, One Vote: BMW AG Converts Preferred Shares into Ordinary Shares

Tue, 30 Jun 2026 13:12:10 +0200

Munich. As of today, all non-voting preferred shares of BMW AG will be converted into voting ordinary shares at a ratio of 1:1. The amendment to the Articles of Association, approved by a large majority at the Annual General Meeting on May 13, 2026, to convert nearly 55 million preferred shares into voting ordinary shares, has become effective upon its entry in the commercial register today.

The custodial and stock exchange conversion of the former preferred shares will take place automatically, without any action required by shareholders, between July 1 and July 3, 2026. Trading and listing of preferred shares (ISIN DE0005190037 / WKN 519003) will cease at the end of June 30, 2026. Holders of the former 54,675,505 preferred shares will thus automatically become holders of ordinary shares (ISIN DE000519003 / WKN 519000), which are entitled to dividends as of January 1, 2026.

The share capital of BMW AG, amounting to approximately €616 million, will then consist exclusively of ordinary shares, compared to the previous structure of 91% ordinary shares and 9% preferred shares. The unification into a single class of voting shares reflects the internationally recognized corporate governance principle of “one share, one vote”. In addition, the conversion increases the free float of BMW AG ordinary shares by approximately 19%.

This month marks the 100th anniversary of BMW on the stock exchange: in June 1926, Bayerische Motorenwerke Aktiengesellschaft was first listed on the Munich and Berlin stock exchanges. The shares had a nominal value of 1,000 Reichsmarks.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Two Michelin stars for THE CLOUD by Käfer at BMW Welt.

Wed, 24 Jun 2026 10:36:00 +0200

Munich. The fine-dining restaurant THE CLOUD by Käfer at BMW Welt has been awarded with two Michelin stars by the “Michelin Guide”. Just one year after opening, this prestigious accolade celebrates the culinary signature of chef de cuisine Jens Madsen, restaurant manager Mona Röthig, sommelier Luigi Pecchia and the entire team. With its concept of “CULINARY NOMADISM”, THE CLOUD by Käfer brings together international influences, meticulous craftsmanship and an exclusive dining experience under the roof of BMW Welt.

“The Michelin Guide” defines a two-star restaurant as “Table excellente, mérite un détour”; in English: “excellent cooking, worth a detour”. This definition now also officially applies to THE CLOUD by Käfer at BMW Welt. Also winning the “Opening Of The Year” award, the fine-dining restaurant demonstrates that its concept has struck exactly the right note: “CULINARY NOMADISM” – a culinary journey.

“The two Michelin stars are a great honour for our entire team. We are delighted by this recognition, yet we remain focused on what matters most to us every day: working creatively and with concentration, treating high-quality products with respect, and creating a special experience for our guests,” commented Jens Madsen, chef de cuisine of THE CLOUD by Käfer, following the announcement.

“We warmly congratulate Jens Madsen, Luigi Pecchia, Mona Röthig and the entire team at THE CLOUD by Käfer on this very special honour. The two Michelin stars recognise the team's outstanding culinary achievement and confirms the high standards that have shaped an exceptional fine-dining experience at BMW Welt in collaboration with Käfer and Designworks. We are really looking forward to Season II, as THE CLOUD by Käfer continues its culinary journey,” added Sandra Wittemer, head of BMW Welt.

From 8 July 2026, THE CLOUD by Käfer at BMW Welt will embark on its second culinary journey, entitled “SEASON II – WHISPERS OF THE RAINFOREST”. The new menu draws inspiration from a journey supported by the BMW Group, during which chef de cuisine Jens Madsen travelled deep into the Amazon region. There, he immersed himself in ancestral techniques, indigenous produce and a deeply respectful approach to resources. At THE CLOUD by Käfer, he translates these impressions into a distinctive culinary signature – characterised by local ingredients, masterful execution and a profound respect for origins and context.

The fine-dining experience at THE CLOUD by Käfer is complemented by exclusive services offered by BMW Welt – the so-called “BMW Welt Signatures”. These include a private shuttle service in a BMW 7 Series across the Munich area, valet parking and the opportunity to book an exclusive guided tour of BMW Welt.

The team at THE CLOUD by Käfer has already received several distinctions this year. Jens Madsen was recognised for his vision by German-language restaurant guide “Der Große Guide” as Best Newcomer. Culinary magazine “DER FEINSCHMECKER” also named sommelier Luigi Pecchia among Germany’s most promising young talents in its "Top 30 Under 30” special. THE CLOUD by Käfer at BMW Welt also featured in the “Condé Nast Traveller Hot List 2026” as part of a highly international and creative selection of restaurants.

If you have any questions, please contact:

BMW Group Corporate Communications

Lisa Meindl
Spokesperson BMW Museum and BMW Welt
Telephone: +49-89-382-31668
Email: lisa.meindl@bmw.de

Simone Bauer-Linster, Communications BMW Welt

Telephone: +49 151 601 414 52

Email: Simone.Bauer-Linster@bmw.de

Internet: https://newsroom.bmwgroup.com/global/en

E-Mail: presse@bmwgroup.com

About Käfer

In October 2012, the world of Käfer arrived at BMW Welt, where it operates the CooperS bistro, the Biker’s Lodge café, the Bavarie restaurant, and the fine-dining restaurant THE CLOUD by Käfer. Käfer developed a bespoke culinary concept for this new partnership, designed to cater to the diverse visitor groups frequenting Bavaria’s most popular attraction. From BMW Welt staff and customers collecting their new cars to Munich families, international tourists, and discerning gourmets, the various dining venues offer a wide range of options to suit every taste. Particular emphasis was placed on ensuring that regional and international elements—befitting the Munich-based brands BMW and Käfer—go hand in hand to create a unified concept rooted in sustainability.

About BMW Welt

With its iconic, award-winning architecture, BMW Welt is one of Bavaria’s most visited attractions and symbolizes the BMW Group’s innovative strength. Since its opening in 2007, it has welcomed over 2 million visitors annually. Together with the BMW Museum and BMW Group Classic, it forms an important part of the brand experience in Munich.

BMW Welt unites all BMW Group brands – BMW, BMW M, MINI, Rolls-Royce Motor Cars, and BMW Motorrad – under one roof. Visitors will find exhibitions and brand presentations and can pick up new vehicles in a unique setting. Since its opening, more than 280,000 vehicles have been delivered.

The event program includes a year-round program of cultural, artistic, sporting, and entertainment events. BMW Welt’s spaces are also available for external events. The offerings are complemented by guided tours, product consultations, and the educational program at THE CAMPUS for children and families. Several restaurants, including the fine-dining restaurant THE CLOUD by Käfer, provide culinary options.

Facebook: facebook.com/bmw.welt
Instagram: instagram.com/bmwwelt/
Newsletter: www.bmw-welt.com/de/footer/metanavigation/newsletter.html
Website: www.bmw-welt.com

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Lisa Meindl
Tel: +49-89-382-31668
E-mail: lisa.meindl@bmw.de

BMW Group adjusts Guidance for 2026

Tue, 16 Jun 2026 17:48:00 +0200

Negative development in China and impact of Conflict in Middle East
Structural and Efficiency Measures are being intensified
Strong Product Momentum in the coming years

Munich. The Board of Management of BMW AG today adjusted the full-year guidance for the 2026 financial year. The key drivers for this being the evolving environment weighing on operating business results and a one-time effect resulting from intensified and accelerated structural and efficiency measures.

The negative development in the Chinese automotive market accelerated further in the second quarter—particularly for non-electric vehicles. In light of this, the China Passenger Car Association has repeatedly revised its market forecast downward for the full year, once again on Monday this week. This situation has resulted in intensified competition in China and across the Asia-Pacific region. The BMW Group cannot operate in isolation of this market development. Positive sales volume development in Europe and the U.S. cannot offset the decline in sales in China and the Asia-Pacific region.

In addition, the impact of the conflict in the Middle East on our global business extends beyond our original assumptions. On the one hand, energy prices remain elevated and weigh on the cost structures in the company. On the other hand, the lack of stability due to the conflict is negatively impacting consumer sentiment across markets around the world.

The effects outlined above will contribute to a significant decline in profit and free cashflow in the second quarter versus previous year.

In addition to the pressures on its operating business, the BMW Group will intensify and accelerate its ongoing cost reduction initiatives through further structural and efficiency measures, the effects of which will be visible in the coming years. These measures will carry a one-time negative impact on earnings in the second half of 2026.

“We have strong product momentum: With the NEUE KLASSE, we will put the strongest BMW portfolio in history on the roads over the next two years,” said Milan Nedeljković, Chairman of the Board of Management of BMW AG. “At the same time, we will adapt our current structures and processes to the drastic downturn in market conditions. It is our entrepreneurial responsibility, therefore, to significantly intensify and accelerate our ongoing measures. It’s all about speed and efficiency.”

In light of the developments described above, the BMW Group is adjusting its outlook for the 2026 financial year as follows:

Deliveries Automotive Segment: slight decrease versus previous year
(before: at previous year’s level)
EBIT Margin Automotive Segment: in the corridor 1-3%
(before: in the corridor 4-6%)
ROCE Automotive Segment: in the corridor 1-5%
(before: in the corridor 6-10%)
Group Profit before Tax: significant decrease versus previous year
(before: moderate decrease)
CO₂e-emissions Scope 3: at previous year’s level
(before: slight increase)

The BMW Group expects the Automotive Free Cashflow to be above €2.5 billion. The dividend payout ratio of 30-40% of net income attributable to BMW AG shareholders and the ongoing share buyback program both remain unchanged.

The ramp up of the NEUE KLASSE begins in 2026

The company continues to implement its product strategy at a rapid pace, rolling out the technologies of the NEUE KLASSE across its entire portfolio: more than 40 new and updated models will be introduced by 2027. The all-electric BMW iX3 has enjoyed exceptionally strong demand since its world premiere at the IAA in September 2025. Around one in three of the all-electric BMW vehicles ordered in Europe has been a BMW iX3. Given the high demand, the plant in Debrecen (Hungary) is already operating on a two-shift schedule ahead of plans. The all-electric BMW i3 – the second NEUE KLASSE model - celebrated its design premiere in Munich in March. This model is also receiving excellent feedback.

In April, the new long-wheelbase BMW iX3, the new long-wheelbase BMW i3, and the new BMW 7 Series featuring NEUE KLASSE technologies celebrated their world premieres in Beijing. With this, the BMW Group passed another important milestone in the largest future-oriented project in its history: The new BMW 7 Series demonstrates how the company is scaling its new NEUE KLASSE technology clusters and new design language in the existing product portfolio.

The half-year report will be published as scheduled on July 30, 2026. The definitions of the key figures used can be found in the glossary of the BMW Group Report 2025 on pages 429 through 431.

If you have any questions, please contact:

BMW Group Corporate Communications

Britta Ullrich, Communications BMW Group, Finance

Telephone: +49 89 382-18364

Martina Hatzel, Communications BMW Group

Telephone: +49 89 382-11966

Email: martina.hatzel@bmwgroup.com

Max-Morten Borgmann, Head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: Energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electrical range: 678–805 km (WLTP)

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Conversion of Preferred Shares into Ordinary Shares: BMW Group Simplifies Capital Structure

Wed, 13 May 2026 17:26:19 +0200

Munich. BMW AG is simplifying its capital structure: its share capital of approximately €616 million will in future consist solely of ordinary shares. At today’s Annual General Meeting of BMW AG and a subsequently held separate meeting of preferred shareholders, the conversion of preferred shares into ordinary shares was approved by a clear majority. Approval at the Annual General Meeting amounted to 99,99%, while the separate meeting of preferred shareholders approved the resolution with 99,77%. The conversion will be brought into effect by way of an amendment to the Articles of Association, with no additional payment obligation for preferred shareholders. The conversion will become effective upon registration of the amendment to the Articles of Association in the commercial register. The BMW AG will announce the exact timing by public notice.

Currently, approximately 91% of BMW AG’s share capital consists of voting ordinary shares, and around 9% of non-voting preferred shares, which carry a fixed dividend preference of €0.02 per share. The dividend preference of the preferred shares will be applied for the last time for the 2025 financial year. From the 2026 financial year onward, the balance sheet profit available for distribution will be allocated evenly across all shares. Following the approved conversion at a ratio of 1:1,each share will in future carry the same voting right at the Annual General Meeting.

“For the weighting of BMW AG in major stock indices such as the DAX or the EURO STOXX 50, it is already the ordinary shares that are decisive as the share class with the highest free‑float market capitalization. As a result of the conversion, their proportion in free float will increase significantly by around 19%,” said Chief Financial Officer Walter Mertl on Wednesday in Munich. “This step therefore strengthens the weighting of BMW AG in relevant indices. The simplified capital structure represents a clear added value for investors and may have a positive impact on the share price performance of the BMW share.”

A single share structure follows the internationally recognised corporate governance principle of “one share, one vote”. This increases the attractiveness of the BMW share, in particular for international and institutional investors.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

106th Annual General Meeting: Oliver Zipse hands over Chairmanship of the Board of Management of BMW AG to Milan Nedeljković

Wed, 13 May 2026 10:00:00 +0200

Munich. Continuity and experience at the helm of the Group: At the end of today, Oliver Zipse will hand over the position of Chairman of the Board of Management of BMW AG to Dr.-Ing. Milan Nedeljković. Zipse is concluding his tenure on the Board of Management as planned after a total of 35 years with the company.

The entire Supervisory Board of the company expresses its sincere gratitude to Oliver Zipse for his outstanding contributions to the BMW Group. During his tenure, he strategically realigned the company and successfully guided the BMW Group through global crises such as the COVID-19 pandemic.

“Through his strategic leadership and long-standing commitment, Oliver Zipse has shaped the development of the BMW Group. His name will be closely associated with the NEUE KLASSE, as BMW’s central future-oriented project,” says Supervisory Board Chairman Dr. Nicolas Peter. “Oliver Zipse has always taken a clear stance, even in the face of external resistance, thereby keeping the company strategically on course during volatile times.”

“For more than 35 years, the BMW Group has been my professional home. I am leaving with a deep sense of gratitude: for the trust that was placed in me, for the professional challenges that have taken me to various areas in the company; and above all, for an exceptional team that is shaping the mobility of the future with passion and a pioneering spirit. It has been a great honour for me to lead the BMW Group as Chairman of the Board of Management for seven years”, says Oliver Zipse, Chairman of the Board of Management of BMW AG.

His successor, Milan Nedeljković, has been a member of the Board of Management of BMW AG since 2019 and has been responsible for Production. The 57-year-old began his professional career with the company in 1993 as a trainee and has extensive international experience. Nedeljković held various management positions, including at the Oxford, Leipzig and Munich plants, as well as Head of Corporate Quality. His contract as Chairman of the Board of Management runs through 2031.

Dr. Nicolas Peter: “Milan Nedeljković impresses with entrepreneurial thinking and a consistent goal-oriented approach, as well as a clear focus and stringent execution of complex issues. He places great importance on the responsible use of resources, whether economic or ecological.”

Milan Nedeljković says: “With the NEUE KLASSE, we are bringing a generation of vehicles to the road that sets technological and emotional benchmarks. Our product momentum is outstanding. Together with our global footprint, this gives us a tailwind. In a dynamic environment, consistent and entrepreneurial action is required. Profitability and speed are crucial. I look forward to leading this extraordinary company into the future.”

Dr. Raymond Wittmann (47) will succeed him as Board Member for Production effective 14 May. He has been with the BMW Group since 2015 and has been responsible for Corporate Strategy and Development since 2024. Prior to this, he held several management positions in various corporate divisions.

“Raymond Wittmann combines strategic thinking with operational excellence and sound business management,” says Dr. Nicolas Peter. “With his broad, cross-divisional experience and international perspective, he possesses the key qualities required to lead the Production division.”

As part of today’s Annual General Meeting, the Supervisory Board will propose that Dr. Christian Bruch, Chairman of the Executive Board of Siemens Energy AG, be re-elected to the Supervisory Board for a term of four years. The term of office of Mr Heinrich Hiesinger, former Chairman of the Executive Board of ThyssenKrupp AG, will end with the close of today’s Annual General Meeting.

Following the 106th Annual General Meeting of BMW AG, a separate meeting of the preferred shareholders will be held today. It is to decide on the approval of converting all preferred shares into ordinary shares.

If you have any questions, please contact:

BMW Group Corporate Communications

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Dr. Dominic Stoiber, Communications BMW Group, Finance, Sales

Telephone: +49 151 601-51137

Email: Dominic.Stoiber@bmw.de

Lennart Wermke, Communications BMW Group Financial Services

Telephone: +49 151 601-98096

Email: Lennart.Wermke@bmwgroup.com

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Max-Morten Borgmann
Tel: +49-89-382-24118
E-mail: max-morten.borgmann@bmw.de

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, 106th Annual General Meeting of BMW AG on 13th May 2026, Livestream from the BMW Welt in Munich

Wed, 13 May 2026 10:00:00 +0200

- Check against delivery –

The 106^th BMW Annual General Meeting!

A very warm welcome to all our shareholders!

Welcome to our most important event of the year. This is our opportunity to stand before you and answer your questions. We commit to doing so objectively, based on the facts. What you can always expect from BMW is confidence! Confidence is not a mood or an attitude. It is an active decision – especially when what we know becomes fragile. In hindsight, difficult situations often appear less dramatic than they do at the time.

It is our responsibility to set the right course. We refer to this as making robust decisions: decisions that are geared towards the company’s long-term success, based on data, facts and informed analysis. We assess developments with nuance, both globally and regionally – because that is how our world works. We make decisions with the future in mind.

This is possible because our investors also take the long view – especially our anchor shareholders, Stefan Quandt and Susanne Klatten – as well as our many institutional investors. For BMW, this is a privilege; for our employees, it is a source of stability and support; and, in a competitive environment, it is an advantage. This is one of the reasons why BMW turns external crises into opportunities for progress. In the current environment, many things are uncertain. That is why antifragility is our strategic tool of choice for ensuring the long-term future of your company.

Building on a foundation of continuity, we can achieve major advances in innovation – connecting brands, products, technologies and markets.

Standing here beside me is the new 7 Series – the latest example of BMW’s innovative strength. In April, it celebrated its world premiere at the Auto China trade show. The full Board of Management was there.

The 7 Series is the first vehicle already on the market to incorporate the technologies of the NEUE KLASSE. From this day forward, all future BMW models will feature its technology clusters and new design across all drive technologies – as promised. There will be more than 40 vehicles released in total between now and 2027. The NEUE KLASSE is our launchpad for the future.

You, Ladies and Gentlemen, know us well and support us.

What currently defines the BMW way?

1. Robust strength in a dynamic environment:
Our financial year 2025.

2. The race is on:
The NEUE KLASSE is realising its potential and generating excitement.

3. Global player BMW:
Antifragile and future-proof.

These are the topics I would like to discuss.

Ladies and Gentlemen,

We met the following goals in financial year 2025:

• Our target profitability range for the Automotive Segment.

• Group earnings before tax of over 10 billion euros.

• A 10-cent increase in our dividend – to 4.40 euros per share
of common stock.

We achieved all of this despite unfavourable currency translation effects, a difficult market situation in China and tariff headwinds.

We managed our business in an extremely disciplined manner, with everyone fully on board. We have saved 2.5 billion euros across all cost categories, while reducing our R&D spending and capital expenditure. Everything is progressing as planned – because we invested early in the NEUE KLASSE. Our people really gave it their all. So, I would like to say a big thank you to our BMW team worldwide.

Others are cancelling bonuses. We are paying our employees in Germany an attractive profit-sharing bonus for 2025. Our business model is robust. Models and markets are good indicators of this.

In 2025, we delivered more than 2.46 million vehicles to customers.

That is more than the previous year. All brands are contributing to this:

• BMW leads the global premium segment.

• BMW M GmbH increased its sales for the 14th consecutive year.

• The MINI brand posted growth of around 18 percent, with the
new model family being very well received.

• At Rolls-Royce, the number of handcrafted motor cars remained at the same high level as the previous year. We are now expanding our workshop in Goodwood to give our luxury brand more space for its Bespoke models and top-of-the-range Coachbuild products.

• BMW Motorrad sold more than 200,000 two-wheeled vehicles in the segment above 500 cc, although the total market declined during the same period.

Let’s move from models to markets.

In Europe, we were – and still are – really strong. For the first time since the pre-Covid era, we once again delivered more than one million vehicles to customers. Although the US market is considered saturated, we made gains there. This is also thanks to our long-standing presence in the US. Spartanburg is our largest plant. It exports worldwide, with an export volume of more than 100 billion dollars over the past ten years. BMW remained the country’s largest automotive exporter by value in 2025. A fact that is recognized and appreciated in US political circles.

Every market is important, including the many markets outside the main regions, where we also recorded growth overall.

Let's turn our attention to China. China receives a great deal of coverage – and you, our shareholders, also have questions about it. More than 24 million vehicles were sold in China in 2025. China is also one of our industry’s most important technology hubs. However, the market there is normalizing, with fewer purchases being made.

Local manufacturers are increasingly entering the market and trying to gain market share. Competition is extremely intense.

Our objective for 2025 was to stabilize sales – and we achieved that, delivering 625,000 vehicles to customers in China. In the first quarter of 2026, the total market continued to decline. This is also affecting domestic suppliers and, specifically, the smaller vehicle segments. In this situation, BMW outperformed the market overall.

Our measures are taking effect. Three core areas are particularly important in China: local relevance, speed and software.

1. We create value locally: This applies at our plants in Shenyang, our engine plant and the new battery center – all through our BBA joint venture.

2. We responded quickly to the changing environment by consolidating development and purchasing activities and by reducing costs through increased local sourcing. Our new sales structure is making rapid progress.

3. Digitalized vehicles: This is a key issue in China, where we have strong local technology partners in Momenta, DeepSeek and Alibaba Banma. Together, we are integrating innovations into our models.

Local relevance, speed and software are essential conditions for strengthening our competitive position. In China, we also benefit from BMW’s ongoing dialogue with policymakers in Liaoning Province and at national level. In February, I was part of Federal Chancellor Merz's business delegation to China. Our goal is very clear: We intend to resume our growth in China.

Our approach to this is the following: In China. For China. With China.

We develop products that are tailored to the wishes of our Chinese customers. Just a few weeks ago, we unveiled three new BMW models in Beijing: the 7 Series and the long-wheelbase versions of the iX3* and the i3.

These long-wheelbase versions are the most China-centric cars we have ever built. The media was impressed by the driving dynamics and digital experience offered by the iX3L.

In China. For China. With China.

That also includes exporting from China. This is where the European Commission's punitive tariffs on imports of fully electric vehicles from China are hurting us. They are among the highest tariffs we have to pay. That cannot be in the EU's interest. Tariffs are like a boomerang. Who pays them? The customer.

The same applies to the tariffs between the EU and the US. Imports into the US are subject to tariffs of 15 percent. For us, this means higher financial outlays. On the other hand, we would benefit from the new tariff rate for imports into the EU, which is expected to fall to 0 percent. The emphasis here is on “expected to.” The new rate has not yet been implemented by the EU.

The tariff debate remains dynamic and highly complex. The fundamental principle here is that tariffs do not protect; they cause damage – on all sides. A global production and supply network is a strength. Any industry that is supposedly shielded by tariff barriers is weaker – and ultimately shrinks.

We make this point clearly wherever we engage in political dialogue. Who knows better than we do in Europe that exports and free trade lay the foundation for innovation and for jobs. The European Commission generally has good intentions, but the execution often falls short. Take the “Made in Europe” initiative.

Every industrial policy measure should

• recognize that exports drive value creation – especially in Germany,

• and ensure continuity in cooperation with international trading
partners.

This is crucial for our globally interconnected industry. E-mobility, in particular, is not possible without global value chains.

Another example of “good idea, poor execution”: the CO₂ requirements from 2035. The current proposal does not support technology-openness and ignores market realities. For more than 90 percent of vehicles across the EU, a de facto ban looks set to remain in place. Strict electrification quotas are also planned for company fleets.

Following the ban on the supply side, restrictions on the demand side are now also set to be introduced. This benefits neither customers, nor European industry, nor the environment.

If key areas of the e-mobility value chain are to be located outside of Europe, we risk becoming unilaterally dependent. The European Parliament and the European Council have a clear responsibility in this regard. Things cannot remain as they are.

BMW shows how it can be done: with a technology-neutral approach. Our vehicles with conventional drive trains remain in demand. They, too, can achieve an even smaller climate footprint through the use of renewable fuels. At the same time, we are growing with our fully-electric models – BEVs for short – and our plug-in hybrids, or PHEVs.

We consistently outperform EU CO₂ targets and did so again in 2025 – by a significant margin of 2.9 grams. Based on our preliminary calculations, our fleet-wide emissions came in less than 90 grams of CO₂ per kilometer in Europe. We achieved this entirely through our own efforts – without “pooling” with other manufacturers or “averaging” across multiple years.

We are also setting our own targets, with goals that are realistic, reliable and ambitious. What matters most to us is the overall impact. That means every ton of CO₂ we can avoid emitting. Scope 3 upstream is becoming increasingly relevant in this respect: In other words, reducing the carbon footprint throughout the supply chain.

The overall balance determines the climate impact – not the drive train alone. Our plants require 36 million parts every day. These are delivered by 2,700 direct suppliers and another 65,000 second-tier suppliers. By 2030, we aim to reduce our CO₂ emissions by at least 40 million tonnes compared to 2019 levels. You already know that. Now, we are aiming even higher, targeting a further 20 million tons of CO₂by 2035. As you can see: We are on track to reach NET ZERO by 2050. To achieve this, we are relying even more on secondary materials and CO2-free energy.

Germany carries significant weight as an industrial location within Europe.

Here, academic research, technological development and industrial implementation are closely intertwined.

However, we are falling behind:

• Energy and labour costs are substantially higher than in
other countries.

• The European Commission does not reward innovation and export orientation, but rather downsizing. It is replacing effective market mechanisms by bans and protectionism.

We are already feeling the effects of this trend. However, BMW is standing firm. In 2025, we built more than one million vehicles in our home country. About a quarter of all cars produced in Germany now come from BMW.

Our plants are operating at high capacity:

• Regensburg was our highest-volume plant in Germany in 2025,
operating in three shifts.

• Leipzig is our only plant where BMW and MINI vehicles are built on a single line – also in three shifts.

• At our main plant in Munich, the new BMW i3 is also ready to go.
From 2027, the plant will produce only EVs. This follows a 650-million-euro investment in extensive remodelling in line with the principles of the BMW iFactory.

• In Dingolfing, the two-millionth BEV has just come off the production line: a BMW i5* that we are delivering to Spain.

We can build different models and drive trains on the same production line – not only in Germany, but worldwide. So, when demand fluctuates, we are able to balance it out. Your company, esteemed shareholders, remains financially solid – capable of taking action and making investments.

In 2026, deliveries are forecast to be on a par with last year. The same applies to our BEVs. Our electric models have recently achieved strong year-on-year growth. Model cycles are now beginning to have an impact. The dynamics of the market regions and regulatory frameworks are shifting. In both the US and China, e-mobility now receives less government support.

The situation is different in Europe: In the first three months of the year, BMW recorded its highest-ever new orders for a first quarter: BEV sales are up more than 60 percent on the previous year, with well over 50,000 orders for the BMW iX3 alone since the IAA International Motor Show.

Our sales of fully electric vehicles have already surpassed last year’s strong performance in Europe. This, too, shows that different regions of the world are developing at different rates. In this context, our technology-neutral approach is proving all the more effective.

We have strong momentum across all brands and all drive technologies. That brings me to my second point:

The race is on.

The NEUE KLASSE is realising its potential and generating excitement.

Ladies and Gentlemen,

Many of you were with us at our Annual General Meeting in the Olympiahalle last year, when we unveiled the first two production models of the NEUE KLASSE live. Then, they were still wrapped in camouflage foil. Today, the iX3 is already driving on the roads, and we have already introduced the i3.

In January, we handed over the first iX3s to their new owners. The iX3 has been in European showrooms since March, with the US and Asia set to follow in the coming months. We are winning many new customers with the iX3. In Germany, one in three customers ordering an iX3 did not previously drive a BMW.

We are producing the iX3 at our new plant in Debrecen. Because demand is so high, we introduced a second shift in February – significantly earlier than planned. The iX3 can drive 805 kilometers on a single charge, according to WLTP. Our engineers like to test limits, so they wanted to show that it can do even more. A small team set out to drive the iX3 from Plant Debrecen to Munich – precisely 1,007 kilometers – without charging. No one has ever achieved that before with a vehicle in this class.

When they arrived at BMW Welt, they still had two percent charge left in the high-voltage battery. This record-breaking drive demonstrates the potential of the technologies in the NEUE KLASSE.

The eighth generation of the 3 Series now brings the NEUE KLASSE right to the heart of the BMW brand.

* * *

Video.

* * *

Ladies and Gentlemen,

There are cars that belong to history – and then there are cars that make history. The BMW i3 definitely falls into the second category. We celebrated the i3 premiere with around 40,000 employees at the BMW Park in Munich. The atmosphere was incredible.

We will begin series production in August, and the i3 will be launched shortly afterwards in Europe. The technical specifications of the i3 are truly exceptional – boasting a range of up to 900 kilometers in the WLTP cycle.

In just ten minutes, it charges enough energy to drive up to 400 kilometers. This is made possible by the sixth-generation e-drive with 800-volt technology.

The BMW i3 brings together all the technologies we have developed for the NEUE KLASSE – for the powertrain and driving dynamics, battery technology, operating concept and the digital driving experience.

The 3 Series is more than just a sedan – and it will remain that way in the future. The 3 Series Touring is very popular with families and business customers, which is why we have already confirmed this model.

Our M GmbH is inseparable from BMW: The first fully electric M model will debut in 2027. Thanks to the technologies of the NEUE KLASSE, this M model will also excel on the racetrack, if desired.

At the core of the NEUE KLASSE lies a completely new electronic and digital architecture. Many functionalities are enabled, expanded and continuously improved through software.

We can roll out new features and updates wirelessly via mobile communications or Wi-Fi. This allows us to react faster, scale innovations and meet regional customer needs.

Take BMW Panoramic iDrive, which combines display, operation and intelligent voice control in an intuitive and driver-oriented concept. It is typically BMW and, at the same time, locally customizable.

In China, we are working with Alibaba Banma to realize this. Together, we are bringing next-generation voice control into our vehicles. We are also enhancing the BMW Intelligent Personal Assistant with the functionality of the Chinese AI model DeepSeek.

In Europe and other markets, we will be integrating Alexa+ to make the voice assistant even more interconnected, intelligent and personalized.

We are relying on technology clusters as part of our modular approach.

In this way, we can integrate market-specific functionalities quickly and selectively into the vehicle, within a globally scalable system.

We are strengthening our research and development capacity in the regions accordingly. The NEUE KLASSE gives us the flexibility to respond precisely to regional requirements. The same applies to our driver assistance systems. Our objective is for them to be intelligent, symbiotic – and, above all, safe. We also have strong partners in this area: In China, we are working with Momenta, a leading supplier of ADAS technology; outside of China, we are collaborating with Qualcomm.

With the software-defined NEUE KLASSE, we maintain control over our systems and can roll out innovations worldwide. At the same time, we are able to rapidly integrate local technology stacks. This ensures that a BMW remains a BMW everywhere in the world. Nevertheless, every BMW offers precisely those features that local customers expect.

Now to the third key aspect that defines our BMW way.

How many global manufacturers do you think there are in our industry?

Not even a handful – but BMW is one of them. What does GLOBAL even mean in this context? Naturally, a global footprint across production, research and development, and sales. We call this local for local. It is how we secure access to individual markets, strengthening our local supply chains to make ourselves more resilient.

One example of this is our five new locations for high-voltage batteries – in Europe, the Americas and China. A global manufacturer has global brands – like we do with BMW, MINI, Rolls-Royce and BMW Motorrad.

We offer our customers a broad range of products across all key segments – from the urban compact-car segment to the absolute luxury class. And now, they are joined by BMW ALPINA, a highly exclusive brand with a strong tradition. With BMW ALPINA, we are tapping into a highly profitable, high-growth segment positioned above the BMW brand’s top models and below our Rolls-Royce luxury brand.

On the drive train side, we also offer battery-electric vehicles in all relevant segments. By end of the year, we will have 20 BEVs across all brands. Our plug-in hybrids also remain important. In 2028, BMW will add a further drive train: hydrogen. The next generation of our BMW X5 will then be available with five drive train variants.

Dear Shareholders,

Resilience is a word we hear a lot these days. But we are taking it a step further: We are making BMW antifragile. That means more than being resilient. Resilient companies withstand challenges, while antifragile companies use them to become better and to grow. This mindset transforms uncertainty into strategic clarity and pressure into momentum.

Difficult circumstances generate forward impetus that makes our company even stronger. Our global team makes this possible. In the autumn, we once again surveyed all our employees worldwide.

More than 90 percent said they support our goals and our strategy and 92 percent said they are proud to work at BMW.

* * *

Video.

* * *

What you see here is genuine. It is authentic. That is our BMW spirit, my dear Shareholders! At BMW, it is never about the individual – not the Board of Management; not the CEO.

It is always about our products and our brands; about the company – and its success. This is what we work for and strive towards. Because we can – and because we want to. Because it makes sense and unlocks potential. And because it brings joy – to our customers and to us in our daily work.

For almost seven years, since August 2019, I have been responsible for your company. Seven months after I took office, the coronavirus brought the world – and our plants – to a standstill. As you know, the period that followed remained turbulent.

We invested and initiated the NEUE KLASSE, the mega-project you see before you today. And we will continue – just as we always have at BMW for the past 110 years.

Tomorrow, dear Milan Nedeljković, you take over as Chairman of the Board of Management. The two of us have worked well together on the Board of Management.

Strategy is the responsibility of the Board of Management, and our strategy is focused on the long term. We consider and prepare for different scenarios. Decisions are made jointly by the Board of Management.

We implement them unanimously and with a united approach. Everything is done calmly and consistently, with a clear focus on the road ahead.

The appointment of new the Chairman of the Board of Management was decided and communicated in the same spirit.

Milan, I wish you and the Board of Management team continued strength in shaping the future. You, ladies and gentlemen of the Supervisory Board, continue to support us with critical and constructive guidance in true BMW style – always solution-oriented and focused on our shared success.

The fact that the entire Supervisory Board is present at our Annual General Meetings visibly underscores the support you give us,
Ladies and Gentlemen.

Those who invest expect their investment to be worthwhile, dear Shareholders. At the BMW Group, there are many compelling reasons why this will continue to be the case in the future.

Allow me to say, from the bottom of my heart:

Thank you for 35 intense and exciting years at BMW!

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electrical range: 678–805 km (WLTP)

BMW i5 eDrive40 Limousine: energy consumption combined: 17,9 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂-Klasse(n): A; electrical range: 513–627 km (WLTP)

Press Contact: Max-Morten Borgmann
Tel: +49-89-382-24118
E-mail: max-morten.borgmann@bmw.de

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2026

Wed, 06 May 2026 08:43:03 +0200

- Check against delivery –

Ladies and Gentlemen,

Good morning.

Before I'm talking about the quarter figures, I would like to address a tragic loss that has deeply touched many BMW fans around the world.

On May 1, race car driver, longtime BMW works driver, and company ambassador Alessandro Zanardi passed away unexpectedly.

“Alex” was an impressive personality, an unwavering optimist, and an inspiration to many people worldwide. He demonstrated what is possible in life with dedication, willpower, and ambition.

The BMW Group has lost a fascinating humanitarian representative, and BMW M Motorsport has lost an ambitious and successful works driver.

Ladies and Gentlemen,

Walter Mertl has taken you through the results after the first three months of 2026.

As we outlined in March at our Annual Conference, we knew that there would be several headwinds we would face throughout this year.

For us, it is about minimizing their impact, while consistently leveraging opportunities that arise.

At the same time, we remain firmly on course with our long-term strategy – a strategy that has provided clear direction and enabled us to navigate an increasingly unpredictable global business environment over recent years.

Three characteristics in particular define the BMW way:

First: Our strategy of technological neutrality

Second: The BMW Group’s global footprint and

Third: Inspiring brands and fascinating products.

Since 2021, the BMW Group’s long-term product and technology orientation has focused on the NEUE KLASSE.

Building on an exceptionally strong foundation of products and successful technologies delivered to customers over many years through to today, we are now making a huge leap forward in nearly every area of technology with the NEUE KLASSE. This will pay off as we roll these technologies out rapidly across the whole product portfolio.

Last year in September, here in Munich at the IAA Mobility, we presented the BMW iX3*, the first vehicle of the NEUE KLASSE. With this all-new vehicle generation BMW is entering into a new era.

The launch of the iX3 has been extremely successful.

Just a few weeks ago, in March, we handed over the first BMW iX3 vehicles to customers across Europe.

Over the past weeks, the model has also reached showrooms throughout the region.

Pre‑orders in Europe now exceed 50,000 units, underscoring the strong interest in this vehicle.

The iX3 also continues to win notable major international awards.

Most recently, it won two awards at the renowned World Car Awards. An international jury of 98 automotive journalists presented the BMW iX3 two prestigious titles: the 2026 “World Car of the Year”, beating out competitors across all powertrain categories; as well as 2026 “World Electric Vehicle” accolade.

With the first NEUE KLASSE model, BMW has delivered a clear step forward in technology and design – one that is resonating strongly with experts, journalists, and customers alike.

Given the very high market demand, we already pulled forward the second shift of BMW iX3 production at our Debrecen plant in February.

Further rollout across the US and Asian markets is planned for the coming months.

And the iX3 was just the beginning – a lot has happened since our annual conference. The NEUE KLASSE is gradually making its mark across the entire BMW portfolio.

In March, we unveiled the next step with the world premiere of the new BMW i3 at BMW Park in Munich.

Since 1975, the 3 Series has inspired dreams. At the core of the brand, each of the eight generations embodies progress and innovation. And with the BMW i3 we are building our future on this rich legacy.

This event provided a unique opportunity to celebrate this milestone not only with media and other key stakeholders, but especially and perhaps most importantly with our associates.

More than 30,000 employees joined the celebrations over days, underscoring the strong bond our team feels with the brand and their pride in this incredible moment – both for the company and for their achievements in bringing this vehicle to life.

As the second model of the NEUE KLASSE, the BMW i3 perfectly symbolizes the journey BMW has taken over the last years.

It is, of course, a completely new vehicle with a reimagined design and seamless integration of advanced technologies.

At the same time, the BMW i3 represents the progress of the BMW Group itself – from the systematic modernization of our production facilities through new ways of working that enable efficiency, scalability, and our long-term competitiveness.

The i3 will be produced at our main Plant in Munich. With an investment of around 650 million euros, the facility has been completely remodeled following the principles of BMW iFactory – lean, green, digital.

Production of up to 1,000 vehicles a day continued uninterrupted during the shopfloor adaptations over many months.

Beginning in 2027, the plant will exclusively produce electric vehicles.

The plant also continues to make great progress in realizing cost efficiencies. When the i3 rolls off the line for customers, we will have reduced overall production costs at the Munich plant by an additional 10%.

These improvements are driven by optimized production processes, targeted automation and digitalization, as well as the vehicle construction improvements enabled by NEUE KLASSE technologies.

Series production of the BMW i3 begins in August, followed by the market launch in Europe a few weeks later.

Several additional NEUE KLASSE models will soon be manufactured in Munich, including the BMW i3 Touring.

The BMW i3 leverages all the technologies developed for the NEUE KLASSE. From driving dynamics to powertrain, from battery technology to operating concept and the digital user experience.

And of course you can choose between different drive variants. Because we remain technology-open.

Each element is perfectly attuned to the characteristics of the 3 Series – creating a whole new dimension of sheer driving pleasure.

This is also confirmed by initial reviews and feedback from customers and journalists, which have been very positive.

This was also evident just two weeks ago at Auto China in Beijing, the world’s largest automotive trade fair.

We presented not 1, not 2, but 3 new models:

The BMW iX3 and BMW i3 Long Wheelbase for the Chinese market as well as the world premiere of BMW 7 Series model update with NEUE KLASSE technologies and design elements.

The China-specific NEUE KLASSE vehicles have been developed in close collaboration with our local R&D teams and local partners in China – think global, act local.

This enables us to leverage the know-how of leading Chinese tech players and integrate local digital ecosystems and technologies to meet the specific needs of our Chinese customer needs – for example, in voice assistant features and automated driving solutions.

The momentum generated by the NEUE KLASSE in China will provide a powerful impulse for our portfolio and marks the beginning of the next chapter in BMW’s tailored innovation and technology leadership in this key market.

In 2026, the seven millionth BMW vehicle will roll off the lines at our Shenyang production base. This remarkable milestone underscores our long-term commitment to China. And we are constantly strengthening our local footprint to underpin this momentum.

Through deeper localization across the value chain and expanded China-based decision making, we are faster, more robust, and even more synchronized with local customer expectations and market dynamics.

The new BMW 7 Series we unveiled in Beijing will kick off the roll-out of Neue Klasse technologies across all powertrains and into other product lines, and segments.

Coming in the middle of its lifecycle, it is the most extensive model revision in BMW's history and will take the 7 Series to a whole new level.

The technology-open drive offer covers all customer needs. The updated BMW i7 with new round battery cells features up to over 700 kilometers of range according to the WLTP cycle, meaning an increase of 100 kilometers from the current version.

Start of production will begin in our plant at Dingolfing in July.

The new 7 Series exemplifies BMW’s ability to industrialize the latest technologies at speed, integrating them into series vehicles and making them available directly to our customers.

This summer, we will also unveil the next generation of our BMW X5. It will be the first BMW model to be offered with five different drivetrain variants: highly efficient conventional powertrains, plug-in hybrid, battery-electric and – from 2028 – also hydrogen.

In this way, we are laying the foundation to successfully meet the diverse needs of our customers around the world, both today and in the future.

Ladies and Gentlemen,

Our products continue to enjoy strong demand globally. We are well positioned to meet the needs of customers across different regions and markets.

In the first quarter we leveraged the strength of our current portfolio in a shifting environment – supported by a broad offering across brands, segments, drivetrain technologies and geographies.

Consistent with our balanced, global approach to sales, the performance in Europe helped to partially offset weaker dynamics in other markets. Sales were particularly robust in Germany, where Group registrations increased by more than 10% year-on-year.

In China and the U.S., the BMW Group performed better than the overall declining market.

BEV orders in Europe were up by around 62%, with European sales of fully-electric vehicles exceeding the previous year’s high level.

For the fifth consecutive quarter, the MINI brand delivered global growth, with sales increasing by 6%.

As we roll out the NEUE KLASSE, we can look ahead with confidence. Its technologies and design language will provide fresh momentum into our already strong BMW products. Offering individual mobility solutions tailored to the needs of customers across markets worldwide.

At the same time, the company is prepared to weather differing dynamics in global markets and to seize opportunities.

That combination is what sets the BMW Group apart.

We have stayed on course, consistently implementing our long-term strategy and are now ideally positioned to reap the rewards.

This is very much part of our DNA. Time and again, the BMW Group has proven resilient from the pandemic through supply chain disruptions and semiconductor shortages and the energy crisis.

Throughout, we have remained true to our technology‑open approach, which has proven its strength as global automotive markets continue to transition and delivered stronger results in new technologies.

As this will be my final quarterly call as CEO of the BMW Group, I want to extend my sincere thanks to the media and capital market communities who have accompanied me throughout my tenure since 2019.

I have always valued our dialogue – at times challenging, but consistently constructive – and I am grateful for the professionalism and engagement you have brought to these exchanges.

I hope you will extend the same openness and warm welcome to my successor, Milan Nedeljković.

I wish you all the best – and look forward to answering your questions one last time.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂-emissions combined: 0 g/km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2026

Wed, 06 May 2026 08:30:00 +0200

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SLIDE 2: BMW Group Quarterly Statement to 31 March 2026

Ladies and Gentlemen,

Good Morning.

The year 2026 started off with sound financial results for the BMW Group, in line with our expectations.

SLIDE 3: BMW Group Performance in Q1 2026

In the first quarter, Group revenues totaled 31 billion euros.

Group earnings before tax amounted to 2.35 billion euros, approximately 25 percent lower than in Q1 2025.

With this result, we generated a Group EBT margin of 7.6 percent, on the level of the 2025 full year.

The operating profit in the Automotive segment was 1.345 billion euros.

Consequently, the EBIT margin in the Automotive segment stood at
5 percent, in the middle of our full-year guidance corridor of 4 to 6 percent.

As you know, we consistently focus on our reported figures. Accordingly, the five percent represents our reported
EBIT margin without any adjustments.

The Q1 extra tariff burden of 1.25 percentage points is accounted for in this margin.

In addition, the EBIT margin includes the depreciation from the BBA purchase price allocation of 1.2 percentage points.

SLIDE 4: Automotive Retail Units, BEV Units and Auto Revenue

Let me now provide more details on the Automotive Segment’s performance across key metrics.

In the first quarter, the BMW Group delivered around 566,000 BMW, MINI and Rolls-Royce vehicles to customers. This represents a slight decrease of 3.5 percent compared to the same period last year, driven by the sales decline of all-electric vehicles in the US and China.

The BMW brand saw a decline of 4.6 percent year-on-year.

This was driven by shifts in regional and powertrain sales.

The MINI brand continued its growth following the successful renewal of its model portfolio, achieving a solid sales increase of 6 percent.

Let’s take a closer look at our sales performance across regions.

Starting this year, we have slightly adjusted our regional sales reporting to reflect our sales organization structure rather than geographical continents.

In our largest sales region, Europe, deliveries increased slightly by 3.0 percent. We saw growth across all powertrains – combustion engine vehicles, all-electric vehicles and plug-in hybrids.

The BMW brand’s order intake in Europe showed strong growth across the entire product portfolio in Q1, with an order bank reaching well into the second half of the year.

In our sales region Asia-Pacific, Eastern Europe, Middle East, and Africa, deliveries declined by around 6,700 units – or 8.3 percent – year-on-year. This development was influenced by multiple factors, predominantly the macroeconomic environment and the diverse competitive landscape throughout the region, while the conflict in the Middle East had a limited regional sales impact in Q1.

In the Americas region, retail sales decreased by 4.0 percent year-on-year, primarily due to the US.

Here, sales of all-electric vehicles dropped significantly following the discontinuation of IRA support in the fourth quarter of last year. Our product portfolio enabled us to largely offset this decline and fulfil customer demand with our attractive ICE vehicles.

When comparing US sales to previous year, we must also remember that Q1 2025 was positively influenced by strong customer demand, driven by expectations of customs duty increases starting in April 2025.

Overall, we performed better than the total US market, which declined by 6.6 percent in the first quarter.

In China, the overall market declined sharply by over 17 percent in Q1, driven by reductions of government subsidies and changes of regulations.

By comparison, BMW Group sales decreased by 10 percent and therefore outperformed the overall market in Q1.

Switching gears to BEV retail sales:

In the first three months, the BMW Group delivered over 87,000 all-electric vehicles to customers worldwide.

Sales of electrified vehicles, including both BEVs and plug-in hybrids, amounted to approximately 133,000 vehicles.

This represents a BEV share of total sales of 15.5 percent and an electrified vehicle share of 23.4 percent.

In Europe, BEV sales continued to grow and order intake increased by more than 60 percent year-on-year, especially due to strong demand for our all-new iX3* and the iX1*.

In China and the US, the removal of incentives and the reduction of subsidies for electrified vehicles had a noticeable impact on BEV sales year-on-year, reflecting the country-specific market dynamics.

Automotive Segment revenues declined moderately by 7.0 percent to
27.2 billion euros in the first quarter.

Adjusted for currency translation, mainly from the US-Dollar and the Chinese Renminbi, the decrease was 2.9 percent.

It was driven by lower sales volumes and intense global competition.

Let’s now take a closer look at the year-on-year changes in the operational result on the following slide.

SLIDE 5: Automotive Segment EBIT in Q1 2026

In the first three months, changes in currency and raw material positions accounted for a negative impact of around 400 million euros.

As anticipated, the adverse FX development from the second half of 2025 continued into the first quarter of 2026.

The net effect of volume, model mix and pricing resulted in a negative impact of around 700 million euros compared to Q1 2025.

In addition to the impact from lower sales volumes, this decline was driven by intense competitive pressure across all major markets.

Ladies and Gentlemen,

We are continuing cost reductions across the company to tackle the overall headwinds.

In the first quarter of 2026, we have further reduced both R&D and capital expenditure, thanks to early investments in the NEUE KLASSE.

As of March, Group R&D expenditure totalled around 1.8 billion euros, a significant decrease of around 12 percent compared to the previous year.

The R&D ratio according to the German Commercial Code came in at 5.7 percent.

Despite this significant reduction, research and development expenses in the P&L increased by 100 million euros due to two factors:

An increase of 200 million euros in depreciation, resulting from capitalized development costs in prior years.

And a lower R&D capitalization ratio compared to Q1 2025, which decreased by 4.3 percentage points to 31.4 percent.

Our ongoing commitment to reducing operating costs is further visible by the development of selling and administrative expenses, which decreased by around 100 million euros year-on-year.

Other Cost Changes provided a tailwind of around 400 million euros compared to the first quarter of 2025.

This includes various factors, most notably manufacturing costs and warranty expenses as well a year-on-year tariff burden.

Overall, Automotive EBIT amounted to 1.3 billion euros in the first quarter.

The decline of approximately 700 million euros compared to Q1 2025 was driven by headwinds from FX, tariffs and depreciation.

SLIDE 6: Automotive Segment Free Cash Flow in Q1 2026

Free cashflow in the Automotive Segment amounted to around 800 million euros in the first quarter of 2026.

The net change in working capital reduced free cashflow by around
500 million euros, as expected.

This mainly reflects the typical Q1 inventory build-up, with production exceeding sales volume.

The impact of higher inventories was partly compensated by an increase in trade payables, which rose in line with production levels.

The net effect of capital expenditure and depreciation contributed about 600 million euros to free cashflow.

Depreciation exceeded capital expenditure in the first quarter, positively impacting free cashflow.

We expected this position to flip versus previous years, as we continue to reduce capex and see depreciation from earlier investments take effect.

This trend will continue throughout 2026.

The capex ratio for Q1 was 2.0 percent, reflecting the typical low level seen in the first quarter of the year.

The change in provisions reduced free cashflow in the first quarter by
300 million euros, primarily due to the consumption of warranty provisions.

The change in the position other reduced free cashflow by 300 million euros, mainly due to regular tax payments.

For the full year, the BMW Group is targeting a free cashflow in the Automotive segment above 4.5 billion euros.

Ladies and Gentlemen,

The BMW Group remains firmly committed to its shareholder return strategy, which includes both dividend payments and share buybacks.

The second tranche of our third share buyback program with a volume of 625 million euros is currently underway and is scheduled for completion by the end of August at the latest. The third tranche is planned to follow thereafter.

SLIDE 7: Financial Services Segment YTD March 2026

Let’s now turn to our Financial Services Segment.

In the first quarter, the number of new contracts concluded with retail customers increased slightly by 4.3 percent year-on-year, reaching 420,000 contracts.

The penetration rate for lease and loan offerings increased to 51.6 percent in the first quarter.

This development was supported by changes in the competitive environment in China. Mid-2025, local banks significantly reduced commissions related to brokering financing and insurance products for end customers.

Adjusted for FX effects, new business volume grew by 4.1 percent to about 16 billion euros.

Segment earnings for the first quarter amounted to 381 million euros, a decrease of 269 million euros compared to Q1 2025.

This decline results from an addition to an already existing risk provision in the UK. At the end of March, the Financial Conduct Authority (FCA) issued its final cross-sector compensation program for customers who were sold automotive financing products under certain commission models.

Unfortunately, the published program reflects only a few of the many amendment proposals made to the initial draft by both the UK Finance and Leasing Association and the BMW Group.

As a result, the compensation payment volume will likely exceed previous estimations.

Additionally, income from the resale of end-of-lease vehicles was lower year-on-year, as expected.

The credit loss ratio across the entire credit portfolio remained low at 0.27 percent.

SLIDE 8: Motorcycles Segment in Q1 2026

In the Motorcycles Segment, first-quarter deliveries declined slightly by 4.2 percent year-on-year.

Segment EBIT for the first three months rose to 89 million euros, with an EBIT margin of 11.4 percent.

Finally, one remark on the Other Entities result, which increased by around 300 million euros.

This was driven by positive valuation effects from interest rate derivatives, resulting from the sharp rise in long-term interest rates in March.

SLIDE 9: Outlook 2026

Ladies and Gentlemen,

Let me now turn to our outlook for 2026 and briefly outline some of our current assumptions.

The situation in the Middle East currently remains highly uncertain. Our outlook assumes that the ongoing conflict is temporary.

The expected tariff impact on our 2026 results can still only be estimated based on our existing assumptions.

We expect import duties from the EU to the US to remain at their current levels.

Following the recent positive vote in the European Parliament, we anticipate that tariffs on imports from the US to the EU will drop to 0 percent effective in the second half of the year.

Similarly, tariff reductions for imports into the US from Mexico and Canada are also expected to take effect in the second half of the year.

We continue to anticipate a full-year negative impact of around
1.25 percentage points on the Auto EBIT margin from the increased tariffs, after 1.5 percentage points in 2025.

In China, we are making good progress with our set of measures to support market performance.

The overall vehicle market in China declined more sharply than anticipated throughout the first quarter, already prompting several revisions of official market forecasts for the year by the CPCA.

In light of this trend, our focus will remain on achieving the right balance between sales volume, transaction prices, and dealer profitability.

Based on our assumptions, our full-year guidance parameters remain unchanged.

Group earnings before tax are expected to be moderately lower than in 2025.

In the Automotive segment, we forecast global deliveries to be at last year’s level.

The EBIT margin is expected to be within a corridor between 4 and 6 percent.

The EBIT margin in the Motorcycles Segment should also come in at between 4 and 6 percent.

In the Financial Services Segment, we are targeting a Return on Equity (RoE) in the range of 13 to 16 percent for the full year.

SLIDE 10: Q1 Profitability in the middle of full-year guidance corridor

Ladies and Gentlemen,

The year 2026 started off with sound financials for the BMW Group, with an Auto EBIT margin in the middle of our full-year guidance corridor.

Within our global business model, we continue to leverage flexibility across powertrains and regions, as we ramp up our NEUE KLASSE.

This flexibility enables us to effectively mitigate risks as they arise.

The prudent management of R&D, capex, and operating costs is clearly reflected in our Q1 results, underscoring our strong commitment to financial discipline.

With that, the BMW Group remains on track to meet its operational targets as we advance our strategic plan.

And as we roll-out the NEUE KLASSE technologies across the entire portfolio, we at the BMW Group and all of our stakeholders have plenty to look forward to.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption: 17,9–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); electric range: 678–805 km (WLTP); CO₂ class: A

BMW iX1 xDrive30: energy consumption: 17,2–17,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); electric range: 430–468 km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW Group Quarterly Statement to 31 March 2026

Wed, 06 May 2026 07:31:55 +0200

Attached please find the Quarterly Statement to 31 March 2026 for download.

The speeches and telephone conferences for journalists and analysts & investors will be broadcast live on our website https://www.bmwgroup.com/en/investor-relations/company-reports.html:

08.30 am (CEST): Speeches Oliver Zipse and Walter Mertl
09.05 am (CEST): Journalists Q&A
10.15 am (CEST): Analysts & Investors Q&A

The online version of the BMW Group Report 2025 can be explored here: https://www.bmwgroup.com/en/report/2025/index.html

Press Contact: Manuela Heumann
Tel: +49-89-382-24660
E-mail: manuela.heumann@bmw.de

Solid start to the year: BMW Group achieves Group EBT margin at previous full-year level

Wed, 06 May 2026 07:30:00 +0200

Munich. Parallel to the ramp-up of the Neue Klasse, the BMW Group has released solid financial figures in the first quarter: The Munich-based premium automaker reported an EBT of € 2,348 million – surpassing the two previous quarters (Q3/Q4 2025). Group EBT margin of 7.6 % was on par with the figure for the full year 2025 (7.7 %). Free cash flow in the Automotive segment totalled € 777 million, significantly above the same quarter of the previous year (+88.1 %).

As such, the BMW Group has maintained its positive momentum from the previous year in the first quarter of 2026. The company’s attractive product portfolio, technology‑open approach and resilience in key global regions ensure it maintains its successful course.

“Once again, our earnings for the first quarter demonstrate the value of strategic consistency, operational strength and a high degree of flexibility. We are well positioned to deliver continued success, despite challenging conditions,” said Oliver Zipse, Chairman of the Board of Management of BMW AG.

Order intake in Europe reaches record levels

The BMW brand achieved its highest ever order intake figure for a single quarter in Sales Region Europe. From January to March, orders for all-electric vehicles increased by more than 60% in Europe compared to the previous year. The BMW iX3* alone secured more than 50,000 orders since its design premiere in September by the end of March.

“During the first three months on the year, we received more orders in Europe than in any other quarter in the Company’s history. The key to our success lies in our broad product range: with our strong brands, we serve key segments and allow customers to select from the full range of drivetrains,” said Zipse. “The successful launch of the BMW iX3 and the positive feedback on the BMW i3 confirm that we made the right decisions with the Neue Klasse. Every future BMW model will feature the new technology clusters and use the new design language – regardless of drivetrain. Thus, we are elevating our product portfolio to a whole new level.”

The BMW Group delivered a total of 565,780 vehicles to customers worldwide in the first quarter. This represents a slight decrease of -3.5% compared with the same period last year. The BMW brand delivered a total of 496,006 vehicles to customers across the world in the first quarter of 2026 (-4.6%). One in ten of all BMW units delivered was a BMW M model.

MINI maintains its growth trajectory

The MINI brand increased its global sales for the fifth consecutive quarter, delivering 68,503 vehicles – growth of +6.0%. BEVs accounted for 35.1% of all MINI deliveries.
The Rolls-Royce brand delivered a total of 1,271 vehicles to customers in the first quarter (-8.0%). BMW Motorrad delivered 42,735 motorcycles and scooters to customers over the same period (-4.2%).

BEV demand growing in Europe

The BMW Group’s vehicle deliveries increased by 3.1% across all drivetrains in Europe, its largest sales region. Battery‑electric vehicles accounted for 25.3% of all sales in Europe (global: 15.5%). The BMW Group remains confident that it will meet the EU (27 + 2) CO₂ targets for 2026.
In the Americas sales region, which slightly declined by -4.0%, the decline in deliveries of all-electric BMW automobiles was largely offset by increased deliveries of vehicles with combustion engines. In China, where the total market contracted sharply by -17.5%, BMW Group deliveries performed somewhat better, falling by -10.0% during the reporting period.

Currency effects weigh on revenues

Group revenues totalled € 31,007 million (2025: € 33,758 million; -8.1%; adjusted for currency translation effects: -4.3%) highlighting the persistently intense competition in the automotive sector – particularly in China – as well as the slight decline in sales. Furthermore, adverse currency effects had a negative impact, primarily the Chinese renminbi and the US dollar.

Disciplined cost management continues to deliver results

The BMW Group successfully delivered nominal costs reductions in the first quarter to tackle external challenges. The cost of sales went down by -6.4%, while administrative and sales expenses fell by -5.1% across the Group. As planned, the Company reduced its research & development expenditure from the 2024 peak to € 1,755 million (Q1/2025: € 1,984 million; -11.5%). The research & development expenditure ratio (German Commercial Code) fell to 5.7% (Q1/2025: 5.9%). Investments also decreased in the first quarter to € 1,723 million in line with planning (Q1/2025: € 2,819 million; -38.9%). The capital expenditure ratio came in at 2.0% (Q1/2025: 3.6%).

“Flexibility and speed of execution are two of the BMW Group’s strengths. That’s abundantly clear with the Neue Klasse – a stringent and comprehensive renewal of our entire vehicle portfolio in record time. The automotive innovations coming to market will strengthen our competitive position and improve our profitability,” said Chief Financial Officer Walter Mertl. “In a demanding economic environment, we remain highly focused on costs, leveraging multiple opportunities across the company with an approach designed to deliver sustained results.”

Share buyback on track

The Annual General Meeting in May 2025 authorised the Board of Management to buy back up to 10% of BMW AG’s share capital over the next five years. Based on this new authorisation, the Board of Management approved a third share buyback programme with a volume of up to € 2 billion, to be completed no later than 30 April 2027. The first tranche of shares worth € 750 million were repurchased by December 2025. The second tranche of shares, amounting to € 625 million, is on track to be purchased by 31 August 2026. On 31 March 2026, BMW AG held shares with a nominal value of € 12,225,269. This corresponds to 1.99% of the share capital on the same date.

Group EBT well over € 2 billion again despite the tariffs burden

The Group achieved earnings before tax (EBT) of € 2,348 million in the first three months of the year (Q1/2025: € 3,113 million; -24.6%). In doing so, the company delivered earnings of more than € 2 billion in a demanding economic environment once again. The EBT margin for the period was 7.6% (Q1/2025: 9.2%). Group net profit amounted to € 1,672 million (Q1/2025: € 2,173 million; -23.1%).

EBIT margin in the annual guidance corridor of 4–6%
The Automotive segment achieved an EBIT of € 1,345 million (Q1/2025: € 2,024 million; -33.5 %) and an EBIT margin of 5.0 % (Q1/2025: 6.9 %; -1.9 percentage points) – in the middle of the forecast annual range of 4–6% – and extra tariffs accounted for a 1.25 percentage point reduction in the EBIT margin in the quarter. This was a significantly larger hit than the same quarter in the previous year, in which only EU import tariffs were due on battery‑electric vehicles from China. The EBIT margin was also affected by depreciation and amortisation from the BBA purchase price allocation amounting to 1.2 percentage points.

Fierce competition across major automotive markets, especially in China, impacted pricing and sales volumes, weighing on EBIT. As anticipated, currency and raw material price effects dampened the company’s first‑quarter earnings performance.

Free cash flow in the Automotive segment increased significantly to € 777 million in the first three months of the year (Q1/2025: € 413 million). The marked reduction of capital expenditure compared with prior‑year figures had a positive impact on free cash flow. Conversely, the typical seasonal increase in inventories weighed on working capital. The segment’s free cash flow is expected to exceed
€ 4.5 billion for the full year.

Financial Services: slight growth in new contracts with end customers

The Financial Services segment secured 420,212 new credit financing and leasing contracts with end customersin the first quarter. The growth of 4.3 % compared to the same quarter last year is largely attributable to the changes in the competitive landscape in the Chinese market since mid‑2025. The penetration rate** – the share of BMW Group vehicles either leased or financed through the Financial Services segment – increased to 51.6% in the reporting period(Q1/2025: 43.0%; +8.6%).

The segment generated a profit before tax (PBT) of € 381 million in the first three months of the year (Q1/2025: € 650 million; –41.4%). The decline was primarily driven by an increase of the existing risk provision for cross-sector compensation schemes for motor finance customers in the United Kingdom.

Moreover, the income from the resale of end-of-lease vehicles was lower.

Outlook for the 2026 financial year confirmed

The BMW Group confirms its full‑year forecast after the first quarter, in a deteriorating economic environment. Forecasts for the global economy and automotive markets have been revised downwards in recent weeks. The global automotive market is now expected to see a slight decrease.

For the 2026 financial year, the BMW Group continues to expect a higher level of volatility related to tariffs. The company anticipates a negative impact from higher tariffs of around 1.25 percentage points on the EBIT margin in the Automotive segment.

The geopolitical situation in the Middle East is currently characterised by a high degree of uncertainty due to the ongoing conflict in the region. The outlook assumes that the conflict will not be enduring.

The BMW Group continues to see overall growth potential in Europe and the United States. In China, the company looks to balance sales volume, transaction prices and dealer profitability.

Globally, the company forecasts that deliveries will be on a par with the previous year and that fully-electric vehicles will account for the same share of sales as 2025.

The BMW Group remains disciplined in cost management. In the 2026 financial year, the company will further reduce capital expenditure, manufacturing costs, research & development spending, as well as sales & administrative expenses. Compared to the prior year, the BMW Group expects a lower additional burden from tariffs as previously outlined. This will be offset by increasing depreciation resulting from investments and the capitalization of development costs in previous years. Additionally, earnings will be negatively impacted by adverse currency and raw material effects, by pricing and product measures to stabilize transaction prices in China, by a significantly lower capitalization rate resulting from the development portfolio structure, and by overall lower revenues related to the used-car market. The BMW Group will partially offset these higher burdens through the afore-mentioned cost reductions.

Regarding forecast KPIs: The EBIT margin for the Automotive Segment is forecast to be within the range of 4–6%. Return on Capital Employed (RoCE) will be between 6–10%.

In the Financial Services Segment, Return on Equity (RoE) is projected to be between 13–16%.

In the Motorcycles Segment, deliveries are forecast to be on a par with the previous year, with an EBIT margin within the range of 4.0–6.0% and a Return on Capital Employed (RoCE) of 10–14%.

In light of the forecast developments, a moderate decline in Group earnings before tax is expected for 2026.

The BMW Group’s actual business performance may deviate from these expectations – for example, due to changes in political and macroeconomic conditions.

BMW Group – overview Q1 2026		Q1 2026	Q1 2025	Change in %
Deliveries to customers
Automotive¹	units	565,780	586,117	-3.5
thereof: BMW	units	496,006	520,121	-4.6
MINI	units	68,503	64,615	6,0
Rolls-Royce	units	1,271	1,381	-8.0
Motorcycles	units	42,735	44,609	-4.2

Employees (as of 31 Dec. 2025)		154,540
EBIT margin Automotive Segment	percent	5.0	6.9	-1.9 %-pts.
EBIT margin Motorcycles Segment	percent	11.4	9.4	+2.0 %-pts.
EBT margin BMW Group²	percent	7.6	9.2	-1.6 %-pts.
Free cash flow Automotive Segment	€ million	777	413	88.1

Revenues	€ million	31,007	33,758	-8.1
thereof: Automotive	€ million	27,159	29,211	-7.0
Motorcycles	€ million	779	806	-3.3
Financial Services	€ million	9,837	10,126	-2.9
Other Entities	€ million	3	3	0.0
Eliminations	€ million	-6,771	-6,388	6.0

Profit before financial result (EBIT)	€ million	2,004	3,142	-36.2
thereof: Automotive	€ million	1,345	2,024	-33.5
Motorcycles	€ million	89	76	17.1
Financial Services	€ million	353	652	-45.9
Other Entities	€ million	2	-6	-
Eliminations	€ million	214	396	-46.0

Profit before tax (EBT)	€ million	2,348	3,113	-24.6
thereof: Automotive	€ million	1,266	1,904	-33.5
Motorcycles	€ million	88	75	17.3
Financial Services	€ million	381	650	-41.4
Other Entities	€ million	543	295	84.1
Eliminations	€ million	70	189	-63.0

Group income taxes	€ million	-676	-940	28.1
Net profit	€ million	1,672	2,173	-23.1
Earnings per share (ordinary/preferred)³	€	2.68/2.68	3.38/3.38	-20.7

¹Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang.

²Ratio of Group earnings before taxes to Group revenues.

³ Earnings per share of preferred shares are calculated by distributing the earnings required to cover the additional dividend of € 0.02
per preferred share proportionally over the quarters of the corresponding financial year.

** Starting in the 2026 financial year, the penetration rate will also include financing and leasing contracts for young used vehicles that are sold to end customers for the first time in the reporting year.

GLOSSARY – explanatory comments on key performance indicators

Deliveries to customers

Payout ratio

EBIT

Profit before financial result. Profit before financial result comprises revenues less cost of sales, less selling and administrative expenses and plus/minus net other operating income and expenses.

EBIT margin

Profit/loss before financial result as a percentage of revenues.

EBT

EBIT plus financial result.

PHEV

Plug-in-hybrid electric vehicle - hybrid vehicle with petrol engine and electric drive.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Sebastian Keßler, Communications BMW Group, Strategy

Telephone: +49 89 382-21616

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂-emissions combined: 0 g/km (WLTP); CO₂ class(s): A; electrical range: 678–805 km (WLTP)

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW i Ventures Announces $300 Million Fund to Back AI Startups Reshaping the Automotive Ecosystem

Wed, 29 Apr 2026 15:56:24 +0200

Munich / San Francisco, April 29, 2026 –BMW i Ventures today launched its third fund, putting $300 million behind a clear premise: that AI will fundamentally reshape how the automotive industry operates and creates value across its entire ecosystem. Fully backed by the BMW Group, Fund III will focus on physical AI, agentic AI, industrial software, manufacturing technologies, supply chain technologies and advanced materials. The fund will invest across North America and Europe, from Seed through Series B. The launch brings BMW i Ventures’ total capital under management to $1.1 billion.

“With BMW i Ventures, we are investing in technologies that will shape the future of our industry. Our corporate venture capital activities play a key role in our innovation strategy, complementing our internal R&D and building strategic partnerships across the entire automotive value chain”, said Oliver Zipse, CEO of BMW Group. “BMW i Ventures is launching the third fund at the perfect time: AI has shown its tremendous potential to transform products, operations, and entire value chains. Through BMW i Ventures and Fund III, we are best prepared to leverage these opportunities: We can anticipate shifts early, act quickly and efficiently on innovations, and remain at the forefront of our industry.”

AI as Operating Layer of the Automotive World

BMW i Ventures will focus on agentic AI, AI-native enterprise applications that automate complex workflows in industrial environments, and physical AI that enables robots and autonomous machines to perceive, plan and act safely in the real world. As AI unlocks step-function improvements in productivity, decision-making and speed of execution, the fund will back innovations across the automotive value chain in automation, engineering, and manufacturing, from highly specific production optimization to platforms that enable connected and intelligent operations across industrial networks.

“With Fund III, we’re backing the founders who are turning AI into an industrial advantage, on the factory floor, in logistics networks and across global supply chains,” said Marcus Behrendt, Managing Partner at BMW i Ventures. “The new fund sharpens our focus for a world where AI-native software, robotics, and materials innovation will define the next generation of suppliers.”

“AI is quickly becoming part of the operating system of the modern enterprise,” added Kasper Sage, Managing Partner at BMW i Ventures. “We’re particularly interested in AI that can execute workflows end-to-end, driving real ROI through autonomous systems. That’s where productivity gains have real business impact.”

Advanced Materials and Circular Supply Chains

For BMW i Ventures, circularity remains a core investment pillar that supports industrial resilience and helps reduce exposure to constrained or geopolitically sensitive supply chains for critical materials. Fund III will continue to back next-generation materials innovations and technologies designed to advance circular industrial systems across product design, manufacturing processes, and supply chains. This includes technologies that support recycling and recovery of critical materials, circular manufacturing processes, and new materials that combine performance improvements with more efficient resource use.

“Circularity is not only about reducing emissions, it’s about securing access to raw materials and reducing exposure to constrained supply chains,” said Behrendt. “The new fund’s focus on AI expands the toolkit for sustainability rather than replacing it.”

Building on More Than a Decade of Experience

Since 2011, BMW i Ventures has invested in more than 90 companies and realized more than 30 exits. This track record includes successes like GaN Systems (acquired by Infineon for $830 million) and 11 portfolio companies that have gone public, such as Kodiak, Chargepoint, and Xometry. Active portfolio highlights include Skylo, a specialist in satellite connectivity; Embotech, a provider of autonomous driving solutions for industrial logistics; Tekion, an AI-native automotive retail platform; Rive, an interactive UI design and animation engine; and Synera, an AI agent platform for engineering.

Long-Term Commitment to Venture Investing

Through BMW i Ventures, the BMW Group gains early access to strategically relevant innovations while building insight into emerging trends and disruptions across global technology ecosystems. This helps strengthen BMW’s long-term competitiveness and supports the integration of new technologies into future vehicles, production systems, and digital services.

BMW i Ventures’ first fund has already returned significant capital, with positive DPI (Distributed to Paid-In capital), and Fund II is nearing the end of its initial investment period with over 30 portfolio companies. Fund III builds on the first two funds and is structured to lead investment rounds while maintaining its footprint in the United States and Europe. The new fund has the capacity to back AI-native companies as early as the seed stage, reflecting how quickly AI-first companies can now be built and scaled. Operating with the independence and speed of a traditional venture firm, BMW i Ventures is structured to identify and back emerging technologies well before they reach the mainstream.

About BMW i Ventures
BMW i Ventures is the independent venture capital fund of the BMW Group, based in Silicon Valley and Munich. BMW i Ventures invests in companies that are shaping the future of the automotive industry, manufacturing, and the supply chain, focusing on physical AI, agentic AI, AI-native enterprise and industrial software. BMW i Ventures invests in startups in all phases across North America and Europe, from seed to growth stage, with an emphasis on Series A and B. Since 2011, BMW i Ventures has invested in more than 90 companies, including GaN Systems, Kodiak, Chargepoint, Xometry, Skylo, Embotech, Tekion, Rive and Synera. The firm's total capital under management is $1.1 billion.

For more information, visit www.bmwiventures.com

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Media Contact BMW i Ventures
PIABO PR GmbH
Janice Sommer
Senior VC Communications Consultant
Telefon: +49 172 417 9441
E-Mail: bmwiventures@piabo.net

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Successful market launch for Neue Klasse: BMW Group posts significant first-quarter growth in European new orders

Tue, 14 Apr 2026 11:00:00 +0200

Munich. Driven by very strong customer interest in the first Neue Klasse model, the BMW iX3*, the BMW Group recorded a significant increase in incoming orders for fully-electric vehicles in Europe in the first quarter of 2026. From January to March, new BEV orders rose by around 40% year-on-year. The BMW Group also reported higher orders across all drivetrain technologies in the region compared to the previous year.

“We are seeing exceptionally strong demand for the new BMW iX3. With well over 50,000 new orders since ordering opened in Europe, customer interest in the BMW iX3 is exceeding our high expectations. More than half of the BMW X3s ordered are already fully electric,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “The strong demand for the BMW iX3 underlines the quantum leap in technology we are making with the Neue Klasse. We are also receiving extremely positive feedback on the recently revealed second model of the Neue Klasse, the BMW i3,” Goller added.

Across all drivetrain technologies, the BMW Group delivered a total of 565,748 BMW, MINI and Rolls-Royce vehicles to customers in the first quarter of this year (-3.5%). Demand for models with internal combustion engines remained slightly above the high level of the previous year. The BMW Group achieved significant sales growth in its domestic market of Germany, with 68,022 units delivered (+10.7%). In China, BMW Group sales outperformed the overall strong market decline.

The first BMW iX3s were delivered to customers in Europe in March. Although the ramp-up of the first Neue Klasse model has only just begun, sales of fully-electric vehicles in Europe in the first quarter of 2026 already exceeded the high level recorded in the same period of last year. In the first quarter, the BMW Group delivered 87,458 fully-electric vehicles to customers worldwide (-20.1%). In the US, the discontinuation of BEV incentives impacted the entire market. At the same time, demand for BMW models with internal combustion engines increased. In an overall challenging market environment, the BMW Group was able to hold its ground well and is confident that the attractive, technology-neutral product portfolio as well as the worldwide availability of the Neue Klasse models will generate an increasingly positive momentum.

The BMW brand delivered a total of 496,050 vehicles to customers worldwide in the first quarter (-4.6%). Following last year’s all-time high, BMW M GmbH sales for the first three months of the year totalled 47,544 units (-5.9%). For the fifth consecutive quarter, MINI increased its global sales year-on-year. With 68,427 units delivered, the brand recorded growth of +5.9%. In the Europe sales region, MINI achieved a significant increase in BEV sales. The Rolls-Royce brand delivered 1,271 vehicles to customers in the first quarter (-8.0%). During the same period, BMW Motorrad sold 42,735 motorcycles and scooters (-4.2%).

BMW Group sales Q1 2026 at a glance

	1st Quarter 2026	Compared with previous year %
BMW Group Automotive	565,748	-3.5%
BMW	496,050	-4.6%
- BMW M GmbH	47,544	-5.9%
MINI	68,427	+5.9%
BMW Group electrified¹	132,518	-15.9%
BMW Group BEV	87,458	-20.1%
Rolls-Royce	1,271	-8.0%
BMW Motorrad	42,735	-4.2%

¹BEVs and PHEVs

BMW & MINI sales in the regions/markets

	1st Quarter 2026	Compared with previous year %
Europe sales region	236,422	+3.0%
Germany²	68,022	+10.7%
Americas sales region	109,639	-4.0%
USA	90,492	-4.3%
China sales region	143,958	-10.0%
Fourth Pillar³sales region	74,415	-8.3%

²Provisional registration figures

³Asia-Pacific, Eastern Europe, Middle East, Africa

BMW Group Corporate Communications

Dr Sina Unger, Communications Sales

Telephone: +49 89 382-47564

Carolin Bachmann, Communications Sales

Telephone: +49 89 382-38801

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: Energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electrical range: 678–805 km (WLTP)

Press Contact: Sina Unger
Tel: +49-151-60147564
E-mail: sina.unger@bmwgroup.com

Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Annual Conference 2026

Thu, 12 Mar 2026 08:22:00 +0100

- Check against delivery –

Statement

Walter Mertl

Member of the Board of Management of BMW AG, Finance

Annual Conference 2026

BMW Welt in Munich , 12 March 2026, 08.00 a.m.

Good morning,

Ladies and Gentlemen,

For the BMW Group, 2025 was marked by fully leveraging our operating model to deliver solid results in the face of a challenging environment.

The year was heavily impacted by tariffs, developments on currency markets, especially in the second half of the year, as well as the intense market situation in China.

In the face of these headwinds:

we executed consistently on our strategy and took advantage of our flexible global structures.
we balanced sales across our regions and our brands.
we reduced R&D and capex thanks to early investments in the NEUE KLASSE; and
we drove further cost reductions across the entire company.

SLIDE: OVERVIEW OF PERFORMANCE FY 2025

With this, we were able to deliver on major KPIs in our operational business:

a stable Group-EBT margin of 7.7% – the same as 2024 – with Group earnings of more than 10 billion euros;
volume growth to 2.46 million Group vehicles;
the continuation of our electrification story with an increase in BEV share to almost 18% and xEV share to over 26% of total sales;
an electrified share in Europe of over 40%;
a CO₂ fleet emissions figure in the European Union of 90.0 grams per kilometre – 2.9 grams below the applicable target;
an Auto EBIT margin within our guided corridor;
over 3 billion euros Free Cash Flow;
and solid capital returns.

As I promised at the Annual Conference one year ago, we have addressed all aspects of cost – R&D, SG&A, manufacturing and material costs – to secure a consistent year-over-year reduction in every quarter. This amounted to an overall Auto EBIT tailwind of approximately 2.5 billion euros for the year.

With our diligent management of the business, we have been able to offset a large share of the challenges we faced. Without the full-year tariff burden of approximately 1.5 percentage points of EBIT margin, both our Group earnings as well as our Auto EBIT would have been above the previous year.

Let me now take you through our financial figures in detail.

SLIDE: GROUP FIGURES

For the full year, Group revenues totalled 133 billion euros. Earnings before Tax at Group level amounted to over 10 billion euros, as anticipated at Q3. This represents a single-digit percentage decline of 6.7%. The resulting Group EBT Margin remained stable at 7.7% for the year. Earnings per share even rose slightly year-on-year.

SLIDE: SEGMENT PERFORMANCE

If we look at the breakdown of the Group performance by segment:

The Automotive Segment delivered 6.3 billion euros in earnings with an EBIT margin of 5.3%.

Motorrad EBIT reached 178 million euros with a margin of 5.7%.

Financial Services generated 2.4 billion euros in earnings before tax and a Return on Equity of 14.3%.

All three operational segments were therefore within their respective guidance corridors.

Other Entities improved to just over 1 billion euros in EBT. The positive trend after nine months continued into Q4.

And finally, Eliminations amounted to an EBT of 629 million euros. This reflects the positive development in Q4, as anticipated.

Let’s look at how the Automotive Segment performed across key metrics:

SLIDE: BMW GROUP SALES GLOBALLY AND BY REGION

Over the course of 2025, the BMW Group sold over 2.46 million BMW, MINI and Rolls-Royce vehicles to customers worldwide, an increase of 0.5% over 2024.

Looking at the regions, we see our global model at play, as we steer effectively across geographies. As Oliver Zipse highlighted before, sales in Europe and the United States outperformed the market, delivering an increased market share and overcompensating the development in China.

We delivered a stable monthly run-rate for the BMW brand of around 50,000 vehicles throughout the entire year in China – despite the intense market environment. During the course of the year, we have taken actions to consolidate dealer structures and address pricing, which will underpin this stability in the market.

Excluding the Chinese market, global Group sales in 2025 grew by 5.9%.

SLIDE: BMW ELECTRIFIED AND BEV SALES GLOBALLY AND BY REGION

Electrified vehicles are both a foundational pillar in our strategy, and also a key growth driver – thanks to our expanding portfolio of attractive products.

Oliver Zipse has already taken you through the figures in detail. But the highlights were:

a total of 642,000 electrified vehicles delivered in 2025;
representing solid growth of 8.2% and an overall xEV share of over 26%.
and deliveries of all-electric vehicles of 442,000 units for a share of almost 18%.

SLIDE: AUTOMOTIVE SEGMENT REVENUES

Revenues in the Automotive segment came in at nearly 118 billion euros, 5.9% below 2024. Approximately half of this decrease is due to negative currency effects. The remainder results mainly from global pricing pressure.

SLIDE: AUTOMOTIVE EBIT BRIDGE

Let’s look at the year-on-year Automotive EBIT result in detail, coming from our previous year’s earnings.

The net balance of currency and raw material positions resulted in a headwind of 600 million euros. Negative trends in FX outweighed the slight positive effects from raw materials, particularly in the second half of the year. This adverse FX development is expected to carry into the first half of the current year, mainly in Q1.

Compared to 2024, the net effect of volume, model mix and pricing weighed on Automotive EBIT by a total of 1.8 billion euros. The overall mix effect was positive, driven notably by a strong share from the mid-class including 5 Series growth as well as a record M performance. For the full year, pricing was a significant headwind of 2 billion euros.

In line with our planning, we continued to decrease operating costs in 2025. As planned, we reduced R&D expenses following the peak in 2024 – with a nearly 800-million-euro reduction year-on-year. SG&A savings represented 900 million euros, continuing the trend from the first nine months.

Other Cost Changes amounted to a headwind of 800 million euros. This development resulted from a few areas:

On the one hand, tariffs had a negative impact of approximately 1.5 percentage points on the Auto EBIT margin. In addition, a softening market on residual values weighed on earnings. They remained positive, but lower than the previous year.

On the other hand, warranty expenses were significantly lower year-on-year, as outlined at Q3. An additional positive effect came from a high three-digit million saving in manufacturing and material costs.

Overall, we reduced costs by 2.5 billion euros for the full year through our active steering of R&D, SG&A and manufacturing and material costs. Through this, we were able to offset all headwinds except a portion of the approximately 1.5 percentage point tariff burden, resulting in a net year-on-year decrease of 1 percentage point in EBIT.

In total, segment earnings in 2025 reached 6.3 billion euros.

The reported Automotive EBIT margin came in at 5.3%. Excluding the 1.3 billion euros depreciation resulting from the PPA of BMW Brilliance Automotive, the EBIT margin reached 6.4% for the year. And that still includes the headwind of approximately
1.5 percentage points from tariffs.

As you know, our focus is consistently on our reported figures. Due to different approaches in the industry, however, consideration of PPA and Tariff burden ensures better comparability of operational performance.

SLIDE: R&D EXPENDITURE

Looking at R&D and Capital Expenditure in detail:

We made early investments to implement our strategy, which we see as we look at R&D and CapEx development in 2025.

Group expenditure for research and development according to the German Commercial Code for the year amounted to 8.3 billion euros. This is a decrease of nearly 800 million euros, or 8% below the peak of 9.1 billion euros in 2024. This translates to an R&D ratio of 6.2%. Given the lower revenue, the ratio only declined slightly year-on-year.

SLIDE: GROUP CAPITAL EXPENDITURE

Group capital expenditure totalled 7.2 billion euros, a year-on-year decrease of over 1.8 billion euros from the peak of 9.1 billion in 2024 – or a 20% reduction. This resulted in a ratio of 5.4%. The capex ratio excluding right-of-use assets came in at 4.9%.

As promised, R&D and capital expenditure have already significantly decreased from their peak in financial year 2024. Despite the rollout of models of the NEUE KLASSE, we will maintain this trend going forward. This means in both absolute and relative terms, we’re heading back towards our strategic corridors, which are 4 to 5% for R&D and less than 5% for Capex – by 2027.

SLIDE: AUTOMOTIVE FCF BRIDGE

Moving to free cash flow:

Total segment earnings before tax amounted to 5.9 billion euros for the year.

Working Capital contributed positively with 900 million euros, mainly due to strict management of inventories.

The net effect from capital expenditure and depreciation reduced free cash flow by 2.3 billion euros.

Changes to provisions had a negative impact of 1.3 billion euros, mainly due to the utilization of warranty provisions.

Following the 2.7-billion-euro figure communicated at Q3, free cash flow developed positively in Q4 and reached 3.2 billion euros at year-end. This was in line with our expectations of above 2.5 billion euros for the year.

Our financial strength is further underscored by our Automotive net financial assets. At year end, this came in at over 44 billion euros.

SLIDE: FINANCIAL SERVICES SEGMENT

Let’s now turn to our Financial Services segment.

As a key component of our BMW ecosystem, the segment consistently contributes to Group profitability.

In 2025, new business developed positively throughout the year with nearly 1.73 million new financing and leasing contracts concluded. This represents growth of almost 2% year on year.

The increase is due in particular to the positive business development in Europe as well as the changed competitive environment in China in the second half of the year. Since the end of June, the market situation has been influenced by the significant reduction in commissions from local Chinese banks in connection with the brokering of financial and insurance products for end customers.

Penetration rates for lease and loan offerings increased by 4.0 percentage points to 46.6%.

Overall, new business volume at Financial Services reached an all-time high, growing by 2% to 65.8 billion euros, despite negative currency effects.

Segment earnings before tax reached 2.4 billion euros. The moderate decrease compared to 2024 is due to lower income from the resale of end-of-lease vehicles, as well as a tax payment related to changed assessments of operating taxes from previous years. Residual values remain positive, but lower than the previous year.

The credit loss ratio of 0.28% was within our expectations.

Return on Equity for the full year reached 14.3% and therefore within the guided target corridor of 13 to 16%.

SLIDE: DIVIDEND AND PAYOUT RATIO

Ladies and Gentlemen,

In 2025, the BMW Group achieved Group earnings before tax of 10.24 billion euros. Thanks to a stable year-on-year profit attributable to shareholders of BMW AG amounting to 7.29 billion euros, the Board of Management and the Supervisory Board will propose to the Annual General Meeting a total dividend payment of 2.67 billion euros.

The proposed dividend represents a payout ratio of 36.6%, which is consistent year-over-year and in the upper half of our strategic target range of 30 to 40%. This amounts to a dividend of 4.40 euros per share of ordinary stock and 4.42 euros per share of preferred stock.

Additionally, we completed the second share buyback program in early 2025 before starting the third program after the AGM in May. The total from both programs amounted to a payout of 1.25 billion euros in 2025. Our third share buyback program will run until April 2027. We are currently running the second tranche of this program – with a volume of 625 million euros for ordinary shares – that will be completed by August 31, 2026, at the latest. The third tranche is earmarked for after that.

For the financial year 2025, the total shareholder return of close to 4 billion euros – comprising the proposed dividend and share buyback – exceeds free cashflow in the Automotive segment. This further underscores our commitment to capital returns.

SLIDE: OUTLOOK 2026

That brings me to our outlook for the current financial year.

What are our expectations for 2026?

In Europe and the USA, we see some growth potential.

In China, we have responded to the market environment by taking a number of steps to stabilise transaction prices. Average sales figures over the past few months indicate that sales in China could reach last year's level.

Consequently, we forecast global deliveries of BMW, MINI and Rolls-Royce vehicles to be at previous year’s level. Due to model cycle effects as well as shifting regulatory and market dynamics, we also expect the share of fully electric vehicles to be at the same level as previous year.

Turning to Auto EBIT development: we continue to work diligently on reducing costs and will see tailwinds from reduced investments, lower manufacturing and material costs, declining R&D expenditure as well as reduced SG&A in the 2026 financial year. We anticipate a negative impact of approximately 1.25 percentage points from tariffs on the Auto EBIT margin – compared to the 1.5 in 2025.

Given the significant investments made into NEUE KLASSE in preceding years, we will see a material increase in depreciation and amortization from both capex and capitalized R&D. While we will continue to make significant reductions in R&D expenditure, the additional depreciation and a lower R&D capitalization ratio, which is expected in the 30% area, will result in a significant P&L burden. Other headwinds in 2026 include FX and raw materials; the measures taken in China to stabilize transaction prices; and, finally, lower income from used car remarketing.

The reductions we will achieve on the cost side will not fully offset these headwinds. We therefore expect an Auto EBIT margin in the corridor of 4 to 6% in 2026. The corresponding RoCE in the Automotive segment is forecast to be between 6 and 10%.

In the Financial Services segment, we again anticipate a Return on Equity of 13 to 16%.

Putting this all together, we expect Group Earnings before tax to be moderately lower than the strong result in 2025.

The full 2026 outlook for all key performance indicators is available in the BMW Group Report.

In addition, we expect a Free Cash Flow in the Automotive Segment at year-end of over 4.5 billion euros.

Ladies and Gentlemen,

For 2026, we will continue to systematically implement our strategic course, particularly with the launch of NEUE KLASSE product offensive and the rollout of its technologies across the portfolio. We will leverage flexibility in our global business model to tackle the challenging and dynamic operating environment.

At the same time, we will manage our operational business with continued focus on cost discipline. This will enable us to deliver financial results in line with our guidance and generate strong returns to shareholders.

Ladies and Gentlemen,

Let me pick back up on Oliver Zipse’s comments on sustainability and CO₂ emission reporting, before I hand back over to him.

For the BMW Group, we view sustainability holistically and as a competitive advantage. That is why we in our Annual Reporting disclose our sustainability performance fully to our investors and customers.

In line with our strategy and our commitment to the Paris Climate Agreement, the BMW Group considers the CO₂ emissions of vehicles – both for the new and existing fleet –over their entire life cycle: from raw material extraction and parts production to the manufacture of vehicles and across the use phase to end of life. We address all stages of the value chain with ambitious targets.

However, European CO₂ fleet emission regulations focus only on the use phase and do not recognize the full reduction potential along the entire value chain.

When it comes to reporting, emissions shown in sustainability statements do not always correlate to the actual generation of emissions of all vehicles on roads. For the 2025 financial year, the BMW Group reporting includes all vehicles sold in the year across their life cycle, including the CO₂ emissions from the supply chain for vehicles produced in the reporting year; from BMW Group production; from the assumed use phase of 200,000 kilometres for vehicles delivered in the reporting year based on the consumption mix of the reporting year; and from end-of-life disposal for vehicles produced in the reporting year.

However, the use phase emissions reported in line with European reporting frameworks do not consider all existing BMW Group vehicles still in use, but rather only those vehicles sold in the reported year.

This means that the European reporting framework neglects the reduction potential of the existing vehicle fleet. Here, there is significant leverage to quickly contribute to CO₂ reductions through use of eFuels and carbon neutral fuels such as HVO100. Immediate credit should be given – starting, for example, in 2027 – for the CO₂ reductions achieved using sustainable fuels, which should not be subject to limitations, such as caps on specific gram per kilometre values.

The European regulatory frameworks should reflect this holistic approach towards reducing overall emissions in the here and now – in both the new and existing vehicle fleet.

Because ultimately, every gram of CO₂ saved counts. That is what we at the BMW Group believe and what makes a true societal impact.

I’ll now hand back over to Oliver Zipse to provide additional strategic insights for 2026 and beyond.

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Annual Conference 2026

Thu, 12 Mar 2026 08:00:00 +0100

- Check against delivery –

Statement

Oliver Zipse

Chairman of the Board of Management of BMW AG

Annual Conference 2026

BMW Welt in Munich , 12 March 2026, 08.00 a.m.

Part I

Good morning, Ladies and Gentlemen,

2025 was, in many ways, a remarkable year for the BMW Group – above all, one that set our course for the future.

First:

We achieved a solid financial result, with Group earnings of more than 10 billion euros. Walter Mertl will provide more detail in just a moment.

Second:

We grew in 2025 – selling more vehicles than the previous year and expanding our leadership of the global premium segment.

Third:

Our technology-open strategy continued to demonstrate its strength. Demand for cars with combustion engines remained stable, while sales of our all-electric and electrified vehicles continued to grow.

Fourth:

Once again, through our own efforts, we significantly outperformed the EU’s CO₂ fleet targets for 2025.

And finally:

We successfully began the rollout of our NEUE KLASSE with the BMW iX3* – giving the BMW brand and the entire company crucial momentum for the future.

All of this shows: We deliver. Consistently. And continuously.

We have set the right course in recent years and do not need to change our strategic direction. In this way, we can keep the company on track for long-term success.

Standing here beside me is the new BMW iX3. This vehicle marks a pivotal moment in the BMW Group’s recent history: the series launch of our NEUE KLASSE.

Production of the iX3 has successfully ramped up at our new plant in Debrecen, Hungary. First customers have already received their vehicles. Since last week, the iX3 has been in European showrooms.

Demand for the iX3 is significantly exceeding our expectations, with strong orders from both private and fleet customers. We are also attracting many new customers who have never driven a BMW before.

Our order books for the iX3 are full and reach well into this year. We are exploiting the flexibility of our production and supplier network and increasing capacity in line with demand.

The NEUE KLASSE is a huge investment. Only a company that enjoys long-term economic success, like the BMW Group, can invest in its future on such a massive scale.

This success is built on three important parameters.

I like to call this the BMW Group’s strategic triangle.

First: Our balanced global positioning in sales and production.

Second: Our attractive product line-up across all brands, serving the entire premium segment.

And third: Our consistent strategic focus on technology openness.

I’ll talk about the last two points in the second part of my remarks, after Walter Mertl has spoken.

In 2025, we delivered around 2.46 million vehicles to customers worldwide – representing sales growth of 0.5 percent compared to the previous year.

This shows that our business model is robust and resilient.

In Europe, we increased our sales by more than seven percent – delivering more than one million vehicles to customers in Europe for the first time since before COVID.

We also made significant gains in the United States, with growth of five percent – even in a saturated market.

In our markets outside the main sales regions of Europe, the U.S. and China, we also posted growth despite the overall downward trend – with an increase of 3.4 percent over the previous year.

China remains our largest single market. However, due to the intense competitive market environment, our sales development fell short of our expectations for the year. Thanks to the strong overall performance in three of our four sales regions, we nevertheless achieved growth worldwide. This confirms the strength of our global footprint.

Our worldwide presence is a decisive competitive advantage.

All BMW Group brands contributed to our 2025 result.

Electrified models across all brands as well as the models from BMW M were the main growth drivers.

The BMW brand once again maintained its position as the global number one in its segment. Demand was particularly strong for core models like the X1, X3 and X5, as well as our 3 Series and 5 Series models.

BMW M continued its success story in impressive style in 2025 – increasing its sales for the 14th consecutive year.

With more than 213,000 vehicles delivered to customers, M reached a historic all-time high. The BMW M5* and M5 Touring* and the X3 M50* were the main drivers of this success.

This provides compelling proof of the enduring appeal and growing demand for top-level performance in the premium segment.

MINI achieved significant growth thanks to its new model family. Sales increased by nearly 18 percent compared to the previous year.

The main growth driver was the most versatile model in the line-up, the MINI Countryman+ – accounting for over 32 percent of the brand’s total volume.

MINI and electromobility are a perfect fit – and our customers clearly agree.

This is underscored by an impressive achievement in 2025: For the first time, the brand delivered more than 100,000 all-electric models to customers in a single year.

That’s more than one in every three MINIs delivered. In this way, MINI is making a major contribution to the electrification of the BMW Group.

At our ultra-luxury Rolls-Royce brand, the number of hand-built motor cars delivered to clients remained on the high level of the previous year.

The value and number of requests for highly individualised Bespoke continued to increase. The Home of Rolls-Royce at Goodwood is currently being modernised and expanded, to provide more space for both Bespoke and the marque’s pinnacle Coachbuild products.

BMW Motorrad confirmed its strong market position in the premium segment in the financial year 2025.

Despite a global decline in the total market for motorcycles above 500 cc, the brand delivered more than 200,000 vehicles for the fourth year in a row.

Most notably, the R 1300 GS and F 900 GS played a key role in BMW Motorrad’s market success in 2025.

Ladies and Gentlemen,

All of this shows that our multi-brand premium approach enables stability and growth.

Another major strength of our business model is our ability to meet diverse customer preferences, different regional requirements and technological developments in parallel.

Our electrified vehicles provide the clearest proof of this:

In 2025, we delivered more than 640,000 electrified vehicles to customers worldwide. That means they accounted for about 26 percent of our total sales – with all-electric vehicles making up around 18 percent.

Europe stands out, in particular, with electrified vehicles representing over 40 percent of sales. Plug-in hybrids were also in strong demand in 2025.

All of these factors make the BMW Group one of the leading providers of electromobility in the premium segment.

Thanks to our balanced mix of efficient drive technologies and growth in electrified vehicles, we once again outperformed the legal CO₂ requirements in the European Union.

Based on our preliminary internal calculations, we achieved fleet emissions of 90 grams of CO₂ per kilometre in Europe in 2025.

That once again places us well below the legal target – entirely through our own efforts. We do not need to rely on pooling with other manufacturers or averaging over several years.

This provides clear evidence that technology openness and effective climate protection are not mutually exclusive – but go hand in hand.

The BMW Group remains fully committed to the goals of the Paris Climate Agreement – while setting our own ambitious targets.

For example, by 2035, we aim to reduce our CO₂ emissions by at least 60 million tonnes compared to 2019 levels – and we intend to hold ourselves accountable to this target.

We are charting our own course – something that is more important now than ever before.

On the one hand, we see that regulatory frameworks in individual markets can be extremely volatile.

On the other, we are convinced that the EU experiment of mandating electrification will not deliver the desired results – to the contrary.

For this reason, we continue to pursue a long-term, holistic decarbonisation strategy.

We are committed to providing solutions not only for new vehicles, but also for the existing fleet on the roads – based on technology openness across the entire lifecycle of our vehicles.

And for this reason, we also integrate fuels such as HVO100 and advocate for 100 percent credit in CO₂ calculations. In addition, recognising and crediting green steel would strengthen the European steel industry and safeguard jobs in Europe. Using more recycled materials in new cars reduces our climate footprint – as demonstrated by our NEUE KLASSE.

A holistic approach strengthens European value chains, secures jobs and keeps the industry competitive. At the same time, it enables effective climate protection and real CO₂ reductions.

Companies should be free to provide solutions geared towards customer needs, while also investing in appropriate new technologies to meet the European Union’s climate goals.

As a global player, we stand for free trade and collaboration. We do not believe in protectionism, but rather in the power of innovation to compete on the global stage.

However, with the Industrial Accelerator Act, the EU Commission is continuing its protectionist course while not addressing home-made challenges like high energy prices.

One thing is clear: without international value chains, the ramp-up of electromobility and the development of powerful battery technologies are not feasible.

Labels such as “Made in the EU” or “Union origin” disadvantage European companies with global value chains if they do not recognize that each Euro spent in Europe counts the same for prosperity and jobs. No matter if the car stays in Europe or is exported.

Instead, the development of expertise and production for battery cell technologies in the EU should be promoted and effectively incentivized as fast as possible.

This year, together with policymakers, we must find realistic solutions that allow us to achieve our climate goals and to strengthen our economy and competitiveness.

Ladies and Gentlemen,

2025 was shaped by very different developments:
strong growth in Europe and the US, a much more challenging situation in China, rising competitive pressure and additional headwinds from tariffs.

Nevertheless, the BMW Group continues to deliver a stable performance.

Because we acted early. We adjusted our internal cost structures and maintained our strategic direction.

This combination of strong operating performance today and a clear long-term perspective is a crucial success factor for our company.

And that brings me back to the vehicle standing next to me.

The iX3 and the technologies of the NEUE KLASSE testify to our innovation and performance.

It underlines that we are “already ahead”.

Walter Mertl will explain in more detail how our strong operating performance is reflected in our financial figures.

We will then take a look at 2026, with more new products on the way.

Part II

Ladies and Gentlemen,

Looking ahead to this year and beyond, three key factors will be decisive:

First:
For our 2026 targets: the product line-up currently available, which we have built up gradually over the past few years.

Second:
For this year and the years to come: the rollout of additional NEUE KLASSE models and integration of its technologies across the entire product range.

And third:
The tech clusters of the NEUE KLASSE, which enable rapid advances and collaboration with leading tech players worldwide.

Let’s start with the first item:

The company’s current product portfolio across our BMW, MINI, Rolls-Royce and BMW Motorrad brands offers a range of premium options in all key segments.

From MINI, in the urban compact-car segment, to Rolls-Royce, in the ultra-luxury class.

At the beginning of this year, we added another highly exclusive dimension to our brand portfolio: BMW ALPINA.

The long-established BMW ALPINA brand embodies maximum performance and exceptional driving comfort, combined with unique options for individualisation.

This makes it an ideal addition to our existing product range in the segment for individual, highly customised vehicles.

In this way, we are tapping into a highly profitable segment with great growth potential, positioned above the BMW brand’s top models and below our Rolls-Royce luxury brand.

Overall, the BMW Group offers one of the industry’s most comprehensive and diverse premium portfolios.

A core strength of this line-up is our consistent focus on technology openness. We committed early to a market-driven mix of different drive technologies.

With this approach, the BMW Group continues to chart its own course – enabling us to systematically respond to the diverse requirements of markets and customers well into the future.

Because we chose this path early, making the necessary investments at the right time, we can now fully realise the market potential of our products.

Today, we offer battery-electric vehicles in all relevant segments. By the end of the year, we will have a total of 20 BEVs across all brands. This will further strengthen our competitive position.

At the same time, plug-in hybrids also remain important.

This is not just a “bridging technology” – for many people, in all regions of the world, they are the only way to integrate electric, locally emission-free mobility into their everyday lives.

Together with our range of highly efficient combustion engines, this approach provides maximum flexibility – ensuring that regional market opportunities can be consistently exploited.

This strong line-up lays the core foundation for the company’s business success in 2026 – and beyond.

At the same time – and that brings me to my second point – we are systematically building on our current advantage with the NEUE KLASSE.

With the release of the BMW iX3, the market launch of the NEUE KLASSE has just begun.

But this is only the start.

Additional all-electric models with the new design and innovations of the NEUE KLASSE will follow.

Another notable highlight will be unveiled next week, when we present the BMW i3, the first variant of the next generation of the BMW 3 Series.

The new i3 brings our NEUE KLASSE right into the heart of the BMW brand.

Prepare to be amazed by what the technologies of the NEUE KLASSE can do in a vehicle like the 3 Series. It is fair to say that they take “Sheer Driving Pleasure” to a whole new level.

Here’s a sneak preview of what we will be unveiling
next week.

Ladies and Gentlemen,

I’m looking forward to presenting this incredible car to our BMW fans worldwide next week.

After that, we will meet again at Auto China in Beijing, to introduce the Chinese version of the iX3 as the next NEUE KLASSE model.

We developed this vehicle exclusively for China, together with our local R&D team in the market.

By doing so we ensured that the product meets the specific wishes and needs of our Chinese customers.

The result: The most Chinese car we have ever built.

Initial feedback from the local media has been overwhelmingly positive – with praise, in particular, for its driving characteristics. The China-specific digital features have also been very well received.

In 2027, BMW M will usher in a new era in the high‑performance segment – with the first all-electric M vehicle with racetrack capabilities, based on the NEUE KLASSE.

Alongside development of the NEUE KLASSE, we have also created the essential conditions for a rapid ramp-up within our supplier and production network.

Production of the iX3 has successfully begun at our new plant in Debrecen.

We will start production of the new BMW i3 at our main plant here in Munich in the second half of the year. To do so, we have completely modernised the plant during ongoing operations.

From late 2027, we will build only electric vehicles in Munich.

Production of high-voltage batteries will also begin at our new plant in Irlbach-Straßkirchen in the second half of the year. This facility will supply our plants in Germany with our sixth-generation high-voltage batteries.

Our plant cluster in Shenyang, China, is also ready to build the NEUE KLASSE in China, for China.

At our largest plant, in Spartanburg in the U.S., we are systematically modernising the production system for the technologies of the NEUE KLASSE. This also includes the new high-voltage battery assembly facility in nearby Woodruff.

Across all plants in our production network, we are creating the necessary conditions to implement the technologies of the NEUE KLASSE as quickly as possible in all BMW models.

Between now and 2027 alone, we will bring more than 40 new or updated models to market.

Each of them will benefit from the technologies of the NEUE KLASSE – always tailored to concept requirements and independent of the drive technology.

The best example of this is the next generation of our BMW X5. This summer, we will officially unveil the successor to our current model.

The X5 will be the first BMW model to be offered with five different drivetrain variants: with highly efficient conventional drives, as a plug-in hybrid, battery-electric and – from 2028 – also powered by hydrogen.

In this way, we are laying the foundation to successfully meet the diverse requirements and customer needs around the world, both today and in the future.

Shortly before that, at the Beijing show, we will be showcasing the first model update to feature technologies from the NEUE KLASSE: the BMW 7 Series.

The result is an almost completely new vehicle. We are taking full advantage of the new possibilities from NEUE KLASSE technologies and raising our luxury sedan to a whole new level in terms of both appearance and technology.

That brings me to my third point:
the technology clusters of the NEUE KLASSE and their potential.

With the technology clusters developed specifically for the NEUE KLASSE and our modular approach to technology, we can integrate market-specific functionalities and content into our vehicles.

At the same time, we are strengthening our R&D capabilities to enable us to respond more quickly and flexibly to local customer needs and provide appropriate solutions.

In our key sales regions, we have already implemented numerous features in collaboration with leading local partners.

For example, in the Chinese market, we are working with Alibaba Banma to establish the next generation of intuitive in-car voice control.

In China, the BMW Intelligent Personal Assistant is also being expanded to include DeepSeek functionality.

In most markets, including Europe, we will be integrating Alexa+ as the centrepiece of our BMW Intelligent Personal Assistant.

Thanks to the advanced Large Language Model technology of Amazon Alexa+, our customers now benefit from an even smarter, more connected and highly personalised voice assistant.

With our driver assistance systems, we continue delivering the best-possible customer experience in each region – tailored to local requirements.

To achieve this, we work closely with selected partners.
Our guiding principle remains the same: We always strive for smart, symbiotic and safe solutions.

Last summer, we launched a new cooperation in China with Momenta. A leading local provider of ADAS technology. Outside China, we are collaborating with the American company Qualcomm.

Both collaborations focus on the co-development and integration of software that adapts to different road conditions, traffic scenarios and user needs – relying on state-of-the-art AI algorithms and data-driven methods.

These examples highlight the extraordinary flexibility and scalability of our tech clusters.

With the software-defined NEUE KLASSE, we maintain control over all systems and can deploy them simultaneously worldwide.

We are also able to rapidly integrate local technology stacks, giving our customers access to their preferred innovations and features.

Continuous over-the-air updates ensure that our vehicle software is always up to date. All functionalities are improved on an ongoing basis to permanently enhance the customer experience.

Ladies and Gentlemen,

As you can see, the BMW Group remains successful and highly innovative. Our current product range is one of the broadest and most attractive line-ups in the premium segment worldwide.

With the NEUE KLASSE and its technologies, we have secured a significant competitive advantage. We will leverage these strengths to drive our economic success.

However, it is also clear that our world remains unstable, and numerous risks will persist in the current financial year.

We meet these challenges with strategic consistency and with market- and opportunity-driven vision.

Our global footprint – in sales, research and development, and production – provides us with the foundation to mitigate uncertainties and respond flexibly to unforeseen events.

We will continue to build on these strengths in 2026 and in the years to come.

Thank you very much.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂-emissions combined: 0 g/km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW Group Report 2025

Thu, 12 Mar 2026 07:31:00 +0100

Attached please find the BMW Group Report 2025.

The BMW Group Annual Conference will be held on 12 March 2026 at 08:00 am (CET).
The event will be broadcast on our website https://www.bmwgroup.com/en/investor-relations/company-reports.html.

The online version of the BMW Group Report 2025 can be explored here: https://www.bmwgroup.com/en/report/2025/index.html

Press Contact: Manuela Heumann
Tel: +49-89-382-24660
E-mail: manuela.heumann@bmw.de

Stable Group earnings thanks to consistent strategy: BMW Group on track

Thu, 12 Mar 2026 07:30:00 +0100

Munich. Consistency and resilience: The BMW Group maintained its course in 2025, despite substantial headwinds. Thanks to its attractive model line-up across all drive technologies, its growing and globally balanced business model and disciplined cost management, the BMW Group once again achieved Group earnings before tax of over € 10 billion. Despite significant additional tariff headwinds, the company reported a stable Group EBT margin of 7.7%
(2024: 7.7%). As in the previous year, Group net profit totalled more than € 7 billion, laying the foundation for a proposed dividend payment in line with the 2024 figure.

“Strategic vision, strong operating performance and high reliability have always been hallmarks of the BMW Group. We set our course for the company’s future success early on, relying on three strong pillars: our technology-neutral approach, our extensive global footprint and our inspiring brands and products,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. “Over the past years, we have adopted the right strategic positioning. We are benefiting from that today: In a challenging environment, we do not need to change direction but can maintain our course and continue implementing our strategy systematically.”

Technology-neutral approach as key success factor in global competition

The diversity of its product range remains a key success factor for the BMW Group: With a broad drive train portfolio spanning internal combustion engines, plug-in hybrids, battery-electric drive trains and, from 2028, hydrogen fuel cells, the company is laying the foundation to meet globally diverse requirements and customer needs, both today and in the future.

At the same time, this approach is also key to effective CO₂ reduction: In 2025, the company slightly overfulfilled the ambitious targets of the European Union (EU 27+2), with fleet emissions of 90 grams per kilometre – without relying on instruments such as pooling or temporal staggering. This underlines once again how a technology-neutral approach and climate protection go hand in hand at the BMW Group.

Battery-electric vehicles (BEVs) remain growth driver for BMW Group

In financial year 2025, the BMW Group increased its BEV sales worldwide to 442,056 units (+3.6%), representing 17.9% of its total sales. This means that one in six BMW Group vehicles sold was fully electric. At MINI, the percentage was even higher, with one in three vehicles already fully electric.

Plug-in hybrids (PHEVs) also remain an essential component of the technology-neutral approach and the electrification of the model range: In total, the BMW Group delivered 642,071 electrified vehicles, including plug-in hybrids (PHEVs and BEVs) in 2025, meaning that one in four vehicles was electrified. In Europe, the proportion was even higher, where 40 percent of BMW Group vehicles were either fully electric or plug-in hybrids.

2026 electrification milestone: Two million BEVs delivered to customers

In 2025, the BMW Group reached two major electrification milestones since the debut of the BMW i3 and BMW i8 in 2013: In June, the 1.5-millionth fully-electric vehicle was handed over to its new owner. This was followed in August by the three-millionth electrified vehicle. The next milestone will come this year, with the two-millionth fully-electric vehicle.

“With our wide range of electrified vehicles, we have secured ourselves a strong competitive position. We remain true to our role as pioneers and continue to expand our BEV line-up: By the end of this year, we will offer our customers 20 fully-electric cars,” said Zipse.

Strong brands and attractive product line-up with diverse drive train portfolio

With 2,463,681 premium vehicles delivered to customers in financial year 2025, BMW Group sales reached the same high level as in 2024 (2024: 2,450,854 units; +0.5%). Thanks to its globally balanced footprint, the company was able to offset its decline in sales in China (-12.5%) with gains in other regions, reporting solid growth in Europe (+7.3%) and the Americas (+5.6%).

The main growth drivers included the BMW 5 Series, with sales up by more than a quarter, and the compact BMW X2, which rose by 33%. For the 14th consecutive year, BMW M GmbH deliveries reached a new all-time sales high of 213,449 units (2024: 206,587 units; +3.3%), with the BMW M2 Coupé* and the M3* family as the best-selling models. For the first time, one in ten BMWs delivered was a BMW M model. On the fully-electric side, the BMW i5*, BMW iX2* and BMW iX1* models all saw significant growth.

In 2025, the top-selling model in the rapidly growing MINI family, with a total of 288,278 deliveries (2024: 244,925 units; +17.7%), was the MINI Countryman*. The MINI Aceman*, the new MINI Convertible* and the fully-electric MINI Cooper* models led the MINI brand to significant growth. With more than 105,000 BEVs delivered to customers, fully-electric vehicles accounted for over 36% of sales.

The Rolls-Royce luxury brand matched the level of the previous year, with 5,664 deliveries (2024: 5,712 units; -0.8%). The Rolls-Royce Cullinan and fully-electric Spectre models were the most in demand.

BMW Group meets 2025 targets

As projected, the BMW Group achieved its business objectives for 2025. Thanks to its attractive line-up, the BMW Group reported revenues of € 133,453 million for the full year (2024: € 142,380 million; -6.3%; adjusted for currency translation
effects: -3.9%). This reflects the intense competition in the automotive sector, particularly in China. Furthermore, negative currency translation effects, primarily from the US dollar, Korean won and Chinese renminbi, also had an impact.

Lower R&D spending and capital expenditure as planned

As previously announced, the BMW Group’s investments in the future have declined from their peak: Research and development spending totalled € 8,319 million in 2025 – a moderate decrease from the previous year (2024: €9,078 million; -8.4%). Expenditure for research and development is largely focused on digitalisation and electrification of the vehicle fleet across all model series. It also includes spending for the development of NEUE KLASSE models, such as the BMW iX3* and the successor models to the BMW X5 and BMW 7 Series. The R&D ratio for the full year decreased to 6.2% (2024: 6.4%). As planned, capital expenditure for the full year also declined significantly to € 7,237 million (2024: € 9,056 million; -20.1%), with a capex ratio of 5.4%.

The BMW Group was also able to reduce sales and administrative expenses in line with forecasts, lowering costs by 6.1% to € 10,606 million (2024: € 11,296 million).

“Our disciplined active cost management strengthened our performance in 2025: Compared with the previous year, as promised, we were able to streamline our cost structures in line with planning, by reducing R&D expenditure, sales and administrative expenses as well as manufacturing and material costs. A total reduction in expenses of € 2.5 billion has benefited our profitability. We will continue systematically lowering costs this year, in line with our planning," said Walter Mertl, member of the Board of Management responsible for Finance.

Group EBT margin in line with previous year

In 2025, despite significant tariff headwinds, the BMW Group once again achieved Group earnings before tax (EBT) of more than € 10 billion (€ 10,236 million; 2024: € 10,971 million; -6.7%). The Group EBT margin of 7.7% (2024: 7.7%) was on a par with the previous year. Group net profit once again exceeded € 7 billion, at € 7,451 million (2024: € 7,678 million; -3.0%).

Automotive EBIT margin within target range of 5 to 7%

Automotive Segment earnings before financial result (EBIT) totalled € 6,259 million (2024: € 7,893 million; -20.7%). The EBIT margin of 5.3% (2024: 6.3%) was within the target range of 5 to 7%, as forecast in March 2025. Excluding depreciation and amortisation for BBA assets from the purchase price allocation, the EBIT margin was 6.4%. As forecast, the additional impact of tariffs in 2025 lowered the margin by approx. 1.5 percentage points.

The Automotive Segment’s free cash flow for the full year totalled € 3,240 million (2024: € 4,852 million). Cash inflows from operating activities decreased year-on-year, partially offsetting the lower investment activity. Due to the reduction in inventories, working capital also had a positive effect on the segment’s cash inflows. The segment’s free cash flow is projected to exceed € 4.5 billion in 2026.

The Financial Services Segment reported a slight increase in the number of new credit financing and leasing contracts in 2025. This was primarily driven by positive business development in Europe and an improvement in the Chinese competitive environment in the second half of the year, after local banks substantially reduced their commission rates for brokering of financial and insurance products to retail customers.

As a consequence, the segment’s volume of new business also increased slightly, despite negative currency translation effects, reaching € 65,818 million for the full year (2024: € 64,519 million/+2.0%). The penetration rate, the percentage of new BMW Group vehicles leased or financed by the Financial Services Segment, climbed to 46.6% duringthe reporting year (2024: 42.6%/+4.0 percentage points).

Segment profit before tax (PBT) for the full year 2025 amounted to
€ 2,401 million (2024: € 2,538 million/-5.4%). The decrease was primarily due to lower income from the sale of lease returns and a tax arrears payment required as a result of a revised operational tax assessment relating to previous years.

Dividend payout and payout ratio in line with previous year

The BMW Group ensures that its shareholders consistently benefit from the company’s success. Its sustainable dividend policy offers shareholders a reliable return on investment.

“In 2025, the BMW Group achieved a stable EBT margin of 7.7%, with pre-tax earnings once again exceeding € 10 billion. Thanks to a stable year-on-year profit attributable to shareholders of BMW AG, we are proposing a total dividend payment of € 2,672 billion, comparable to the previous year, with a stable payout ratio of 36.6%,” said Mertl.

The payout ratio is thus at the high end of the target range of 30-40% of net profit attributable to the shareholders of BMW AG.

As of 31 December 2025, BMW AG held 8,682,146 shares, with a nominal value of
€ 8,682,146. This is equivalent to 1.41% of the share capital as of 31 December 2025.

At this year’s Annual General Meeting on 13 May 2026, the Board of Management and Supervisory Board will propose a dividend of € 4. 40 per share of common stock (2024: € 4.30) and € 4.42 per share of preferred stock (2024: € 4.32). Furthermore, at a separate meeting of preferred shareholders held on same day, the Board of Management and Supervisory Board will propose the 1:1 conversion of all shares of preferred stock into common stock with voting rights, without any additional payment obligation.

NEUE KLASSE ramp-up begins in 2026

During the current financial year, the ramp-up of the NEUE KLASSE will gain speed, starting out with two models at the heart of the BMW brand: Since its world premiere at the International Motor Show (IAA) in September 2025, the fully-electric BMW iX3 has seen extremely strong demand – among pre-ordered fully-electric BMW vehicles in Europe, one in three orders is for a BMW iX3. Due to the high demand, the plant in Debrecen, Hungary, is already operating in two shifts. The second NEUE KLASSE model – the fully-electric BMW i3– will celebrate its design premiere next week in Munich.

“With the successful launch of the NEUE KLASSE, we demonstrated in 2025 that we are leading the BMW brand into the future, with new technology clusters and a fresh design language. The extraordinarily high demand for the first model, the BMW iX3, proves that pioneering spirit, innovation and courage deliver results,” said Zipse. “We will maintain the high pace of our innovation rollout as we introduce the technologies of the NEUE KLASSE across our entire portfolio: Between now and 2027, we will present more than 40 new or updated models. These will also include the BMW 3 Series and BMW X5: two all-new models in two of our key segments, offered with all drive train variants. In this way, we are ushering in a new era of technology neutrality at the BMW Group.”

Forecast for financial year 2026

The BMW Group anticipates the following developments during financial year 2026: Given the current economic outlook for 2026, the global automotive markets are expected to develop in a stable manner. The company anticipates growth potential overall for Europe and the USA. Based on the average sales volume of recent months, sales in China are expected to remain approximately at the previous year's level.
Globally, the company forecasts that deliveries will be on a par with the previous year and that fully-electric vehicles will account for the same share of sales as last year.

For financial year 2026, the BMW Group assumes that headwinds from higher tariffs will further impact the EBIT margin in the Automotive Segment by about 1.25 percentage points. Mitigation measures have already been considered.

Regarding forecast values: In addition to the aforementioned tariff-related burdens, the EBIT of the Automotive Segment will be impacted year‑on‑year by higher negative effects from currencies and raw materials, by rising depreciation and a significantly lower capitalization rate, as well as by overall lower revenues resulting from the declining used‑car market. In China, the price and product measures adopted to stabilize transaction prices will have a negative year‑on‑year effect, particularly in the first half of the year.
The planned cost reductions in capital expenditure, material and manufacturing costs, in research and development activities, as well as in selling and administrative expenses will partially offset these burdens.

The EBIT margin for the Automotive Segment is therefore forecast to be within the range of 4 to 6%. RoCE should be between 6 to 10%.

In the Financial Services Segment, RoE is projected to be between 13 to 16%. A further decline in the used car markets and lower income from the resale of end-of-lease vehicles compared to 2025 are anticipated.

In the Motorcycles Segment, deliveries are forecast to be on a par with the previous year, with an EBIT margin within the range of 4.0 to 6.0% and a RoCE of 10 to 14%.

In light of the forecast developments, a moderate decline in Group earnings before tax is expected for 2026.

The BMW Group’s actual business performance may deviate from these expectations – for example, due to changes in political and macroeconomic conditions.

Proposal for the election of a Supervisory Board member

The Supervisory Board will propose to the Annual General Meeting that Dr Christian Bruch, Chief Executive Officer of Siemens Energy AG, be newly elected to the Supervisory Board for a term of four years.

* * *

The BMW Group Report 2025 will be published on 12 March 2026 at 7:30 a.m. (CET) at https://www.bmwgroup.com/de/investor-relations/unternehmensberichte.html. The BMW Group Annual Conference taking place on 12 March 2026 as virtual event can be watched live in the internet from 8:00 a.m. (CET) at: https://www.live.bmwgroup.com/en/live-streaming/, followed by the livestream of the journalist Q+A at the Annual Conference from 9:00-10:00 a.m. From 11:00 a.m.-12:00 p.m. will follow the livestream of the Investor Relations Q+A with analysts at https://www.bmwgroup.com/en/investor-relations/annual-conferences.html.

The BMW Group – an overview: GJ 2025		YTD Q4 2025	YTD Q4 2024	Change in %
Deliveries to customers
Automotive¹	units	2,463,681	2,450,854	+0.5
thereof: BMW	units	2,169,739	2,200,217	-1.4
MINI	units	288,278	244,925	17.7
Rolls-Royce	units	5,664	5,712	-0.8
Motorcycles	units	202,563	210,385	-3.7

Employees (as of 31 Dec. 2025)		154,540
EBIT margin Automotive Segment	percent	5.3%	6.3%	-1.0 %-point
EBIT margin Motorcycles Segment	percent	5.7%	6.1%	-0.4 %-point
EBT margin BMW Group²	percent	7.7%	7.7%	-

Revenues	€ million	133,453	142,380	-6.3
thereof: Automotive	€ million	117,557	124,917	-5.9
Motorcycles	€ million	3,143	3,220	-2.4
Financial Services	€ million	39,806	38,562	3.2
Other Entities	€ million	12	14	-14.3
Eliminations	€ million	-27,065	-24,333	-11.2

Profit before financial result (EBIT)	€ million	10,186	11,509	-11.5
thereof: Automotive	€ million	6,259	7,893	-20.7
Motorcycles	€ million	178	198	-10.1
Financial Services	€ million	2,411	2,511	-4.0
Other Entities	€ million	0	-25	-
Eliminations	€ million	1,338	932	43.6

Profit before tax (EBT)	€ million	10,236	10,971	-6.7
thereof: Automotive	€ million	5,945	7,544	-21.2
Motorcycles	€ million	174	198	-12.1
Financial Services	€ million	2,401	2,538	-5.4
Other Entities	€ million	1,087	837	29.9
Eliminations	€ million	629	-146	-

Group income taxes	€ million	-2,785	-3,293	-15.4
Net profit	€ million	7,451	7,678	-3.0
Earnings per share of common stock	€	11.89	11.62	2.3
Earnings per share of preferred stock³	€	11.91	11.64	2.3
¹ Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang.
²Ratio of Group earnings before taxes to Group revenues.
³ Common/preferred shares. Earnings per share of preferred stock are calculated by distributing the earnings required to cover the additional dividend of € 0.02 per preferred share proportionally over the quarters of the corresponding financial year.

The BMW Group – an overview: IN Q4 2025		IN Q4 2025	IN Q4 2024	Change in %
Deliveries to customers
Automotive¹	units	667,947	696,697	-4.1
thereof: BMW	units	584,357	616,714	-5.2
MINI	units	82,026	78,241	4.8
Rolls-Royce	units	1,564	1,742	-10.2
Motorcycles	units	43,407	46,969	-7.6

Employees (as of 31 Dec. 2025)		154,540
EBIT margin Automotive Segment	percent	3.7%	5.5%	-1.8 %-points
EBIT margin Motorcycles Segment	percent	-15.1%	-6.8%	-8.3 %-points
EBT margin BMW Group²	percent	6.5%	5.8%	0.7 %-point

Revenues	€ million	33,454	36,416	-8.1
thereof: Automotive	€ million	30,393	34,054	-10.8
Motorcycles	€ million	621	657	-5.5
Financial Services	€ million	10,095	9,964	1.3
Other Entities	€ million	3	4	-25.0
Eliminations	€ million	-7,658	-8,263	7.3

Profit before financial result (EBIT)	€ million	2,122	1,882	12.8
thereof: Automotive	€ million	1,139	1,865	-38.9
Motorcycles	€ million	-94	-45	-
Financial Services	€ million	544	312	74.4
Other Entities	€ million	9	-12	-
Eliminations	€ million	524	-238	-

Profit before tax (EBT)	€ million	2,180	2,110	3.3
thereof: Automotive	€ million	1,040	1,781	-41.6
Motorcycles	€ million	-96	-46	-
Financial Services	€ million	565	392	44.1
Other Entities	€ million	315	458	-31.2
Eliminations	€ million	356	-475	-

Group income taxes	€ million	-441	-564	-21.8
Net profit	€ million	1,739	1,546	12.5
Earnings per share of common stock	€	2.92	2.41	21.2
Earnings per share of preferred stock³	€	2.93	2.42	21.1
¹Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang.
²Ratio of Group earnings before taxes to Group revenues.
³ Common/preferred shares. Earnings per share of preferred stock are calculated by distributing the earnings required to cover the additional dividend of € 0.02 per preferred share proportionally over the quarters of the corresponding financial year.

GLOSSARY – explanatory comments on key performance indicators

Deliveries to customers

Payout ratio

EBIT

Profit before financial result. Profit before financial result comprises revenues less cost of sales, less selling and administrative expenses and plus/minus net other operating income and expenses.

EBIT margin

Profit/loss before financial result as a percentage of revenues.

EBT

EBIT plus financial result.

PHEV

Plug-in-hybrid electric vehicle - hybrid vehicle with petrol engine and electric drive.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Sebastian Keßler, Communications BMW Group, Strategy

Telephone: +49 89 382-21616

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

In 2025, the BMW Group sold 2.46 million passenger vehicles and more than 202,500 motorcycles worldwide. The profit before tax in the financial year 2025 was € 10.2 billion on revenues amounting to € 133,5 billion. As of 31 December 2025, the BMW Group had a workforce of 154,540 employees.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW M2 CS Coupé: energy consumption combined: 10 l/100 km (WLTP); CO₂ emissions combined: 226 g/km (WLTP); CO₂ class: G

BMW i5 eDrive40 Limousine: energy consumption combined: 17,9 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electrical range: 513–627 km (WLTP)

BMW iX2 xDrive30: energy consumption combined: 16,6–16,4 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); electrical range: 446–479 km (WLTP); CO₂ class: A

BMW iX1 xDrive30: energy consumption combined: 17,2–17,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A; electrical range: 430–468 km (WLTP)

MINI Countryman C: WLTP energy consumption combined: 6,2 l/100 km; CO₂ emissions combined: 141 g/km; CO₂ class: E

MINI JCW Aceman: electric range (WLTP): 345 – 355 km; energy consumption combined (WLTP): 16,4 kWh/100 km; CO₂ emissions combined: 0 g/km; CO₂ class: A

MINI Cooper S Convertible: WLTP energy consumption combined: 6,9 l/100 km; WLTP CO₂ emissions combined: 156 g/km; CO₂ class: F

MINI Cooper SE: WLTP energy consumption combined: 14,7 kWh/100 km; WLTP CO₂ emissions combined: 0 g/km; CO₂ class: A; WLTP electrical range: 385-400 km

Rolls-Royce Cullinan: WLTP (combined) CO₂ emission: 380-363 g/km; Fuel consumption: 16.8-17.7 mpg / 16.8-16.0 l/100km; CO₂ class: G

Rolls-Royce Spectre: WLTP (combined): energy consumption 23,6–22,2 kWh/100 km; electrical range 530 km; CO₂ emissions: 0 g/km; CO₂ class: A

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); electrical range: 678–805 km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Spotlight on BMW Welt in 2026.

Mon, 23 Feb 2026 12:10:00 +0100

Munich. BMW Welt has firmly established itself as an integral part of Munich’s cityscape, as well as the cultural and events scene in the Bavarian capital and beyond. 25 years ago, planning began for what would become one of Bavaria’s most-visited attractions. BMW Welt is not only known for its award-winning, futuristic architecture, but above all, for the opportunity to experience the BMW Group brands up close.

Planning got underway in 2001, expecting 850,000 visitors per year. Today, BMW Welt welcomes more than 2 million visitors annually. This number includes customers from all over Germany who come to collect their vehicles – more than 280,000 to date.

BMW Welt offers a one-of-a-kind experience worldwide: In addition to vehicle collection, visitors can explore the latest models from BMW, BMW M, MINI, BMW Motorrad and Rolls-Royce Motor Cars through a range of displays, with the option of individual product consultations, as well as guided tours for car and architecture enthusiasts – complemented by the culinary diversity of its four restaurants and bistros, including the new fine-dining restaurant THE CLOUD by Käfer.

The architect behind BMW Welt, Prof Wolf D. Prix, was a student of Karl Schwanzer, the man who designed the BMW Four-Cylinder building. Prix and his team from Coop Himmelb(l)au, comprising a total of 120 architects, concealed 1,200 rooms within BMW Welt. BMW Welt’s spectacular event spaces are also available for reservation. The BMW Welt Auditorium is home to Munich's second-largest stage after the opera house. Each year, BMW Welt hosts 400 events, including the Bavarian Sports Prize and the Blauer Panther TV & Streaming Award. More interesting facts and figures can be found in the press information sheet available for download.

If you have any questions, please contact:

BMW Group Corporate Communications

Lisa Meindl, Spokesperson BMW Museum and BMW Welt
Telephone: +49-89-382-31668
Email: lisa.meindl@bmw.de

Simone Bauer-Linster, Communications BMW Welt

Telephone: +49 151 601 414 52

Email: Simone.Bauer-Linster@bmw.de

Internet: https://newsroom.bmwgroup.com/global/en

E-Mail: presse@bmwgroup.com

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales network in more than 140 countries.

In 2024, the BMW Group sold over 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2023 was € 17.1 billion on revenues amounting to € 155.5 billion. As of 31 December 2023, the BMW Group had a workforce of 154,950 employees.

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Simone Bauer-Linster
Tel: +49-151-601-41452
E-mail: simone.bauer-linster@bmw.de

Personnel changes in BMW Group's Sales and Marketing division

Fri, 30 Jan 2026 15:04:20 +0100

Munich. The BMW Group has announced the following personnel changes within its Sales and Marketing division:

Christian Ach, who currently leads market operations in Germany, will take on the role of President and CEO of BMW Group Region China, effective 1 April 2026. In this key position, he will be responsible for coordinating and overseeing a wide range of market activities in China. Ach brings extensive experience in managing core BMW AG sales markets to his new area of responsibility. He began his career at the BMW sales branch in Munich in 1998 and has since held various positions within the BMW Group sales organisation. From 2010 to 2018, he managed MINI in Germany. From 2018 to 2021, Ach served as head of Sales for BMW Germany; from 2021, he was responsible for the Northern Europe sales region, which includes Sweden, Norway, Denmark and Finland. As of 1 March 2024, Ach became CEO of BMW for Germany.

Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales: “Under Christian’s leadership, the German market has performed exceptionally well. In addition to profitable sales growth and a clear expansion of our position as the segment leader, the German market has also seen very strong growth in sales of electrified vehicles. Today, one in five BMWs sold in Germany is fully electric. I firmly believe that, with his years of experience and proven sales expertise, Christian will make a decisive contribution to the Chinese market, which is so important to us.”

Effective 1 April, Christian Ach will be succeeded by Tim Beltermann, currently Head of BMW Sales to End Customers, German market. Beltermann, who joined the company over 20 years ago, brings a wealth of experience from his roles at the BMW branches, BMW Bank, Alphabet and various managerial positions at the sales headquarters for the German market. Since 2019, Beltermann has overseen BMW sales to end customers and held other comprehensive in-house responsibilities in sales management and retail network development.

Maru Escobedo, currently President and CEO of BMW Group Brazil, will take on the role of President and CEO of the Latin America region, effective 1 March 2026. Previously, Maru Escobedo was responsible for the Mexican market and has many years of experience in sales operations. She will succeed Reiner Braun, who will prepare for a new role starting March 1, 2026. Reiner Braun is an experienced executive within the BMW Group, having held previous leadership positions in Canada, China, and the Middle East, where he was mainly active in sales, marketing, and MINI.

Sean Green, the current President and CEO of BMW Group Region China, will assume a new important role within the company after more than 10 years in the Chinese market.

“I would like to express my sincere thanks to Sean Green for his many years of personal commitment and his important contributions to the Chinese market. I would also like to thank all other previous incumbents for their successful achievements and wish them every success in their future endeavours,” said Goller. “With these new appointments, we are consistently developing our global sales regions and thus making a significant contribution to the sustainable success of the BMW Group.”

BMW Group Corporate Communications

Dr Sina Unger, Communications Sales

Telephone: +49 89 382-47564

Carolin Bachmann, Communications Sales

Telephone: +49 89 382-38801

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

In 2024, the BMW Group sold over 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2024 was € 11.0 billion on revenues amounting to € 142.4 billion. As of 31 December 2024, the BMW Group had a workforce of 159,104 employees.

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Carolin Bachmann
Tel: +49-151-601-38801
E-mail: carolin.bachmann@bmw.de

BMW Group once again reduces EU CO2 fleet-wide emissions in 2025

Thu, 29 Jan 2026 10:00:00 +0100

Munich. The BMW Group once again reduced the CO₂ emissions of its vehicle fleet sold in the European Union (EU27+2: EU, Norway, Iceland) in financial year 2025. Based on preliminary internal calculations, the figure came in at 90.0 grams per kilometre according to WLTP (2024: 99.5 grams per kilometre). This represents a reduction of approximately 9.5% in these emissions compared to 2024.

The applicable fleet target limit for the BMW Group set by the European Union (EU27+2: EU, Norway, Iceland) stood at 92.9 grams in 2025. The company was thus able to outperform this target by 2.9 grams.

“We once again overfulfilled Europe's ambitious CO₂ targets in 2025 – without relying on flexibility mechanisms or pooling. This underlines that our technology-neutral approach and systematic CO₂ reduction are not contradictory but go hand in hand. The decisive factor is the efficiency of all the drive technologies we offer our customers,” said Oliver Zipse, Chairman of the Board of Management of BMW AG.

The continuing electrification of the BMW Group was a key driver in reducing its fleet-wide emissions last year. In 2025, the company delivered more than 316,000 electrified vehicles to customers in the European Union (EU27+2: EU, Norway, Iceland). The share of BMW Group sales represented by electrified vehicles in the European Union (EU27+2: EU, Norway, Iceland) rose to 41.1% last year.

In 2025, the BMW Group sold over 202,000 fully electric vehicles in the European Union (EU27+2: EU, Norway, Iceland). This represented around 26.3% of total sales volume in this region.

This provides a strong starting point for the BMW iX3, the first production model of the Neue Klasse, which will expand the BMW Group’s product line-up from 2026.

The reduction of fleet-wide emissions supports the BMW Group's long-term climate goals. In this way, the BMW Group is pursuing a holistic decarbonisation strategy across the entire lifecycle, with the aim of reaching “net zero” no later than 2050. This represents a firm commitment by the company to the goals of the Paris Climate Agreement. By 2035, it plans to reduce its CO₂e emissions by at least 60 million tonnes compared with 2019 levels.

“Every tonne of CO2 we can avoid counts. That is why we have adopted a holistic development approach to decarbonisation that goes far beyond fleet emissions. We are reducing CO2 across the entire lifecycle of our vehicles – from the supply chain to production and throughout their operation,” explains Joachim Post, member of the Board of Management of BMW AG, Development.

The delivery figures reported in this press release are provisional and may change up until the BMW Group Report 2025 is published. Notes on how delivery figures are prepared can be found in the BMW Group Report 2024 on p. 427.

CO2 EMISSIONS & CONSUMPTION.

BMW i4 eDrive40 (WLTP combined (EnVKV): energy consumption 17.8 kWh/100 km; CO₂ emissions 0 g/km; CO₂ class A); range 510-613 km (WLTP combined (PER)

Press Contact: Kai Zoebelein
Tel: +49-89-382-21170
E-mail: kai.zoebelein@bmw.de

Successful year for MINI: Strong sales increase in all regions – resulting in over 100,000 fully electric vehicles delivered in 2025.

Mon, 12 Jan 2026 10:15:00 +0100

Munich. The MINI brand looks back on an extremely successful 2025. With a total volume of 288,290 vehicles, MINI achieved a significant sales increase of 17,7% compared to 2024 figures. Particularly impressive is the high demand for battery electric vehicles (BEVs): with 105,535 fully electric MINIs delivered in 2025 (+87,9%), the brand achieved a new record in electromobility, resulting in more than every third MINI sold worldwide being electric. In many markets, the share is significantly above 50%, such as Netherlands, Turkey, Sweden and China.

Jean-Philippe Parain, Head of the MINI brand, emphasizes: “MINI continuously increases the share of fully electric vehicles, thereby demonstrating its innovative strength and future orientation. Our strong volume growth across all regions in 2025 clearly reflects the exceptional appeal of the MINI model family. The updated iconic design, the sportiness, individuality and expanded electric offerings of the MINI brand have met customer expectations all around the globe.

A growth driver was the largest MINI model in the product portfolio, the MINI Countryman: with a 32,4 % share of the total MINI volume, it underlines the brand’s SUV expertise. The Countryman combines typical MINI driving pleasure with innovative design and high versatility – ideal for any outdoor challenge. In 2025, 93,305 units were sold worldwide (+15.2%); the fully electric Countryman achieved a sales growth of 81.8% compared to 2024.

Sub-brand John Cooper Works reaches record numbers

The sporty John Cooper Works (JCW) sub-brand also set new standards in 2025: with 25,630 units sold, MINI JCW increased the sales volume by 59.5% and achieved a new sales record. The share of JCW vehicles reached 8.9% of the total MINI volume. In some markets, such as UK, Italy, Japan and Australia, the performance-enhanced MINI models reached their highest sales figures to date.

The MINI Cooper family

The traditional MINI Cooper family, consisting of the MINI Cooper 3-Door, the MINI Cooper 5-Door and the MINI Convertible, recorded with 162,789 a sales increase of 10.3% compared to the previous year. The new generation of the MINI Cooper Convertible, only introduced in 2025, rounded off the model family with unique features. With 22,491 units sold, a sales growth of 18.4% was achieved. The MINI Cooper 5-Door impresses with typical brand-specific driving fun, increased space, and high functionality and recorded with 47,850 units a significant growth of 26.5% compared to 2024.

2026 starts with the new MINI Paul Smith Edition

Starting in 2026, the MINI Cooper 3-Door, MINI Cooper 5-Door, and MINI Cooper Convertible – both electric and combustion engine versions – will be available in the new MINI Paul Smith Edition. This edition combines the unmistakable style of the British designer Paul Smith with the playful, optimistic and independent spirit of the MINI brand. Following the successful collaborations “MINI STRIP” (2021) and “MINI Recharged by Paul Smith” (2022), Paul Smith now brings his world-famous design language “Classic with a twist” into the MINI family once again.

In case of queries, please contact:
Corporate Communications

Julian Kisch, Press Spokesperson, Product Communications MINI
Phone: +49-151-601-38072
E-mail: julian.kisch@mini.com

Micaela Sandstede, Head of Communications MINI
Phone: +49-176-601-61611
E-mail: micaela.sandstede@bmw.de

CO2 EMISSIONS & CONSUMPTION.

MINI John Cooper Works Convertible (WLTP combined: Energy consumption 7.1l/100km; CO2 emissions 161g/km; CO2 class F)

Press Contact: Micaela Sandstede
Tel: +49-176-601-61611
E-mail: micaela.sandstede@bmw.de

BMW Group vehicle sales grew in 2025 – strong performance particularly in Europe and the US, and with electrified models

Fri, 09 Jan 2026 11:02:00 +0100

Munich. The BMW Group delivered a total of 2,463,715 vehicles to customers in 2025 – an increase of +0.5% year-on-year. This includes the delivery of 642,087 electrified vehicles, a growth of 8.3% over the previous year. The BMW Group also saw a slight increase in sales of fully-electric models, with 442,072 units delivered worldwide. In Europe, in particular, the BMW Group reported a significant growth of +28,2% in fully-electric vehicles. The company’s sales performance in 2025 demonstrates that the BMW Group’s technology-neutral approach and premium multi-brand strategy, with a broad product portfolio across all relevant segments, are receiving a positive response from customers. Subdued demand in China was offset by other sales regions.

“In 2025, in a challenging environment, the BMW Group sold more vehicles than in the previous year. Our electrified vehicles were in particularly high demand. Europe reported especially strong growth, with battery-electric vehicles accounting for about a quarter of total sales, and BEVs and PHEVs combined reaching a share of over 40% across the region. We remain fully on track to meet our EU CO₂ fleet target for 2025,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “Especially in Europe, 2026 will be marked by the NEUE KLASSE. At the same time, we will be introducing several new models this year, such as the BMW X5, BMW 3 Series, and BMW 7 Series. In total, the BMW Group will launch more than 40 new and revised vehicles with various drive options by 2027, ” added Goller.

Electrified vehicles accounted for 26% of total BMW Group sales worldwide in 2025, with fully-electric vehicles representing around 18%.

The BMW brand delivered 2,169,761 vehicles to customers in the full year 2025
(-1.4%). Thanks to its attractive product portfolio across all technologies, the brand maintained its position as the global segment leader, with sales growth in Europe, the Americas and parts of Asia largely offsetting subdued demand in China. BMW M GmbH achieved a new all-time sales high, with a total of 213,457 vehicles delivered in the full year (+3.3%). The MINI brand enjoyed a strong 2025, delivering a total of 288,290 vehicles to customers – an increase of +17.7% over the previous year. Its fully-electric vehicles, in particular, are proving popular with customers worldwide. The British premium brand celebrated an important milestone, with the delivery of the 100,000th fully-electric MINI to its new owner. This means that more than one in three MINIs delivered in 2025 had a fully-electric drive train. The Rolls-Royce brand delivered 5,664 units to customers (-0.8%) in the full year. During the same period, BMW Motorrad sold 202.563 motorcycles and scooters (-3,7%).

BMW Group sales in Q4/YTD December 2025 at a glance

	4th Quarter 2025	Compared with previous year %	YTD December 2025	Compared with previous year %
BMW Group Automobiles	667,981	-4.1%	2,463,715	+0.5%
BMW	584,379	-5.2%	2,169,761	-1.4%
- BMW M GmbH	55,286	-7.9%	213,457	+3.3%
MINI	82,038	+4.9%	288,290	+17.7%
BMW Group electrified¹	171,800	-6.6%	642,087	+8.3%
BMW Group BEV	118,635	-10.5%	442,072	+3.6%
Rolls-Royce	1,564	-10.2%	5,664	-0.8%
BMW Motorrad	43,407	-7.5%	202,563	-3.7%

¹BEVs and PHEVs

BMW & MINI sales in the regions/markets

	4th Quarter 2025	Compared with previous year %	YTD December 2025	Compared with previous year %
Europe	278,715	+4.0%	1,016,360	+7.3%
Germany²	82,274	+14.4%	290,742	+8.7%
Asia	227,148	-13.2%	871,550	-9.3%
China	160,556	-15.9%	625,527	-12.5%
Americas	145,127	-3.5%	508,221	+5.7%
USA	120,398	-4.6%	417,638	+5.0%

²Provisional registration figures

BMW Group Corporate Communications

Carolin Bachmann, Communications Sales

Telephone: +49 89 382-38801

Dr Sina Unger, Communications Sales

Telephone: +49 89 382-47564

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Carolin Bachmann
Tel: +49-151-601-38801
E-mail: carolin.bachmann@bmw.de

The BMW M4 GT3 EVO from Fortnite and Rocket League at BMW Welt.

Sat, 20 Dec 2025 11:00:00 +0100

Munich. This new BMW Welt exhibit is making a vehicle from the popular video game series Fortnite and Rocket League a reality. Not only is the BMW M4 GT3 EVO the latest addition to the vehicle catalogue of the multi-player online games, but its design is also in the style of the well-known TV anime “BLEACH”. The car will be displayed at BMW Welt from 20^th December to 11^th January for unforgettable photo opportunities.

BMW introduced the world’s first car creator in Fortnite back in 2023 with the “Hypnopolis” creative island, where players could design the new BMW iX2* according to their individual preferences. Before that, the BMW M240i*, the BMW 1 Series, and the first-generation BMW M3* made their debut in Rocket League.

The design of the BMW M4 GT3 EVO is in the style of the iconic costume of the main character of “BLEACH”, Ichigo Kurosaki. Alongside the launch of the racing car design, a PUMA sneaker model from the BMW M Motorsport collection in the style of the BMW M4 GT3 EVO is also available in the Fortnite Shop.

Sandra Wittemer, Head of BMW Welt, said: “With this very special BMW M4 GT3 EVO, we are bringing the fascination of motorsport, digital pop culture, and design together in a unique way. The livery inspired by ‘Bleach’ shows just how creatively and diversely BMW M can be interpreted. It’s fascinating to see that this car is not just making an impression in virtual worlds such as Fortnite and Rocket League but will now also be a very real experience for BMW Welt visitors.”

BMW Welt is closed annually between 24^th and 26^th December, as well as on 31^st December and 1^st January.

CO2 emissions & consumptions.

BMW iX2 xDrive30: energy consumption combined: 17,7–17,6 kWh/100 km (WLTP); CO₂ emissioned combined: 0 g/km (WLTP); electric range: 418–449 km (WLTP); CO₂ class: A

BMW M3 Competition Sedan with M xDrive: energy combined: 10,2–10,1 l/100 km (WLTP); CO₂ emissions combined: 230–228 g/km (WLTP); CO₂ class: G

If you have any questions, please contact:

BMW Group Corporate Communications

Lisa Meindl
Spokesperson BMW Museum and BMW Welt
Telephone: +49-89-382-31668
Email: lisa.meindl@bmw.de

Simone Bauer-Linster, Communications BMW Welt

Telephone: +49 151 601 414 52

Email: Simone.Bauer-Linster@bmw.de

Internet: https://newsroom.bmwgroup.com/global/en

E-Mail: presse@bmwgroup.com

The BMW Group

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW iX2 xDrive30: Energieverbrauch kombiniert: 17,7–17,6 kWh/100 km (WLTP); CO₂-Emissionen kombiniert: 0 g/km (WLTP); Elektrische Reichweite: 418–449 km (WLTP); CO₂-Klasse(n): A

BMW M3 Competition Limousine mit M xDrive: Energieverbrauch kombiniert: 10,2–10,1 l/100 km (WLTP); CO₂-Emissionen kombiniert: 230–228 g/km (WLTP); CO₂-Klasse(n): G

Press Contact: Simone Bauer-Linster
Tel: +49-151-601-41452
E-mail: simone.bauer-linster@bmw.de

Stefan Hienzsch takes over as Head of BMW Bank

Mon, 01 Dec 2025 11:00:00 +0100

Munich. BMW Bank GmbH is strengthening its profile on the path to becoming a digitalized bank with high innovation standards: Stefan Hienzsch has been appointed as the new Chairman of the Board of Management with effect from 1 December. As one of Germany's leading automotive banks, the credit institution is further enhancing its management board in an increasingly complex regulatory environment. Hienzsch, a fully qualified lawyer, has already been Chief Representative of BMW Bank since June 2024. The management board remains unchanged, with Joachim Herr, Torsten Matheis and Kerstin Zerbst continuing in their roles.

"Stefan Hienzsch is an experienced financial and legal expert who is very familiar with the challenges and opportunities of the BMW Group's financial services business. Under his leadership, BMW Bank will continue to expand its role as a reliable, innovative partner for our customers and dealers and continue to make a significant contribution to the success of the BMW Group in Germany and Europe," said Alexander Buresch, Chairman of the Supervisory Board of BMW Bank and Head of BMW Group Financial Services.

Hienzsch has more than 25 years of experience within the company. Previously, he headed the BMW Group's legal department for Corporate Finance, Financial Services and Mergers & Acquisitions for over a decade and held various leadership roles in the UK for the BMW, MINI and Rolls-Royce brands.

"I am very pleased about the trust placed in me and look forward to my new role. BMW Bank will continue to systematically pursue its digital transformation process. My goal is to inspire customers and retailers with innovative, digital and sustainable solutions and to further develop the bank as a strong, future-oriented partner in the BMW Group ecosystem," says Stefan Hienzsch.

Information for editors

BMW Bank GmbH is one of the leading automotive banks in Germany with subsidiaries in Italy, Spain and Portugal. More than 1,170 employees serve around one million customers (as of December 31, 2024). The product range extends from financing, leasing and insurance for cars and motorcycles to deposit products and credit cards.

The company has total assets of 28.5 billion euros) and deposits of around 11.9 billion euros (both as of December 31, 2024). BMW Bank GmbH is part of BMW Group Financial Services. Almost every second new BMW and MINI vehicle is financed or leased through BMW Group Financial Services.

For queries, please contact:

BMW Group Corporate Communications

Lennart Wermke, Communication BMW Group Financial Services
Telephone: +49 151 601 980 96
E-Mail: lennart.wermke@bmwgroup.com

Max-Morten Borgmann, Head of Communication Corporate, Finance, Sales
Telephone: +49 151 601 24 118
E-Mail: max-morten.borgmann@bmwgroup.com

Internet: https://newsroom.bmwgroup.com/global/en
E-Mail: presse@bmwgroup.com

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales network in more than 140 countries.

In 2024, the BMW Group sold over 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2024 was €11.0 billion on revenues amounting to €142.4 billion. As of 31 December 2024, the BMW Group had a workforce of 159,104 employees.

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Lennart Wermke
Tel: +49-151-601-980-96
E-mail: lennart.wermke@bmwgroup.com

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2025, Munich

Wed, 05 Nov 2025 08:49:57 +0100

- Check against delivery –

Ladies and Gentlemen,

Good morning.

For the BMW Group, several key strengths have long formed the foundation of our strategic course: our global footprint, our technology-neutral approach, our premium multi-brand strategy and broad portfolio across all relevant customer segments, and our ability to identify the potential of new technologies and bring them to road in each major region. These strengths give us flexibility and make us resilient, and we are benefiting from them now.

As a global company with global brands, we are used to dealing with varied conditions and unpredictability on the ground in each market.

We recognize the current dynamics in the automotive industry: major transitions in innovation, operating with a global supply chain, a shifting geopolitical framework with trade impacts such as tariffs, as well as a rapidly evolving market in China – to name but a few.

We remain focused on our long-term trajectory, while using our flexibility to adapt to the changing dynamics and are tackling them head on. This is what has always set the BMW Group apart.

Our business remains on track and healthy. As Walter just shared, this is underscored by our Group EBT result over the first nine months – demonstrating the performance of the entire business including our sales development.

Despite the challenging market dynamics in China, our overall global sales posted year-on-year growth of 8.7% in the third quarter; excluding China, it was 12.2%. Through September, sales in Europe were up 8.6% compared to 2024, while sales in the United States grew by 9.5%. These strong results helped compensate for the development in China.

Electrified vehicles and M vehicles both drove global growth. With our technology-open approach and multiple premium brands, customers find products that fit their wide range of needs and tastes.

In the coming months, we will take this to the next level with the introduction of the NEUE KLASSE. Just two months ago at the IAA Mobility here in Munich, we unveiled the BMW iX3*, the first vehicle of our NEUE KLASSE. The response was tremendous – from visitors and fans from across the globe, media, analysts, and political stakeholders. A few weeks later we celebrated the official opening of our new plant in Debrecen, where production of the iX3 is underway.

We have started taking customer orders for the car, which have exceeded our expectations. Just looking at Europe, we see orders already extend several months into 2026 already. This confirms an exceptionally positive start for the vehicle.

The NEUE KLASSE is BMW at its best. And starting with the iX3, it will set new benchmarks: from its performance data and revolutionary digital interface to its sustainability approach.

The BMW iX3 offers a range of more than 800 kilometers in the WLTP cycle. Thanks to its ultra-fast charging capability, the peak charging power is up to 400 kilowatts. That means: in just 10 minutes, the iX3 can charge enough to drive more than 370 kilometers.

The fully immersive digital experience will bring UI / UX to a whole new level. With the BMW Panoramic iDrive, drivers can intuitively keep their eyes on the road while all necessary information is perfectly in view.

With the BMW iX3, we will also introduce a new generation of driver assistance systems. The BMW Group is the first car manufacturer in Germany to receive approval for assistance systems in accordance with UN Regulation for Driver Control Assistance Systems (DCAS).

The approval enables the BMW Group to offer the Motorway Assistant with Level 2 “hands-off” function in numerous other models and countries in the future. This also covers an extended range of functions. More innovative assistance functions for urban driving will follow.

In terms of sustainability, the iX3 is explicitly focused on conserving resources and reducing the model’s environmental footprint – throughout the supply chain, production, use phase and recycling. In line with the principles of design for circularity, the iX3 is made up of one-third secondary raw materials.

Moreover, Plant Debrecen is the first BMW Group car factory that operates and produces vehicles without using fossil fuels, such as oil and gas, under normal operating conditions.

Overall, the iX3 is a perfect example of our strategy of reducing CO₂ wherever we have leverage. This will help us reach our near-term target to reduce our carbon footprint by at least 40 million tonnes CO₂ by 2030. Since 2020, we have been fully committed to the Paris Climate Agreement, with a target of achieving net zero by 2050.

The next NEUE KLASSE model, which we teased at the IAA, is preparing for launch: the new BMW i3. With the eighth generation of the 3 Series, we will bring the NEUE KLASSE and its technology clusters into the core of the BMW brand. Production of the i3 will get underway at our main plant in Munich in the second half of next year. Other locations in our international production network will follow with production of 3 Series variants.

Throughout 2026, we will show how the NEUE KLASSE technologies will be integrated into further models, such as the 7 Series and the X5. By 2027, we will put 40 new models and model updates with NEUE KLASSE technology and design language on the road worldwide.

This all-new BMW generation will provide an enormous boost to our already broad and popular portfolio – with technology solutions tailored to customers in their markets.

This applies especially to China. The NEUE KLASSE products we will launch in China are developed together with our local engineering teams and Chinese partners – in the market, for the market. Our NEUE KLASSE architecture allows to integrate local tech stacks from leading Chinese tech players into our own ecosystem. This gives consumers access to innovations and features they are used to, including solutions from Alibaba Banma, DeepSeek, and Momenta.

With the NEUE KLASSE, we are again demonstrating our strength in mastering system complexity, integration and efficiency. We know what our customers want and identify trends in individual markets early. The result are products that perfectly integrate the best technologies – both in house and with partners – across regions to offer the best product substance to our customers.

What makes the NEUE KLASSE so unique, is that we are rolling out the technology clusters across the entire portfolio – regardless of the drivetrain.

Our technology-neutral approach continues to show its success and allows broad market access as consumer preferences shift. At the same time, we are making progress in decarbonization in the here and now. After nine months into 2025, Group sales of all-electric vehicles are up by 10%, resulting in a BEV share of 18%. PHEVs grew nearly 28% year-on-year, delivering an overall electrified share through September of 26.2% globally.

Europe showed particularly strong growth – with BEVs reaching over a quarter of total sales, while BEV and PHEV sales combined for an impressive 41% share. Europe will also be the primary driver of our BMW iX3 sales in 2026.

Thanks to this solid result, we are well on course to reach our CO₂ fleet target for the year, just as we have consistently done for the past several years. For us, it has long been clear that we would meet the targets for 2025 – and, importantly, without penalties, pooling, or averaging.

This success with our technology-neutral strategy also gives our voice weight in the ongoing discussion regarding the EU’s targets.

We have reached our climate targets by following market demand and customer needs and by continually optimizing all drivetrain variants.

It remains critical for Europe to revisit the targets for 2030 and 2035.

Setting an end date to a specific, successful technology will lead to a massive shrinking of the industry as a whole. It will harm European industry and also create dependencies that are unwise in the current geopolitical dynamic.

To achieve climate goals and create effective CO₂ regulations, we must take a comprehensive view – one that accounts for the full carbon footprint of the vehicle and its value chain, and that also values climate-neutral fuels such as HVO100. Such a holistic framework would reflect various market needs and uneven infrastructure development, while safeguarding Europe’s value chains, jobs, and industrial strengths. And – above all – it delivers genuine climate protection and real reductions in CO₂.

Companies should be free to deliver the solutions, taking customer demands and needs into account, while adequately investing in new paths and technologies to achieve the EU’s climate goals.

In this context, the BMW Group is very skeptical about the EU’s planned “Greening the Fleets” regulation, as it does not consider current market realities. Commercial fleets rely on high vehicle availability with high mileages. The currently inadequate charging and hydrogen refueling infrastructure will not be guaranteed in all member states by 2030 either. Further fleet mandates and additional regulations that exclude individual technologies are not necessary to achieve the CO₂ targets. Moreover, they hinder technological development and introduce harmful market distortions contrary to customer preferences. Here also, we advocate for a holistic and technology-neutral approach.

Ladies and Gentlemen,

We are tackling the challenges in global markets head on, leveraging our strengths and implementing our long-term strategy. We have made significant investments and have created the right operating framework to deliver. Our flexible, global network, our tech-open strategy, our focus on innovation and our ability to master technological complexity set us apart.

Over the coming months, we will deliver as promised. Starting with the iX3, we will rapidly deploy our ambitious strategy one vehicle at a time around the globe. We will continue to lead with product substance and solutions that meet our customers’ needs.

We therefore remain optimistic as we close out 2025 and move forward to 2026.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

BMW iX3 50 xDrive: energy consumption combined: 17,9–15,1 kWh/100 km (WLTP); CO₂-emissions combined: 0 g/km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2025, Munich

Wed, 05 Nov 2025 08:30:00 +0100

- Check against delivery –

Ladies and Gentlemen,

Good Morning.

In the third quarter of 2025, the BMW Group continued its strategic course and maintained its global market position.

But before we dive into the details of the quarter, I would like to directly address our communication from October 7th.

You all know the BMW Group as an ambitious company.

We have always focused on identifying opportunities and realizing market potential, and our success demonstrates that this is the right approach.

In 2025, despite all known challenges, we were confident in the fundamental potential of the Chinese market.

Our planning scenario was fully confirmed during the first six months, with a performance on the level of the second half of 2024.

For the second half of this year, we assumed we would see growth momentum.

However, at the beginning of the fourth quarter we observed that this momentum had not materialized to date.

So, for the remainder of 2025, volume stabilization, rather than volume growth, now appears likely. Accordingly, we have adjusted our planning and now anticipate a consistent monthly run rate in China in line with the first half of 2025.

In addition, we have introduced measures to support the profitability and liquidity of our dealers in China.

These measures will also have an impact on our Q4 profitability.

The consolidation of our dealer network in China is progressing to plan.

Ladies and Gentlemen,

With respect to tariffs, the BMW Group has been fully transparent throughout the year concerning the impact on our 2025 financial results.

Our original guidance given in March as well as our updated assessments in the Q1 and Q2 reporting were based on certain assumptions.

As mentioned in our ad-hoc announcement, these assumptions were not fully realized as expected to date.

We now anticipate a tariff-related headwind of 1.5 percentage points on the Auto EBIT margin for the full year.

I will share further details on our full-year outlook later on.

But now, let me walk you through our Q3 figures.

Group earnings before tax totaled over 2.3 billion euros in the third quarter and exceeded 8 billion euros year-to-date through September.

Compared to the first nine months of 2024, this represents only a slight decrease of 9.1 percent – a notable achievement in light of the current developments in the Automotive industry.

And for the full year, we also expect a decrease in the single-digit range only.

This represents a full-year Group profit before tax of approximately 10 billion euros – despite the significant burden of higher tariffs.

Excluding the impact of tariffs, pre-tax profit even exceeds the 2024 figure.

Within the BMW Group ecosystem, every segment contributes to our overall success.

The reported Group EBT margin stood at 7.2 percent in the third quarter and 8.1 percent year-to-date through September.

The reported Auto EBIT margin fell within our full-year target corridor for both Q3, at 5.2 percent, and year-to-date through September, at 5.9 percent.

Ladies and Gentlemen,

As you know, the BMW Group is always transparent in its reporting, and we consistently focus on communicating our published figures.

For better comparability within the industry, allow me, nevertheless, to provide a few additional details regarding our operational performance in the Automotive segment.

First: Auto EBIT includes the depreciation resulting from the purchase price allocation of BBA.

Excluding this depreciation, which amounts to approximately 1.1 percentage points, the quarterly margin would be 6.3 percent, and the nine-month margin would be 7.0 percent.

Second: Auto EBIT also includes the burden of extra tariffs, which amounts to around 1.75 percentage points in the third quarter and 1.5 percentage points through September.

This impact should also be added for a fair comparison of our EBIT margin.

Q3 deliveries to customers at Group level increased solidly by 8.7 percent year-on-year.

After nine months, the share of all-electric vehicles reached 18 percent of total sales.

And with a share of 26.2 percent, more than one in four vehicles sold globally was electrified, meaning either a BEV or a plug-in hybrid.

Let’s now take a look at how the Automotive Segment performed across key metrics.

Deliveries of BMW, MINI and Rolls-Royce vehicles to customers reached 588,140 units in the third quarter.

In Europe, sales grew by 9.3 percent, and in the US by 24.9 percent.

In China, retail sales did not meet our expectations, with deliveries at previous year’s level.

After nine months, global retail sales approached 1.8 million units, representing a slight increase of 2.4 percent.

This clearly demonstrates the strength of our global business model, with sales performance in Europe and the US more than compensating the challenges in China.

Sales of all-electric vehicles exceeded 100,000 units for the sixth consecutive quarter.

Q3 revenues in the Automotive segment amounted to 28.5 billion euros, reflecting a slight increase of 2.4 percent year-on-year. Adjusted for currency translation effects, the increase was 6.4 percent.

Segment EBIT amounted to approximately 1.5 billion euros in Q3 and 5.1 billion euros from January to September.

The reported EBIT margin – including the negative impact of BBA PPA and tariffs – came in at 5.2 percent for the quarter and 5.9 percent as of September.

That brings me to my next slide, taking a detailed look at our operating result of the third quarter year-on-year.

Automotive EBIT increased by around 900 million euros compared to Q3 2024.

As anticipated at mid-year, changes in currencies negatively impacted EBIT by 500 million euros, while raw material positions remained neutral.

The net effect of volume, model mix and pricing resulted in a negative impact of 300 million euros in the third quarter, compared to the previous year.

Both volume and model mix provided a tailwind, while pricing was a headwind.

This is particularly evident in China, where we see price pressure across all segments.

Furthermore, since the end of June, Chinese banks have significantly reduced dealer commissions.

While this led to a certain increase in transaction prices, as expected, it could not offset the negative impact of the lower commission revenues for dealerships.

Consequently, we implemented dealer support measures in Q3 to strengthen dealer profitability and liquidity.

Ladies and Gentlemen,

In line with our planning, we will continue to decrease our operating costs in 2025 and beyond.

This trend is once again reflected in our figures for the third quarter.

Research and development expenses decreased by about 300 million euros compared to the prior-year quarter.

Group R&D expenditure totaled 5.9 billion euros as of September. This remains significantly below last year's level, despite extensive product initiatives and intensive preparations for the first models of the NEUE KLASSE.

The R&D ratio according to the German Commercial Code stood at 5.9 percent after nine months.

Selling and administrative expenses decreased by around 200 million euros compared to the previous year.

These nominal cost savings of 500 million euros more than offset the negative impact from volume, model mix and pricing.

Other Cost Changes provided a tailwind of around 1.2 billion euros compared to the third quarter of 2024.

This development results mainly from three areas:

On the one hand, warranty expenses were significantly lower year-on-year.

In Q3 2024, we fully recognized the necessary warranty provisions for the Integrated Braking System.

On the other hand, tariffs had a negative impact of around 1.75 percentage points on the Auto EBIT margin in Q3.

The majority of the improvement in other cost changes in Q3 results from the positive development of manufacturing costs and material costs.

Overall, we reduced costs by over 1 billion euros in the third quarter and by approximately 2 billion euros year-to-date through September.

In addition to EBIT, tariffs also affect free cashflow.

While refunds are recognized in EBIT, cash will rather be recognized in 2026 than in 2025.

This negatively affected free cashflow through September, and the timing effect alone will impact free cashflow for the full-year by a high three-digit million euros amount.

Free cash flow in the Automotive Segment totaled 343 million euros in the third quarter.

Earnings before tax amounted to 1.4 billion euros.

The net change in working capital contributed positively to free cashflow by around 300 million euros.

The negative net effect of capital expenditure and depreciation impacted the third quarter by 300 million euros.

The capex ratio was 5.2 percent in the third quarter and 4.4 percent for the first nine months.

Following the peak in 2024, capex will decrease for the full year 2025. The capex ratio is projected to remain below 6 percent.

Changes to provisions negatively impacted free cash flow in the third quarter by approximately 400 million euros.

This was primarily due to the consumption of warranty provisions.

The change in the position Other, amounting to around 600 million euros, includes income taxes paid.

After nine months, free cash flow in the Automotive segment stands at almost 2.7 billion euros.

For the full year, we now target a free cash flow of over 2.5 billion euros, compared to the original forecast of over 5 billion euros.

This is driven by two factors:

Lower-than-expected earnings for the full year

And tariff refunds that we expect to receive in 2026 instead of 2025

We remain committed to shareholder returns using both dividends and share buyback.

Despite the lower free cashflow outlook, we will maintain our dividend payout ratio of 30 to 40 percent and will continue our share buyback program as announced.

As a result, the anticipated shareholder returns for the financial year 2025 will exceed free cashflow.

Let’s now turn to our Financial Services segment.

Financial Services is a key component of our customer journey and an important part of our integrated value chain.

As a vital element of our financial operating model, the segment contributes consistently to our Group profit.

New business grew significantly during the third quarter, primarily driven by the changed competitive environment in China.

This contributed to a slight year-on-year increase of 1.9 percent in new leasing and financing contracts concluded with retail customers over the nine-months-period.

New business volume increased by 4.2 percent to 48.5 billion euros.

The penetration rate for lease and loan offerings rose by 4.1 percentage points to 46.4 percent.

Segment earnings amounted to more than 1.8 billion euros, a year-on-year decrease of 14.4 percent.

The decline is primarily attributable to the lower income from the resale of end-of-lease vehicles as well as a tax payment in the second quarter resulting from a revised operational tax assessment for prior years.

Resale income remains positive on a portfolio basis.

The credit loss ratio across the entire loan portfolio remained low at 0.26 percent.

In the Motorcycles Segment, deliveries increased solidly by 5.7 percent year-on-year.

EBIT for the second quarter totaled 60 million euros, resulting in an EBIT margin of 7.9 percent.

Let’s now turn to our outlook for the 2025 financial year.

Four weeks ago, we confirmed that the Auto EBIT margin will remain in the guided corridor of 5 to 7 percent – more specifically in the range of 5 to 6 percent.

We also confirmed that deliveries in the Automotive segment are expected to increase slightly.

At the same time, the BMW Group adjusted its guidance for the following two key performance indicators:

Group Profit before Tax, which we now anticipate to decrease slightly compared to 2024

Return on Capital Employed (RoCE) in the Automotive segment, which is now expected in a corridor between 8 and 10 percent

In the Motorcycles segment, deliveries are now expected to decrease slightly, whilst the EBIT margin range is confirmed between 5.5 and 7.5 percent.

In the Financial Services segment, we confirm a Return on Equity (RoE) in the range of 13 to 16 percent.

Ladies and Gentlemen,

We have invested early and significantly in the future of our company, in line with our long-term strategy.

Our technology clusters are ready – paving the way for the broad deployment of innovations across our complete product portfolio.

Our Gen6 battery technology will shortly hit the market and support profitability with cost savings of 40 to 50 percent for the battery pack.

After reaching their peak levels in 2024, we are reducing both capex and R&D, as planned.

We are also maintaining our consistent management of operational costs. This is reflected in our figures for the third quarter and through September, and it will continue to be visible going forward.

With our highly attractive products and the NEUE KLASSE, we have the right levers in place to continuously strengthen our global market position, today and in the future.

We believe that our 2025 profitability stands out in the current business environment, with a pre-tax profit decline only in the single-digit percentage range year-on-year.

And with our strong balance sheet as a solid foundation, we will deliver consistent returns for our stakeholders.

Thank you.

Press Contact: Simone Bauer-Linster
Tel: +49-151-601-41452
E-mail: simone.bauer-linster@bmw.de

BMW Group Quarterly Statement to 30 September 2025

Wed, 05 Nov 2025 07:32:03 +0100

Attached please find the Quarterly Statement to 30 September 2025 for download.

The speeches and telephone conferences for journalists and analysts & investors will be broadcast live on our website https://www.bmwgroup.com/en/investor-relations/company-reports.html:

08.30 am (CET): Speeches Oliver Zipse and Walter Mertl
09.05 am (CET): Journalists Q&A
10.15 am (CET): Analysts & Investors Q&A

The online version of the BMW Group Report 2024 can be explored here: https://www.bmwgroup.com/en/report/2024/index.html

Press Contact: Manuela Heumann
Tel: +49-89-382-24660
E-mail: manuela.heumann@bmw.de

BMW Group posts third-quarter sales growth

Tue, 07 Oct 2025 16:31:00 +0200

Munich. The BMW Group maintained its growth trajectory in the third quarter, with customer deliveries rising by +8.8%. This also reflects the positive impact of the base effect from a weaker prior-year quarter. From January to September 2025, the BMW Group delivered a total of around 1.8 million BMW, MINI and Rolls-Royce vehicles to customers, achieving slight sales growth of +2.4%. During the same period, the company increased sales of fully-electric vehicles by +10.0% to 323,447 units. Between January and September, the BMW Group delivered a total of 470,313 electrified vehicles (BEV and PHEV) to customers (+15.0%).

“The BMW Group reported a slight sales increase for the year to the end of September. The strong sales performance in Europe and the Americas, as well as for the MINI brand, is particularly encouraging. Demand for our wide range of electrified vehicles also remains strong,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales.

The BMW brand sold 514,620 vehicles in the third quarter (+ 5.7%). In the year to the end of September, sales were in line with the previous year (+0.1%), with a total of 1,585,580 units delivered to customers, including 395,998 electrified vehicles (+4.5%). The brand continued to increase sales across all regions outside of China, achieving particularly strong growth in the Europe and Americas regions, while the targeted sales increase in the Chinese market did not materialize as expected. BMW plug-in hybrids are in high demand. As a result, the brand increased its global deliveries of vehicles with this drive technology by +30.2% compared to the previous year.

Between January and September, BMW M GmbH delivered 158.182 units to customers, up +7.9% year-on-year. Following its most successful half-year ever, BMW M GmbH reported another strong third quarter, with sales rising 11,0% to 52,220 units.

The MINI brand remained on track for growth with the New MINI Family: In the third quarter, the brand delivered 72,376 units – an increase of +37.5%. From January to September, 206,214 vehicles were sold worldwide (+23.7%). During this period, MINI reported growth across all sales regions.

In the YTD September, the Rolls-Royce brand delivered 4,100 motor cars to customers – +3.3% more than during the same period of last year. In the first nine months of the year, BMW Motorrad delivered a total of 159,156 motorcycles and scooters to customers (-2.6%). In the third quarter, BMW Motorrad increased its deliveries to 53,247 units, a rise of +5.7%.

BMW Group sales in Q3/YTD September 2025 at a glance

	3rd Quarter 2025	Compared with previous year %	YTD September 2025	Compared with previous year %
BMW Group Automotive	588,300	+8.8%	1,795,894	+2.4%
BMW	514,620	+5.7%	1,585,580	+0.1%
- BMW M GmbH	52,220	+11.0%	158,182	+7.9%
MINI	72,376	+37.5%	206,214	+23.7%
BMW Group electrified¹	151,282	+8.0%	470,313	+15.0%
BMW Group BEV	102,864	-0.6%	323,447	+10.0%
Rolls-Royce	1,304	+13.3%	4,100	+3.3%
BMW Motorrad	53,247	+5.7%	159,156	-2.6%

¹BEVs and PHEVs

BMW & MINI sales in the regions/markets

	3rd Quarter 2025	Compared with previous year %	YTD September 2025	Compared with previous year %
Europe	239,620	+9.3%	737,641	+8.6%
Germany²	72,939	+12.3%	208,218	+6.5%
Asia	206,156	+0.0%	644,429	-7.9%
China	147,121	-0.4%	464,971	-11.2%
Americas	125,944	+24.4%	363,101	+9.8%
USA	104,163	+24.9%	297,247	+9.5%

²Provisional registration figures

BMW Group Corporate Communications

Dr Sina Unger, Communications Sales

Telephone: +49 151 601 47564

Carolin Bachmann, Communications Sales

Telephone: +49 151 601 38801

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 151 601-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

In 2024, the BMW Group sold 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2024 was € 11.0 billion on revenues amounting to € 142.4 billion. As of 31 December 2024, the BMW Group had a workforce of 159,104 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key component of the BMW Group’s corporate strategy – from the supply chain through production to the end of the use phase of all products.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Sina Unger
Tel: +49-151-60147564
E-mail: sina.unger@bmwgroup.com

From Electric Pioneer to the Leading Provider of Electrified Premium Vehicles: BMW Group Sells 3 Millionth Electrified Vehicle

Wed, 27 Aug 2025 11:45:47 +0200

Munich. A new record for the sales of electrified vehicles from the BMW Group has been set: With the handover of a 3 Series plug-in hybrid model from the Munich plant to a customer, BMW has sold its three millionth vehicle with an electrified drive. This milestone was achieved through a significant increase in sales of fully electric models and plug-in hybrid models in the first half of 2025.

"With the delivery of the three millionth electrified vehicle, the BMW Group has reached another important milestone that underlines the fact that electrified vehicles are an elementary component of our technology-neutral product portfolio. Furthermore, more than one in four BMW Group vehicles sold in the first half of 2025 was already electrified”, says Jochen Goller, Member of the Board of Management of BMW AG Customer, Brands, Sales.

Europe is by far the largest market for electrified vehicles from the BMW Group. Over 60% of the BMW Group's global deliveries of electrified vehicles were made for the company's home continent. The share of electrified vehicles in the total sales of the BMW Group here already exceeds 40%. Especially, BMW's plug-in hybrid vehicles have recently enjoyed growing popularity, achieving a significant increase in sales in the first half of 2025 compared to the previous year.

In July, the BMW Group had already announced the sale of its 1.5 millionth fully electric vehicle, a fully electric MINI Countryman* from the Leipzig plant, which was delivered to a customer in Portugal. If all 1.5 million fully electric vehicles delivered by the BMW Group since the launch of the BMW i3 were lined up, they would stretch over 6,500 kilometers, roughly the distance from Munich to New York City.

The corporate strategy is consistently focused on electric, digital, and circular mobility for the future. Customers can currently choose from more than 15 fully electric models across all group brands, as well as more than ten plug-in hybrids. This includes the revised BMW iX*, which offers a range of over 700 kilometers according to WLTP. The BMW Group laid the foundation for this more than 50 years ago as a pioneer of e-mobility.

*Fuel consumption/emissions data:

BMW 330e Touring: energy consumption weighted combined: 21,6 kWh/100 km and 0,9 l/100 km (WLTP); CO₂ emissions weighted combined: 20 g/km (WLTP); CO₂ classes: unloaded battery F; weighted combined B

MINI Countryman E: Electricity consumption combined: 17,4 – 15,7 kWh/100 km according to WLTP CO₂ emissions combined according to WLTP: 0 g/km; CO₂ Class: A

BMW iX xDrive60: energy consumption combined: 21,9 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A

If you have any questions, please contact:

BMW Group Corporate Communications

Carolin Bachmann, Communications Sales

Telephone: +49 89 382-38801

Dr Sina Unger, Communications Sales

Telephone: +49 89 382-47564

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

About the BMW Group

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

*Fuel consumption/emissions data:

MINI Countryman E: Electricity consumption combined: 17,4 – 15,7 kWh/100 km according to WLTP, CO2 emissions combined according to WLTP: 0 g/km; CO2 Class: A

BMW iX xDrive60: energy consumption combined: 21,9 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A

Press Contact: Carolin Bachmann
Tel: +49-151-601-38801
E-mail: carolin.bachmann@bmw.de

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30 June 2025

Thu, 31 Jul 2025 08:51:43 +0200

- Check against delivery –

Ladies and Gentlemen,

Good morning.

Thanks to the strength and foresight of our strategy, our attractive product portfolio and our global team and operations, the BMW Group is built to weather various conditions.

This is what separates us from the competition. And it underscores that there is not ONE automotive industry – major players are currently performing quite differently.

Through the first half-year, our sales performance demonstrates the appeal of our global brands and the ongoing success of our broad technological approach.

After confirming our original guidance from our Annual Conference after the first quarter results, we remain on track with our financial targets for the year – despite ongoing tariff uncertainty and fluctuations in the Chinese market.

Unpredictability is a longstanding feature of the auto industry and is the norm in today’s business environment. What is decisive is how you deal with it. Because global success is rather predicated on your ability to anticipate developments and to respond rationally and efficiently.

That is fundamental to the BMW Group. And we are building upon our leading position in the industry.

The overall global automotive market is growing. We are always ready to profitably gain market share wherever individual market conditions allow. As dynamics in the industry shift, we know exactly where we are placed with our premium brands and where we can pursue opportunities – maintaining a healthy balance of value and volume.

Over many decades, we have built up a comprehensive and balanced network of sales, production and supply chain operations spanning the major regions. This makes us one of the few truly global players in the industry and our deep roots in global markets offer us many advantages.

First, they allow us to tap into leading-edge developments in the individual markets and understand specific customer needs. Our ties to research universities, our R&D network and IT hubs and our network of local tech partners enable us to leverage key competencies from individual markets for our global products and strategy.

Second, through our extensive footprint in key markets, we remain resilient in the face of geopolitical instability and ever-increasing regulation.

Finally, our strong ties also allow us to engage in direct discussions with key political decision-makers, who value our perspective. Here, it is not just about our individual interests, but rather finding solutions for customers worldwide and driving shared economic prosperity.

The BMW Group welcomes the fundamental agreement between the European Union and the United States to reduce tariffs on both sides of the Atlantic. It’s now important to quickly finalize and implement the agreed measures.

We will continue to advocate for trade between the EU and the US not be hindered by import tariffs. The currently agreed US tariffs also burden European exports, affecting consumers and globally operating companies. Therefore, we urge both sides to continue working towards market openness and the convergence of technical regulations.

Through our global production network and supply chains, we maintain high flexibility to respond to fluctuations. Our production plants are attuned to market demand, allowing us to achieve capacity utilization above the industry standards.

At our largest single plant in Spartanburg in the United States, for example, we produce over 400,000 vehicles annually. Over half of which serve the local market and half of which we export. Across the United States we have created extensive value chains as well as a competency hub for our global X Family of vehicles in Spartanburg, which remain in high demand across the entire globe.

BMW made in America and sold to the world.

This combination of leveraging the competitive advantage of the US market in SUVs with BMW’s brand strength allows us to develop products which speak to customers’ needs in markets worldwide.

For the current financial year, our sales results continued into Q2 in line with our expectations, as conditions continue to vary from market to market. In Q2, we saw a sequential improvement from Q1.

Outside of China, all three of our major sales regions posted growth.

Group sales in these markets combined to grow by 6.3% through the first six months of the year.

Group sales in Europe grew overall by 10.2% in the second quarter and in Germany alone by over 10%, with growth in most markets outpacing the passenger vehicle market. Overall, the BMW brand increased its market share in Europe.

Among the most successful BMW models were those in the business class segment. In the first half of the year, the BMW 5 Series saw growth of more than 40% worldwide compared to 2024.

Other notable models that saw success included the BMW X2 models, which more than doubled sales through June.

With the full availability of the new MINI family, the brand grew in all regions worldwide, including in China. In the first half of the year, more than one in three MINIs sold was a BEV.

Rolls-Royce increased deliveries by nearly 10% in the second quarter, driven by strong sales from the Cullinan Series II*.

Drivetrains and model variants across the portfolio continued to see success in Q2. BMW M sold nearly 106,000 vehicles through June, the best-ever first half-year for the brand.

Sales of plug-in hybrid models from the BMW brand grew by almost 30% in the first six months. Our BEV models continue to be a fundamental pillar of our strategy. In the second quarter, we achieved an important milestone, with the delivery of our 1.5-millionth all-electric vehicle. Across the portfolio, we now offer more than 15 all-electric models.

In Europe, the Group’s BEV share reached 25%. With PHEVs included, the electrified share reached nearly 40%. Across all brands, BMW is the third best-selling BEV brand in Europe.

While we are proud of our position as a leading BEV player, we know that the world is multi-dimensional.

To meet consumer needs, especially in a product as complex and personal as a car, there is no single answer. Our Q2 results show that we can serve multiple preferences simultaneously: BEVs, PHEVs and our M models all achieved growth.

The most effective strategic approach is to use all technologies to reduce CO2 emissions overall. We remain committed to the goals of the Paris Climate Agreement, while advocating for a review of the 2030 and 2035 targets in the EU.

To achieve these goals and create effective CO2 regulations, we must take a comprehensive view across the entire value chain. This would consider all emissions across the entire life cycle and not just tailpipe emissions: from the supply chain to the raw materials used in the car, the production process, the vehicle drive, energy used to power the vehicle, and finally to recycling.

A dependency on a single technology can be damaging to an industry. Putting all your eggs in one basket is just poor asset allocation.

Hydrogen, for example, offers Europe an opportunity to use our expertise and take the lead on an emerging technology that will contribute to our climate goals. And, unlike BEVs, without the need for large amounts of raw materials or battery technology which are not localizable at large scale in Europe.

Beyond drivetrains, there is great potential with alternative fuels. There are more than 250 million vehicles in the EU, which could now immediately contribute to climate protection. But this requires a clear regulatory pathway and targeted investments in the ramp-up of all renewable fuels.

Take HVO100 as an example. While it is already available in markets across Europe, tax schemes and the CO2 fleet targets need to recognize this renewable fueling option to incentivize customer adoption. This would help in scaling an alternative fuel that has a 90% CO2 saving compared to normal fuels and can already be accessed today. For OEMs and customers, this is also a cost-effective way to reduce emissions in the use phase.

For Europe to maintain competitiveness and finance its future, we need to invest not only in new technologies, but also leverage our existing technologies, which can meet customer preferences and still contribute to climate targets.

For the BMW Group, we are now just five weeks away from the next major innovation step, which our entire company has been fully focused on for many years now: the launch of the NEUE KLASSE.

On September 5th, we will celebrate the world premiere of the all-new BMW iX3* at the IAA Mobility here in Munich.

In June we hosted media representatives at the pre-drive event in Miramas in southern France. The initial feedback has been tremendous.

We remain right on time with the launch, including at our new Plant in Debrecen. Construction also continues at our battery assembly facility in Irlbach-Straßkirchen.

With the NEUE KLASSE, we are making great strides in all relevant technology fields – whether in electrification, digital user experience, driving dynamics or sustainability.

The new BMW iX3 will be benchmark in the industry.

The all-electric 6th generation powertrain will set standards in performance and efficiency:

powered by our battery cells developed in house, with 20% more energy density:
an electric range of up to 800 kilometers according to WLTP;
With 400-kilowatt maximum charging, customers will be able add over 350 kilometers to their vehicle’s range in just 10 minutes according to WLTP;
And with an energy consumption of 15 kilowatt hours per 100 kilometers.

In addition, our revolutionary new iDrive will change the way the driver interacts with the car. With the BMW iDrive, we set an industry standard more than twenty years ago. After the reveal of the all-new Panoramic iDrive at CES in January, we are already seeing the industry follow our lead.

With the technology clusters we have developed for the NEUE KLASSE, we will scale our advanced technologies across the portfolio. We will start in the core segment to build momentum quickly. This is simply smart economics.

By 2027, we will bring 40 new models and model updates with NEUE KLASSE technology and design language on the road worldwide.

Our technology cluster approach also allows us to integrate market-specific features and content. In our major sales regions, we have a variety of local solutions with leading partners. This allows us, for example, to further enhance the digital user experience as well as automated driving functions in our upcoming NEUE KLASSE models.

In China, we are collaborating with Alibaba Banma to develop the next level of intuitive and conversational in-car voice interaction. We will also enhance our BMW Intelligent Personal Assistant with functionality from DeepSeek in our vehicles in China.

In most other countries, the next-gen BMW intelligent personal assistant will be powered by large language model technology from Amazon Alexa.

For driving assistance systems that meet local needs and regulations, we have also sought out partners in different geographies. Always following our philosophy in this area: smart, symbiotic and safe.

Just two weeks ago, we announced a new partnership with Momenta, a leading Chinese ADAS technology provider. The partnership will focus on software development and integration for Chinese road-networks, traffic-conditions and user expectations, utilizing advanced AI algorithms and data driven development methods. We will launch the systems in China starting with our NEUE KLASSE.

In other markets, we continue to build on our already very successful partnership with Qualcomm.

These examples show how adaptive the NEUE KLASSE architecture is.

With a software-defined vehicle, we maintain competency over all systems of the car and can roll them out to markets at the same time across the world. But we also are able to quickly integrate local tech stacks into our own ecosystem to give consumers access to innovations and features they are used to.

And through backward integration of software solutions available for all aspects of the vehicle over the air, we will continuously enhance the customer experience.

This is a huge advantage for us.

Ladies and Gentlemen,

Our consistent strategic approach and continued success is not a coincidence but the result of resolute, long-term planning and orientation. It is a multi-year process in every area of the company.

This is what our stakeholders expect from us.

The BMW brand is a promise. And we deliver on our promises.

We continue to build upon the strong position we are in today.

With the rollout of NEUE KLASSE technologies and products over the next two years, we will bring the company to a whole new level.

Thank you.

CO2 EMISSIONS & CONSUMPTION.

Rolls-Royce Cullinan Series II: energy consumption combined: 162,0 l/100km; CO₂ emissions combined: 365 g/km; CO₂ class: G

BMW iX3: energy consumption: 18,0 kWh/100 km (WLTP); CO₂ emissions combined: 0 g/km (WLTP); CO₂ class: A

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30 June 2025

Thu, 31 Jul 2025 08:33:17 +0200

- Check against delivery –

SLIDE 2: BMW Group Half-Year Report to 30 June

Good morning,

Ladies and Gentlemen,

After the first six months of the year, the BMW Group remains on track to meet its full-year targets for 2025.

As expected, tariffs weighed significantly on financials in the second quarter.

Nevertheless, the BMW Group achieved Group earnings before tax of over 5.7 billion euros and a Group EBT Margin of 8.5 percent in the first six months.

SLIDE 3: BMW Group Performance in Q2 2025

In the second quarter, deliveries to customers at Group level increased by 0.4 percent year-on-year.

As of June, BMW Group global sales remained on par with last year.

All-electric vehicles made an important contribution with a share of total sales of 18.3 percent.

The share of electrified vehicles – meaning either a BEV or a plug-in hybrid – even amounted to 26.4 percent.

Group earnings before tax totaled over 2.6 billion euros in the second quarter and over 5.7 billion euros after 6 months.

This resulted in a Group EBT margin of 7.7 percent in Q2 and 8.5 percent in the first half-year.

The operating profit in the Automotive segment reached 1.6 billion euros in Q2 and over 3.6 billion euros after 6 months.

This led to an Automotive EBIT margin of 5.4 percent for the second quarter and 6.2 percent for the year to the end of June – both within our full-year guidance of 5 to 7 percent.

Excluding the depreciation resulting from the purchase price allocation of BBA, the margins came in at 6.5 percent for the second quarter and 7.3 percent through six months.

SLIDE 4: Automotive Retail Units, BEV Units, Auto Revenue and Auto EBIT

Let’s take a look at how the Automotive Segment performed across key metrics.

Between April and June, deliveries of BMW, MINI and Rolls-Royce vehicles to customers were on previous year’s level with 621,000 units.

We saw sales growth in all regions except China.

The BMW brand declined slightly by 2.6 percent compared to the second quarter of 2024.

Outside of China the brand grew by 4.7 percent.

MINI benefitted from the full availability of the entire model range and reported a significant year-on-year growth of 33.2 percent in the second quarter across all regions.

Retail sales in Q2 were especially strong in Europe, with double-digit growth of 10.2 percent year-on-year.

The European order intake for BMW remains strong, with an order bank reaching well into the fourth quarter.

The US reported a growth of 1.4 percent in Q2.

In China, retail sales levels in the first six months of 2025 were down 15.5 percent compared to the previous year.

However, during the second quarter we saw a slight sequential improvement month by month.

Sales of our all-electric vehicles continued to grow.

In the second quarter, we delivered more than 111,000 all-electric vehicles to customers.

Automotive segment revenues decreased moderately by 8.4 percent to 29.4 billion euros in the second quarter.

Adjusted for currency translation effects, the decrease was 5.3 percent, mainly due to lower sales volume in China.

Segment EBIT for the period from April to June totaled 1.6 billion euros.

The EBIT margin came in at 5.4 percent for the quarter and 6.2 percent for the half-year.

These margins include the negative effects from tariffs, which amounted to around 2 percentage points in the second quarter and around 1.5 percentage points in the first six months.

That brings me to my next slide, to take a detailed look at the year-on-year changes in the operational result.

SLIDE 5: Automotive Segment EBIT in Q2

Automotive EBIT declined by around 1.1 billion euros compared to the second quarter of 2024.

More than half of this difference is due to the impact of tariffs, which is included in the position Other.

Changes in currency and raw material positions were neutral in Q2.

In the second half year, we expect a headwind year-on-year.

The net balance of volume, model mix and pricing effects negatively impacted EBIT by 300 million euros in the second quarter, compared to the previous year.

Volume and model mix combined were neutral.

Pricing continues to be a headwind year-on-year, however to a much lesser extent than in the first quarter.

Competitive pressure remains strong, especially in the Chinese market. Here, price levels of the second half of 2024 continued into the first half-year of 2025, as expected.

Research and development expenses decreased by about 200 million euros compared to the prior-year quarter.

Group R&D expenditure as of June totaled 4 billion euros, slightly below previous year.

The R&D ratio according to the German Commercial Code came in at 6 percent after six months.

For the full year, R&D expenditure will be below last year’s level, and it will steadily decrease over the next years.

Selling and administrative expenses also decreased by around 100 million euros compared to the previous year.

The year-on-year headwind of 1.1 billion euros from Other Cost Changes can mainly be attributed to two factors:

First, higher tariffs in the US and anti-subsidy tariffs imposed by the EU Commission on electrified vehicles from China
And second, the sale of end-of-lease vehicles. Here, resale income was lower than in the second quarter of 2024, yet remains positive on a portfolio basis

SLIDE 6: Automotive Segment Free Cash Flow in Q2

Free cash flow in the Automotive Segment totaled about 1.9 billion euros in the second quarter.

Segment EBT amounted to 1.6 billion euros, which is 1 billion euros lower than in the previous year’s quarter.

The net change in working capital reduced free cashflow by around 300 million euros.

The net effect from capital expenditure and depreciation had an impact of 200 million euros in the second quarter.

Capital expenditure for the first half-year amounted to around 2.7 billion euros, a significant year-on-year reduction of around 700 million euros.

The capex ratio was 4.5 percent for the second quarter and 4 percent for the first six months.

After the peak in 2024, capex will decrease for the full year 2025.

We expect a capex ratio below 6 percent for 2025.

Changes to provisions negatively impacted free cash flow in the second quarter by around 200 million euros. This was mainly due to the consumption of warranty provisions.

The change in the position Other of around 1 billion euros reflects the development of a set of various topics, including accrued expenses, interest and advance payments received, income taxes and liabilities for tariff expenses not yet paid out.

After the first six months, Automotive Segment free cash flow is on previous year’s level with just over 2.3 billion euros.

For the full year, we are targeting a free cash flow of over 5 billion euros.

Our strong free cash flow generation enables us to further execute our consistent shareholder return strategy.

In May of this year, the Annual General Meeting authorized the Board of Management to buy back up to 10 percent of BMW AG's share capital over the next five years.

Based on this authorization, a third share repurchase program with a volume of up to 2 billion euros was approved.

It should be completed by April 30, 2027, at the latest.

The first tranche of 750 million euros began in May and will be completed no later than December 8th of this year.

SLIDE 7: Financial Services Segment in H1

Let’s move on to the Financial Services Segment.

The number of new contracts, concluded with retail customers in the first half year, reached almost 825,000 contracts, a slight decrease of 3 percent year-on-year.

This is due to the challenging situation on the Chinese market, which led to a moderate decrease in new credit financing business.

The new leasing business continued its dynamic growth in the first six months of the year.

The penetration rate for lease and loan offerings increased by 2.5 percentage points to 43.7 percent.

Driven by a higher average financing amount per contract, new business volume was on previous year’s level despite the slight decrease in new contracts.

Segment earnings amounted to just under 1.2 billion euros, a year-on-year decrease of 19.5 percent.

This results mainly from two topics:

An addition to provisions following the receipt of a revised operational tax assessment for prior years.
And the resale income of end-of-lease vehicles, which was lower than in the second quarter of 2024, yet remains positive on a portfolio basis

The credit loss ratio across the entire loan portfolio remained at a low rate of 0.27 percent.

SLIDE 8: Motorcycles Segment in Q2

In the Motorcycles Segment, deliveries decreased moderately by 8 percent year-on-year.

Segment revenues decreased by 2.8 percent.

Adjusted for currency translation effects, they were on par with the second quarter of 2024.

Segment EBIT in the second quarter totaled 136 million euros, with an EBIT margin of 14.2 percent.

SLIDE 9: Outlook 2025

Ladies and Gentlemen,

Our outlook for the full year is based on assumptions, which are described in detail in our half-year report.

Let me briefly mention some key factors for our business development in 2025.

In China, we have been observing increased monitoring of the automotive market by local regulatory authorities since the last two weeks of June.

This also affects commission payments from local banks to dealerships in connection with brokering retail financial and insurance products, payment terms to the supplier base as well as increased scrutiny of price competition.

Dealer commissions were significantly reduced by local banks in June.

We are closely following these developments and their potential impact on the Chinese automotive market.

Ladies and Gentlemen,

As you recall, our guidance given in March included all tariffs in force as of March 12th.

In our quarterly statement for Q1, we had assessed and included all tariff increases announced as of May 7th and confirmed our original guidance based on certain assumptions.

And in today’s half-year report, we maintain our consistent approach and have also incorporated the effects of all latest announcements.

According to the announcements on July 27th, an agreement between the US and the EU regarding the tariff situation is emerging.

Based on published information by the respective authorities, we expect partial reductions of the currently applicable tariffs between the US and the EU from August 1st.

Additionally, tariff negotiations across the globe are ongoing and may result in further changes.

Therefore, the expected impact from tariffs on our full-year results can still only be estimated based on certain assumptions.

For the full year 2025, we currently expect a burden from tariffs of around 1.25 percentage points on the EBIT margin in the Automotive segment, including mitigations.

Based on our assumptions, the full-year outlook remains unchanged.

On a Group level, we are targeting earnings before tax at previous year’s level.

In the Automotive segment, we expect a slight increase in deliveries and an EBIT margin in a corridor between 5 and 7 percent.

The EBIT margin in the Motorcycles Segment should come in at between 5.5 and 7.5 percent.

In the Financial Services Segment, we expect a Return on Equity in the range of 13 to 16 percent.

SLIDE 10: Q2 and H2 Profitability within Full-Year Target Corridor

Ladies and Gentlemen,

The BMW Group is a truly differentiated global player.

We set ourselves apart in the automotive industry with our global footprint and our highly flexible operations.

This strong strategic positioning enables us to mitigate the impact of tariffs and allows us to adapt swiftly to changing market conditions.

The BMW Group has a focused strategy and a clear plan how to effectively navigate our operating business.

As a result, we were able to provide a comprehensive guidance for the year 2025 in March, including the impact of tariffs.

And we delivered an EBIT margin within the full year target corridor of 5 to 7 percent both in the second quarter and for half-year.

At the BMW Group, we are steering our business carefully and in a consistent manner.

During the last years, we significantly invested in the future of our company, in line with our long-term planning.

In 2024, both capex and R&D reached peak levels.

Starting in 2025, we are reducing R&D and capex spending, as planned.

Our operating costs are also decreasing compared to prior year. Just as in Q1, this is again evident in our Q2 figures.

Based on the results of the first six months, we once again confirm our full-year targets for 2025.

And we remain committed to our long-term goals

of premium profitability and capital return to create value

for all our stakeholders.

Thank you.

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW Group Half-Year Report to 30 June 2025

Thu, 31 Jul 2025 07:31:46 +0200

Attached please find the Half-Year Report to 30 June 2025 for download.

The speeches and telephone conferences for journalists and analysts & investors will be broadcast live on our website https://www.bmwgroup.com/en/investor-relations/company-reports.html:

08.30 am (CEST): Speeches Oliver Zipse and Walter Mertl
09.05 am (CEST): Journalists Q&A
10.15 am (CEST): Analysts & Investors Q&A

The online version of the BMW Group Report 2024 can be explored here: https://www.bmwgroup.com/en/report/2024/index.html

Press Contact: Manuela Heumann
Tel: +49-89-382-24660
E-mail: manuela.heumann@bmw.de

Robust business model – resilient performance: BMW Group on track to meet full-year targets

Thu, 31 Jul 2025 07:30:00 +0200

Munich. The BMW Group showed strong resilience in the first half of the year – building on a solid foundation of consistent strategy, robust customer demand, sustained cost discipline and high flexibility. With sales volumes stable at over 1.2 million premium vehicles, and with potential for further growth, the company reported Group earnings before tax of more than € 5.7 billion and an EBT margin of 8.5% in the first six months of 2025.

The Automotive Segment EBIT margin came in at 6.2%, placing it in the upper half of the 5.0-7.0% annual target range, published in March. The segment's free cash flow for the first half-year was € 2.345 billion. At the six-month mark, the BMW Group is therefore on track to meet its targets for the year.

"Our performance in the first half of 2025 once again underscores the robustness of our business model. Our success today, as well as in the future, is based on three strong pillars: our global footprint, our strength in innovation, and our technology-neutral approach with highly attractive products," said Oliver Zipse, Chairman of the Board of BMW AG. "In September, we will begin a new era for BMW when the first vehicle of the NEUE KLASSE makes its debut at the IAA Mobility. With the BMW iX3*, we are kicking off an unprecedented product ramp-up: by 2027, we will launch more than 40 new and revised models across all segments and drive types. Each vehicle will embody the innovative technology clusters and the new design language. This way, we connect technological advancement and exciting products with strategic foresight and economic efficiency."

By offering different drive technologies and a comprehensive range of models, the premium manufacturer from Munich is able to meet diverse customer preferences, reporting growth across numerous markets: Outside of China, BMW deliveries rose across all sales regions, with the brand recording slight growth of +4.7%.

Benefiting from full availability of the New MINI Family, the British cult brand reported significant growth of 17.4% in the first half of the year, with a total of 133,838 vehicles sold. MINI deliveries increased in all regions of the world.

In Europe, the BMW Group posted solid sales growth of +8.2%, with 498,670 units sold (Q2 deliveries: 256,487 units; +10.2%).
In the Americas region, deliveries increased by +3.4% to 237,972 vehicles (Q2: 123,254 units; +1.7%).

Deliveries in the US market rose by +2.7% year-on-year, with a total of 193,826 vehicles delivered to customers (Q2: 98,856 units; +1.4%).

Electrified models and BMW M vehicles with increased sales volumes

With a 26.4% share (Q2: 26.0%) of total sales in the first six months, more than one in four BMW Group vehicles delivered – precisely 319,031 units – was electrified. Europe recorded the highest growth rates for BEVs and PHEVs, at 34,8%.

Alongside electrified vehicles (+6.5%), the high-performance models of the BMW M brand were the main growth drivers for the BMW brand: With nearly 106,000 vehicles sold (+6.5% compared to HY1 2024), BMW M GmbH reported the highest first-half-year sales in its history. The BMW M3* and BMW M3 Touring*, together with the BMW M5* and BMW M5 Touring* introduced at the start of the year, made a significant contribution to this result.

MINI grows with BEV models

MINI’s sales growth also stemmed mainly from MINI BEVs: the MINI Cooper Electric*, the MINI Aceman Electric* and the MINI Countryman Electric*. With a 34.3% share in the first half-year, more than one in three MINIs delivered to customers worldwide was battery-electric.

In the first half of 2025, the Rolls-Royce brand built on the previous year’s strong sales performance, delivering 2,796 handcrafted luxury motor cars to customers (-0.8%). In the second quarter, it increased its sales by +9.4% year-on-year to 1,415 units.

The growing percentage of electrified vehicles confirms the BMW Group's successful approach of offering its customers a broad range of models, all available with different drive technologies. More than 15 fully-electric vehicles and 12 PHEVs are currently available. In the second quarter of 2025, the BMW Group reached a major milestone in its drive train strategy, with the delivery of its 1.5-millionth BEV since the launch of the first BMW i3 in 2013.

Group EBT margin of 8.5% in first half-year

Group revenues for the first half-year totalled € 67,685 million(2024: € 73,558 million/-8.0%; adjusted for currency translation effects: -7.1%; Q2: € 33,927 million; Q2 2024: € 36,944 million; -8.2%; adjusted for currency translation effects: -5.5%).

Compared with the previous year, revenues were pressured by currency translation headwinds and the expected subdued demand in China. The positive impact of strong growth in new leasing business at BMW Group Financial Services resulted in higher revenue eliminations between segments, which dampened Group revenues.

Following a peak in R&D spending and capital expenditure in 2024, this trend was reversed, as expected, in the first half of the year – without compromising the premium manufacturer's commitment to innovation leadership.

Driven by a strong operating performance, the BMW Group’s expenditure for research and development totalled € 4,020 million in the first six months of the year (2024: € 4,169 million/-3.6%). This figure was down slightly on the previous year, despite intensive preparations for the upcoming models of the NEUE KLASSE, including the BMW iX3 and other successor models. R&D spending focused on digitalisation of the vehicle fleet and electrification across all model series. As planned, administrative and sales expenses were reduced, and capital expenditure for property, plant and equipment also declined.

Between January and June, the BMW Group reported pre-tax earnings (EBT) of € 5,727 million (2024: € 8,023 million/-28.6%; Q2: € 2,614 million; Q2 2024: € 3,861 million; -32.3%).

The EBT margin for the first half year was 8.5% (2024: 10.9%; in Q2: 7.7%; Q2 2024: 10.5%). Group net profit for the first half of the year totalled € 4,015 million (2024: € 5,656 million/-29.0%; Q2: € 1,842 million/-31.9%).

Automotive Segment EBIT margin within annual target range

In the first half of the year, the Automotive Segment generated revenues of € 58,654 million (2024: € 63,009 million/-6.9%; adjusted for currency translation effects: -5.9%; Q2: € 29,443 million; -8.2%; adjusted for currency translation effects: -5.3%). This year-on-year decrease was mainly due to currency translation headwinds and due to the expected decline in sales revenues in China.

Segment earnings before financial result (EBIT) for the first half-year amounted to € 3,626 million (2024: € 5,394 million/-32.8%; Q2: € 1,602 million; -40.3%). The EBIT margin came in at 6.2% (2024: 8.6%; Q2: 5.4%). Excluding depreciation and amortisation from the BBA purchase price allocation, the EBIT margin for the first half-year was 7.3%. The impact of tariff increases – particularly the European Commission’s anti-subsidy measures on Chinese BEVs and the sharp rise in US tariff duties – created headwinds in the automotive segment corresponding to the amount of around 1.5%-points of its EBIT margin in the first half-year.

“Even despite higher tariffs, the BMW Group’s business model remains intact – our popular premium vehicles, global competitive strength and high level of resilience provide us with a strong and sustainable foundation. Our footprint in the US is helping us limit the impact of tariffs,” said Walter Mertl, member of the Board of Management responsible for Finance, during the quarterly conference call in Munich. “Thanks to precise financial control, based on calculated forecasts, we are firmly on track to achieve our targets for the year at the six-month mark. Higher efficiency and optimised cost structures also contribute to achieving our financial goals.”

Free cash flow of € 2,345 million in Automotive Segment in YTD June

After six months, free cash flow in the Automotive Segment totalled € 2,345 million (2024: € 2,289 million) and was thus on track for the annual guidance.

The BMW Group is still targeting a free cash flow of > € 5 billion in the Automotive Segment for the full year.

From January to June, capital expenditure for property, plant and equipment and intangible assets amounted to € 2,736 million (2024: € 3,456 million/-20,8%). The capex ratio came in at 4.0% (Q2: 4.5%; HY1 2024: 4.7%; Q2 2024: 5.8%).

Dynamic performance continues in Financial Services Segment

In the Financial Services Segment, dynamic growth in new leasing business continued in the first six months of the year: The volume of new leasing business rose significantly (+9.5%), with the leasing share of total new business increasing to 40.0% (2024: 35.5%/+4.5% percentage points). The segment concluded a total of 824,672 new financing and leasing contracts worldwide in the first half of the year (2024: 849,908 contracts/-3.0%). This represents a slight year-on-year decrease, owing to the lower number of new contracts concluded in China.

The percentage of new BMW Group vehicles leased or financed by the Financial Services Segment reached 43.7% by the end of the reporting period (2024: 41.2%/+2.5 percentage points).
Thanks to a higher financed amount per vehicle, the volume of new business remained stable at € 31,893 million in the first half of 2025 (2024: € 31,677 million/+0.7%).

In the six-month period, the Financial Services Segment achieved earnings before tax of € 1,192 million (2024: € 1,481 million/-19.5%). In addition to allocations to provisions, the decline in earnings was primarily driven by lower income from the resale of end-of-lease vehicles in the year-on-year comparison, with the number of such vehicles remaining below the previous year's level.

During the reporting period, the credit loss ratio stood at 0.27% across the entire loan portfolio (2024: 0.25%).

BMW Motorrad half-year EBIT margin reported at 12.0%

In the year to the end of June, BMW Motorrad delivered 105,909 motorcycles and scooters to customers (2024: 113,072 units; -6.3%). The segment EBIT margin came in at 12.0% (2024: 11.6%)

BMW AG continues share repurchase programme

The Annual General Meeting in May 2025 authorised the Board of Management to buy back up to 10% of BMW AG's share capital over the next five years. Based on this new authorisation, the Board of Management has approved a third share repurchase programme with a volume of up to € 2 billion, to be completed no later than 30 April 2027. Acquisition of the first tranche of € 750 million began in May 2025 and will be completed no later than December 2025. This underlines the consistent execution of the company’s shareholder return strategy.

BMW Group on course to meet guidance

The latest forecasts of IMF expect a global economic growth of 3.0% this year – eventually impacted by current trade disputes, the potential for higher inflation and ongoing uncertainties among companies and consumers.

The BMW Group expects increasing demand in many markets in 2025, driven by a stabilizing inflation rate and further moderate interest rate cuts. In China, high competition alongside with significant growth are further forecasted, particularly within the lower price segments.

In the USA, permanent tariffs could manifest in rising inflation. US trade policy and potential countermeasures from other countries may lead to slower global economic development.

The forecast published in the BMW Group Report 2024** in March 2025 took into account all tariff increases that had come into effect by March 12, 2025. Following the announcements on July 27, 2025, an agreement between the USA and the EU regarding the customs situation has been reached. Based on this, the BMW Group expects a partial reduction of the currently applicable mutual tariffs for automobiles and production parts from 1 August 2025. Due to the dynamic developments and ongoing negotiations, the expected tariff effects for the current fiscal year can still only be represented through assumptions regarding continuing negotiations. The forecast also includes mitigating measures to dampen the impact of the increased tariffs. In the fiscal year 2025, the BMW Group expects a tariff-related impact of approximately to 1.25 percentage points on the EBIT margin in the Automotive segment.

Given the sustained demand for its attractive premium vehicles, the BMW Group is able to confirm its guidance for the year.

The company expects slight growth in sales, with the share of fully electric vehicles in deliveries rising slightly.

Due to the factors mentioned above, Group earnings before tax are expected to be on a par with the previous year.***The EBIT margin for the Automotive Segment is forecast to be within the range of 5.0-7.0%. RoCE should be between 9-13%.

In the Financial Services Segment, RoE is projected to be between 13-16%.

In the Motorcycles Segment, a slight increase in sales and an EBIT margin within the range of 5.5-7.5%are forecast, with a RoCE of 13-17%.

The above targets will be achieved with the current number of employees.

The BMW Group’s actual business performance may deviate from the expectations described above – for example, due to changes in political and macroeconomic conditions. Earnings risks could arise, among other things, from changes in customs policy, while opportunities lie in a reduction of existing tariffs or their validity period. The company continues to monitor macroeconomic developments very closely.

The BMW Group – an overview: IN Q2 2025		IN Q2 2025	IN Q2 2024	Change in %
Deliveries to customers
Automotive¹	units	621,477	618,743	0.4
thereof: BMW	units	550,839	565,490	-2.6
MINI	units	69,223	51,959	33.2
Rolls-Royce	units	1,415	1,294	9.4
Motorcycles	units	61,300	66,638	-8.0

Employees (as of 31 Dec. 2024)		159,104
EBIT margin Automotive Segment	percent	5.4%	8.4%	-3.0%-Pts.
EBIT margin Motorcycles Segment	percent	14.2%	11.1%	+3.1%-Pts.
EBT margin BMW Group²	percent	7.7%	10.5%	-2.8%-Pts.

Revenues	€ million	33,927	36,944	-8.2
thereof: Automotive	€ million	29,443	32,070	-8.2
Motorcycles	€ million	961	989	-2.8
Financial Services	€ million	9,978	9,742	2.4
Other Entities	€ million	3	3	0.0
Eliminations	€ million	-6,458	-5,860	10.2

Profit before financial result (EBIT)	€ million	2,661	3,877	-31,4
thereof: Automotive	€ million	1,602	2,684	-40,3
Motorcycles	€ million	136	110	23.6
Financial Services	€ million	591	725	-18.5
Other Entities	€ million	-3	-8	-62.5
Eliminations	€ million	335	366	-8.5

Profit before tax (EBT)	€ million	2,614	3,861	-32,3
thereof: Automotive	€ million	1,613	2,627	-38,6
Motorcycles	€ million	136	110	23.6
Financial Services	€ million	542	751	-27.8
Other Entities	€ million	177	295	-40.0
Eliminations	€ million	146	78	87.2

Group income taxes	€ million	-772	-1,156	-33,2
Net profit	€ million	1,842	2,705	-31,9
Earnings per share of common stock	€	2.85	4.15	-29.6
Earnings per share of preferred stock³	€	2.86	4.16	-29.6

¹ Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang.

² Ratio of Group earnings before taxes to Group revenues

³ Common/preferred shares. Earnings per share of preferred stock are calculated by distributing the earnings required to cover the
additional dividend of € 0.02 per preferred share proportionally over the quarters of the corresponding financial year.

The BMW Group – an overview: In HY1 2025		HY1 2025	HY1 2024	Change in %
Deliveries to customers
Automotive¹	units	1,207,594	1,213,276	-0.5
thereof: BMW	units	1,070,960	1,096,423	-2.3
MINI	units	133,838	114,034	17.4
Rolls-Royce	units	2,796	2,819	-0,8
Motorcycles	units	105,909	113,072	-6.3

Employees (as of 31 Dec. 2024)		159,104
EBIT margin Automotive Segment	percent	6.2%	8.6%	-2.4%-Pts.
EBIT margin Motorcycles Segment	percent	12.0%	11,6%	+3.4%-Pts.
EBT margin BMW Group²	percent	8.5%	10.9%	-2.4%-Pts.

Revenues	€ million	67,685	73,558	-8.0
thereof: Automotive	€ million	58,654	63,009	-6.9
Motorcycles	€ million	1,767	1,861	-5.1
Financial Services	€ million	20,104	19,267	4.3
Other Entities	€ million	6	7	-14.3
Eliminations	€ million	-12,846	-10,586	21.3

Profit before financial result (EBIT)	€ million	5,803	7,931	-26.8
thereof: Automotive	€ million	3,626	5,394	-32,8
Motorcycles	€ million	212	216	-1.9
Financial Services	€ million	1,243	1,439	-13.6
Other Entities	€ million	-9	-13	-30.8
Eliminations	€ million	731	895	-18.3

Profit before tax (EBT)	€ million	5,727	8,023	-28,6
thereof: Automotive	€ million	3,517	5,330	-34,0
Motorcycles	€ million	211	216	-2.3
Financial Services	€ million	1,192	1,481	-19.5
Other Entities	€ million	472	696	-32.2
Eliminations	€ million	335	300	11.7

Group income taxes	€ million	-1,712	-2,367	-27.7
Net profit	€ million	4,015	5,656	-29.0
Earnings per share of common stock	€	6.23	8.57	-26.5
Earnings per share of preferred stock³	€	6.24	8.58	-26,5

¹ Deliveries include the joint venture BMW Brilliance Automotive Ltd., Shenyang. ² Ratio of Group earnings before taxes to Group revenues
³ Common/preferred shares. Earnings per share of preferred stock are calculated by distributing the earnings required to cover the additional dividend of € 0.02 per preferred share proportionally over the quarters of the corresponding financial year.

**see BMW Group Report 2024, p.261.

***As of 1 January 2025, the forecast range for Group EBT has been adjusted. For details, please refer to the glossary in the BMW Group Report 2024.

GLOSSARY – explanatory comments on key performance indicators

BEV

Battery Electric Vehicle.

Deliveries to customers

EBIT

Profit before financial result. Profit before financial result comprises revenues less cost of sales, less selling and administrative expenses and plus/minus net other operating income and expenses.

EBIT margin

Profit/loss before financial result as a percentage of revenues.

EBT

EBIT plus financial result.

EBT Margin

Profit/loss as a percentage of revenues.

PHEV

Plug-in-hybrid electric vehicle.

RoCE

Return on capital employed (RoCE). RoCE in the Automotive and Motorcycles segments is measured on the basis of relevant segment profit before financial result and the average amount of capital employed – at the end of the last five quarters – in the segment concerned. Capital employed corresponds to the sum of all current and non-current operational assets, less liabilities that generally do not incur interest.

RoE

Return on equity (RoE). RoE in the Financial Services segment is calculated as segment profit before taxes, divided by the average amount of equity capital – at the end of the last five quarters – attributable to the Financial Services segment.

If you have any questions, please contact:

BMW Group Corporate Communications

Dr Britta Ullrich, Finance Communications

Telephone: +49 151 601 18364

Sebastian Keßler, Communications BMW Group, Strategy

Telephone: +49 89 382-21616

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

The BMW Group

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

CO2 EMISSIONS & CONSUMPTION.

BMW M3 Competition Limousine mit M xDrive: Energieverbrauch kombiniert: 10,2–10,1 l/100 km (WLTP); CO₂-Emissionen kombiniert: 230–228 g/km (WLTP); CO₂-Klasse(n): G

BMW M3 Competition Touring mit M xDrive: Energieverbrauch kombiniert: 10,4 l/100 km (WLTP); CO₂-Emissionen kombiniert: 235 g/km (WLTP); CO₂-Klasse(n): G

BMW M5 Limousine: Energieverbrauch gewichtet kombiniert: 26,8 kWh/100 km und 1,9 l/100 km (WLTP); CO₂-Emissionen gewichtet kombiniert: 43 g/km (WLTP); CO₂-Klassen: Bei entladener Batterie G; gewichtet kombiniert B; Kraftstoffverbrauch bei entladener Batterie: 10,7 l/100 km (WLTP)

BMW M5 Touring: Energieverbrauch gewichtet kombiniert: 27,6 kWh/100 km und 2 l/100 km (WLTP); CO₂-Emissionen gewichtet kombiniert: 45 g/km (WLTP); CO₂-Klassen: Bei entladener Batterie G; gewichtet kombiniert B; Kraftstoffverbrauch bei entladener Batterie: 10,9 l/100 km (WLTP)

BMW iX3: Energieverbrauch kombiniert: 18,0 kWh/100 km (WLTP); CO₂-Emissionen kombiniert: 0 g/km (WLTP); CO₂-Klasse(n): A

MINI Cooper 3-Türer: MINI Cooper S Pflichtangaben gemäß Pkw-EnVKV nach WLTP: Energieverbrauch kombiniert in l/100km: 6,4; CO2-Emissionen kombiniert in g/km: 144; CO2-Klasse: E

MINI Aceman Electric: MINI Aceman SE Pflichtangaben gemäß Pkw-EnVKV nach WLTP : Energieverbrauch kombiniert in kWh/100 km: 14,6; CO2-Emissionen kombiniert in g/km: 0; CO2-Klasse: A

MINI Countryman: MINI Countryman C Pflichtangaben gemäß Pkw-EnVKV nach WLTP: Energieverbrauch kombiniert in l/100km: 6,2; CO2-Emissionen kombiniert in g/km: 141; CO2-Klasse: E

Press Contact: Britta Ullrich
Tel: +49-89-382-18364
E-mail: britta.ullrich@bmwgroup.com

BMW Group brings on board media agency Dentsu to kickstart its new media strategy for Europe.

Tue, 29 Jul 2025 16:00:00 +0200

Munich. The BMW Group has brought the Dentsu media agency on board to kickstart its new European media strategy for the BMW, MINI and BMW Motorrad brands. From 1 January 2026, Dentsu will also support the BMW Group globally. This means that the expertise of Dentsu – one of the world’s leading marketing and communications agencies – will be used to create a uniform and powerful media presence. As part of the new constellation, media and marketing approaches are being adapted to the requirements of digitalisation and sustainability. The focus here is on artificial intelligence (AI), centralised data management, hybrid teams and integrated platforms (media hubs). The aim is to make campaigns more efficient, more targeted and more responsible.

“I am personally very excited to have Dentsu as our new media agency partner. Together we are entering a new chapter for a communication truly focused on the European customer,” says Uwe Dreher, Vice President Marketing BMW Europe, and adds: “Our goal to act in a highly data-driven and targeted multi-channel and multiple market planning approach elevated via state-of-the-art AI tools to increase efficiency and impact has been reached – the execution will accelerate marketing Return on Investment for our markets even further. BMW Marketing Europe is excited to be launching our Neue Klasse in this new constellation.”

Tailor-made communications for the Neue Klasse era.
The aim of the call for tenders was to ensure seamless, brand-compliant BMW Group communications across all media channels – at both the national and international level. Awarding the European media business to Dentsu is an important step towards implementing the European media strategy. The consolidation of media activities forms the basis of a standardised solution across all of Europe. The launch of the new agency constellation coincides with the market launch of the Neue Klasse and marks a new era, characterised by highly innovative vehicle technologies on the one hand and a fundamentally new understanding of the brand and communications on the other. The new media approach reflects this transformation.

AI-controlled, with a centralised European media hub.

The comprehensive use of artificial intelligence will be a key factor. Advanced AI tools will bring even greater precision to media planning. Target groups will be recognised and reached more accurately and decisions made on the basis of concrete data – measurable performance indicators. This will verifiably increase the real-time effectiveness and efficiency of advertising across all customer touchpoints.

Another key element of the new set-up is the creation of an integrated media hub. Online and offline media will be seamlessly combined on this platform. This enables cross-channel synergies to be recognised and exploited. It helps ensure transparency and makes for efficient planning and implementation. Centralisation enables consolidated control of all activities and channels as well as centralised data analysis. Even so, there will always be room for localisation: national market conditions and cultural specifics – and differentiated responses to them – are additional factors for success.

Integration of all BMW Group brands.

The new media strategy follows a multi-brand approach: BMW, MINI and BMW Motorrad will be looked at in combination. This creates new opportunities for optimisation across the various media, supported by hybrid teams combining on‑shore, near-shore and off-shore expertise. This know-how from many international markets creates additional flexibility and quality in implementation and is a response to the rapidly changing requirements in the international media business.

Customer focus: media optimisation along the entire customer journey.
The new model consistently focuses on the customer journey – from the first impulse, the first encounter, all the way to vehicle purchase. Target groups are addressed more precisely, delivering even greater emotional and situation-specific impact. The transition to a more performance-focused planning approach, where factors such as real-time data and sales targets play a key role, significantly increases the measurable impact of media communications. At the same time, the planning approach supports direct sales and aids the transformation towards a sustainable retail model.

Sustainability and responsibility in media communications.
Another key consideration in the BMW Group’s choice of agency partner was sustainability. This aspect was systematically integrated into the evaluation of potential agency partners. Examples include production processes marked by a reduced carbon footprint and ethically transparent media bookings.

In case of queries, please contact:

Corporate Communications

Cypselus von Frankenberg, Product Communication BMW Automobiles

Telephone: +49-89-382-30641

E-mail: Cypselus.von-Frankenberg@bmw.de

Alexandra Landers, Head of Product and Brand Communication BMW

Telephone: +49-89-382-30871

E-mail: Alexandra.Landers@bmw.de

Internet: https://newsroom.bmwgroup.com/global/en

E-mail: presse@bmw.de

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales network in more than 140 countries.

In 2024, the BMW Group sold over 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2023 was € 17.1 billion on revenues amounting to € 155.5 billion. As of 31 December 2023, the BMW Group had a workforce of 154,950 employees.

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Cypselus von Frankenberg
Tel: +49-89-382-30641
E-mail: cypselus.von-frankenberg@bmw.de

BMW Group shows positive sales development in second quarter of 2025

Thu, 10 Jul 2025 11:01:00 +0200

Munich. The BMW Group reported higher sales year-on-year in the second quarter: Between April and June, deliveries of BMW, MINI and Rolls-Royce vehicles increased by +0.4% to 621,271 units. In the first half of the year, the company delivered a total of 1,207,388 vehicles (-0.5%). Electrified vehicles saw significant sales growth compared to the previous year. With 318,949 fully-electric and plug-in hybrid vehicles delivered to customers, the BMW Group grew its sales by +18.5% in the first half of 2025. New orders across all drive technologies developed positively in the first six months, showing significant year-on-year growth.

“Thanks to our attractive product line-up, we were able to close the second quarter successfully. Between April and June, the BMW Group reported sales growth of +0.4% compared to the same period last year,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “In the second quarter, we also achieved an important milestone, with the delivery of our 1.5-millionth fully-electric vehicle. This success underlines once again how the BMW Group has evolved from an electric pioneer to one of the leading players in the BEV market – now offering more than 15 fully-electric models,” added Goller.

The BMW brand delivered 1,070,814 vehicles to customers in the first half of the year. During the same period, the brand increased its deliveries in all regions outside of China. The BMW brand posted strong growth in the Europe and Middle East regions.

Electrified vehicle sales also increased compared to the same period last year. With 272,402 electrified units delivered in the first half-year, the BMW brand achieved growth of +6.5%. Its plug-in hybrids (PHEVs), in particular, are seeing a surge in demand. In the first half of the year, the BMW brand delivered 98,339 PHEVs to customers – an increase of +28.9% year-on-year. BMW M GmbH sales were up +6.5%, with over 100,000 vehicles sold in the half-year period from January to June for the first time, marking BMW M GmbH's most successful half-year ever. The BMW M5* and BMW M5 Touring*, released in late 2024, continue to enjoy strong popularity, making significant contributions to sales growth.

The full availability of the New MINI Family showed results in the first half of the year: With a total of 133,778 vehicles sold, the MINI brand reported strong year-on-year growth of +17.3%. The brand grew in all regions worldwide. MINI also posted growth in the Chinese market in the first half-year. MINI’s fully-electric models experienced strong global demand and were the brand's main growth driver. In the first half of the year, more than one in three MINIs sold worldwide was a BEV.

The Rolls-Royce brand increased its sales by +9.4% year-on-year in the second quarter. In the first half of the year, the brand delivered 2,796 vehicles (-0.8%). In the first six months of 2025, BMW Motorrad sold 105,909 motorcycles and scooters to customers (-6.3%).

BMW Group sales in Q2/YTD June 2025 at a glance

	2nd Quarter 2025	Compared with previous year %	YTD June 2025	Compared with previous year %
BMW Group Automotive	621,271	+0.4%	1,207,388	-0.5%
BMW	550,693	-2.6%	1,070,814	-2.3%
- BMW M GmbH	55,439	+7.8%	105,939	+6.5%
MINI	69,163	+33.1%	133,778	+17.3%
BMW Group electrified¹	161,462	+10.2%	318,949	+18.5%
BMW Group BEV	111,027	+2.9%	220,540	+15.7%
Rolls-Royce	1,415	+9.4%	2,796	-0.8%
BMW Motorrad	61,309	-8.0%	105,909	-6.3%

¹BEVs and PHEVs

BMW & MINI sales in the regions/markets

	2nd Quarter 2025	Compared with previous year %	YTD June 2025	Compared with previous year %
Europe	255,910	+10.1%	497,778	+8.2%
Germany²	73,740	+7.8%	135,182	+3.6%
Asia	224,109	-10.1%	438,294	-11.1%
China	162,667	-13.7%	317,862	-15.5%
Americas	122,866	+1.7%	237,167	+3.4%
USA	98,504	+1.4%	193,091	+2.7%

²Provisional registration figures

BMW Group Corporate Communications

Dr Sina Unger, Communications Sales
Telephone: +49 151 601 47564
Email: sina.unger@bmwgroup.com

Carolin Bachmann, Communications Sales
Telephone: +49 151 601 38801
Email: carolin.bachmann@bmwgroup.com

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales
Telephone: +49 89 382-24118
Email: max-morten.borgmann@bmwgroup.com

CO2 EMISSIONS & CONSUMPTION.

BMW M5 Limousine: energy consumption weighted: 26,8 kWh/100 km and 1,9 l/100 km (WLTP); CO₂ emissions weighted combined: 43 g/km (WLTP); CO₂ class unloaded battery: G; weighted combined B

BMW M5 Touring: energy consumption weighted: 27,6 kWh/100 km and 2 l/100 km (WLTP); CO₂ emissions weighted combined: 45 g/km (WLTP); CO₂ class unloaded battery G; weighted combined B

Press Contact: Sina Unger
Tel: +49-151-60147564
E-mail: sina.unger@bmwgroup.com

Enter the Cloud.

Thu, 26 Jun 2025 11:30:44 +0200

Munich. Tomorrow, the new fine-dining restaurant at BMW Welt will welcome its first customers. Since the start of the year, head chef Jens Madsen – who follows in the footsteps of Bobby Bräuer in the exclusive surroundings of BMW Welt – has been working together with BMW Group Designworks, the BMW Group's innovation studio, on a unique new concept: THE CLOUD by Käfer. Here, Madsen, restaurant manager Mona Röthig, sommelier Luigi Pecchia and their team will introduce guests to the “CULINARY NOMADISM” vision successfully trialled at a pop-up event in April.

The restaurant’s opening season will explore the theme “NOMADIC EARTH”, as Madsen escorts his guests on a culinary voyage.

“With Nomadic Earth, we are writing the first chapter in our new travelogue. We want to offer our guests a special experience of elite-level cuisine that expands their horizons and blends aromas and textures from around the world with the finest produce from our local region – with surprising yet cohesive results. In Jens Madsen, Mona Röthig and Luigi Pecchia, we have assembled a team who are turning this ambitious vision into masterful reality with exceptional skill and passion,” explains Michael Käfer.

“To bring Käfer’s vision to life, Designworks developed the spatial concept and storytelling for THE CLOUD. Materials, forms, and details come together to create an atmosphere that is sensual, full of contrast, and emotionally engaging. In this way, the design becomes an integral part of the overall culinary experience,” says Anders Warming, Head of BMW Group Designworks.

“With THE CLOUD by Käfer, we are adding a new dimension to the BMW Welt experience. In addition to vehicle handovers, we can now also offer our guests an inspirational culinary journey in a unique setting created by BMW Group Designworks Munich. Here, in the upper reaches of BMW Welt on its third level, guests enjoy an impressive view over the inside of the building, while immersed in a fine-dining experience,” adds Sandra Wittemer, Head of BMW Welt.

The experts at BMW Group Designworks and Käfer have worked together closely since 2023 to create a space for all the senses and make a visit to THE CLOUD by Käfer truly unforgettable. Light, music, visual and haptic features flow into one another; every light and every piece of furniture contributes to the experience as a whole. For the execution of the project, BMW Group Designworks collaborated with renowned partners including architectural and design studio hildmannwilke, German lighting design brand Occhio, the artist Oscar Zabala – known for his generative audio-visual performances and installations – and innovative Swiss fabric manufacturer Jakob Schlaepfer, supplier to haute couture fashion houses around the world.

The eight-course menu with complementary side dishes brings regional produce – such as goat’s milk from Lenggries, char from Kinsau and venison from the Poltinger Forest – together with dukkah, black pepper soup and pearl emmer pilaf. And the milk-fed veal brochette is inspired by snacks typically served with a beer in African bars. Jens Madsen takes prime cut of veal, skewered on a spike, and serves it with tiger nut, chapati and habanero pepper.

The philosophy behind Madsen’s cuisine is very much his own and is rooted in movement, memory and origin. This new concept new brings together culinary traditions, skills and spices from around the world with top-quality local produce to create highly distinctive cuisine. In Season 1 at THE CLOUD by Käfer, this features aromas and ingredients from eastern and southern Africa, combined with the delicacies and rhythm of Bavaria. Each course reflects a particular stop on a culinary journey, in some cases inspired by faraway shores, at other times recalling pastures closer to home. It all goes into making cuisine that exudes a curiosity for global influences yet embraces its local roots, appealing to the senses, sparking wonder and surprise, and staying open to new perspectives.

Elegant and inviting, with a technically refined aesthetic, the restaurant displays clear references to the design language of BMW. After ascending to the third level of the “floating” structure conceived by COOP Himmelb(l)au, the guests embark on their journey after leaving the elevator. Arriving on Moon Island, they can take a moment to tune into the feel of the evening. They are greeted in understated style by a digital artwork featuring a quarter moon, which gradually morphs from the golden hour through soft twilight to the deep blue tones of the night.

At the Biophilic Bar, made from Perlino marble, artistically presented ingredients from the menu arouse the guests’ curiosity about the dining to come as they enjoy an aperitif. They then move on to the Slim Bar, where a personalised cocktail will be served – and where they can also round off their journey later on with a concluding drink. Here, the golden hour transitions into the blue hour. The guests then move on through the Chef’s Atelier, decorated with travel photos and exotic examples of kitchenware, until they finally reach the Dining Cloud, taking their seats at tables with panoramic views over BMW Welt. Floating over the centre of this space is the amorphous cloud-like installation from which it takes its name. Made from a transparent, featherweight fabric material, and brought to weightless, constantly changing life by a projection, it reprises both the golden colour of sunset and the deep blue of midnight.

Between the kitchen and the Dining Cloud stands a five-ton monolith made of titanium stone. On this impressive stage, the kitchen team put the finishing touches to the plates, before the servers take them to their recipients. The guests are given another hint of what is happening in the kitchen by a one-way mirror with 15 per cent transparency, which provides glimpses without revealing the whole picture.

BMW Group Corporate Communications

Lisa Meindl, Spokesperson BMW Museum and BMW Welt

Telephone: +49-89-382-31668

E-mail: lisa.meindl@bmw.de

Simone Bauer, Communications BMW Welt

Telephone: +49 151 601 414 52

E-mail: simone.bauer@bmw.de

Internet: https://newsroom.bmwgroup.com/global/en

E-mail: presse@bmwgroup.com

About BMW Group Designworks

Designworks is the BMW Group's innovation studio and a global creative consultancy at the intersection of design, technology and innovation. The "Architects of Future" focus on mobility, product and digital life design as well as strategic design consulting.

The creative studio was acquired by the BMW Group in 1995. Designworks acts as a driving force for all brands of the parent company and as an innovation driver for a large number of clients in a wide range of industries, such as IT and consumer electronics, aviation technology, the medical and environmental sectors, and the lifestyle and sports industries. The studio was founded in 1972 in Malibu, California by Chuck Pelly. Holger Hampf has been at the helm of the consulting agency since 2017.

About Käfer at BMW Welt

Käfer arrived at BMW Welt in October 2012, and now operates the Cooper's Garden bistro, Biker’s Lodge café, Bavarie restaurant and THE CLOUD by Käfer fine-dining restaurant. A bespoke culinary concept was developed by Käfer for the new partnership that takes into account the wide variety of guests visiting Bavaria’s most popular attraction. From the people who work at BMW Welt and customers collecting their new cars, to families from the Munich area, tourists from around the world and discerning aficionados of gourmet cuisine – the various eateries offer a broad spread of options for every taste. Particular emphasis has been placed on bringing together regionality and internationality – reflecting the Munich-based heritage of BMW and Käfer – with sustainability front and centre.

The BMW Group

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/

Press Contact: Lisa Meindl
Tel: +49-89-382-31668
E-mail: lisa.meindl@bmw.de

Everything at one glance: the latest BMW Welt Information.

Tue, 27 May 2025 10:04:00 +0200

Munich. BMW Welt showcases not only BMW Group Brands, but also exciting future-focused topics to be experienced by a diverse public audience.

These days, it’s impossible to imagine Munich’s skyline – not to mention the cultural and events scene of the Bavarian capital – without BMW Welt.

As one of the most visited sites in Bavaria, BMW Welt is renowned for its award-winning futuristic architecture, as well as its main attraction: the opportunity to experience BMW Group brands up close. This happens in exciting workshops during which children and adults alike can deeply engage with future-focused topics.

Press Contact: Lisa Meindl
Tel: +49-89-382-31668
E-mail: lisa.meindl@bmw.de

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, 105th Annual General Meeting of BMW AG on 14th May 2025, Livestream from the Olympic Hall in Munich

Wed, 14 May 2025 10:36:00 +0200

- Check against delivery –

Robust. Dependable. With a clear focus on the future.

The BMW way – for the success of your company.

Dear Shareholders!

Our lives are increasingly digital – and, in global business, virtual formats offer many advantages. But, let's not forget – people are not digital. We all still value meeting face to face. We want to look each other in the eye.

That is why it is great to see so many of you here today, in the Olympiahalle. And to everyone joining us remotely: A very warm welcome to you as well!

This is your company’s 105th Annual General Meeting!

The heart of BMW beats all over the world. BMW is a global team, united by a strong sense of community. 159,000 people: highly motivated. High-performing. Innovative. Together, we are the BMW Group.

Of course, one could also say: BMW, that's just a DAX-listed company. A reliable employer; at its core, it remains an abstract construct.

But everyone at the company knows that BMW is so much more than that! That is why we stand together. Time and again, we have proven that we seize opportunities, act swiftly and adapt with remarkable flexibility. We learn from the unexpected – which is what truly matters. We then emerge stronger than before – just as we did after the global financial crisis and the Covid pandemic.

We make decisions with a long-term perspective.

This mindset goes back to entrepreneur Herbert Quandt, whose family continues his legacy – much like we do here at BMW.

You, our shareholders, remain by our side in this. You give us entrepreneurial freedom – and that is a privilege we value, especially in turbulent times.

Today, our environment is more dynamic than ever.

We face highly complex challenges, shaped by conflicting priorities and paradoxes. Above all, we are confronted with new geopolitical realities that directly affect our business.

At the same time, our industry is undergoing significant change. The shift towards e-mobility is just one facet of a broader, all-encompassing process – a technology race that culminates in elimination of some players.

When things are uncertain, many stay stuck in “neutral”, waiting. Not your company! We are now shifting into “sport mode” –hands on the wheel, eyes on the road. Standing here on stage is the BMW Vision Neue Klasse you are already familiar with. Later on, I’ll even show you the first two production models of the NEUE KLASSE. Our vision is becoming reality, as we reach the next milestones for BMW and the entire company.

By anticipating trends in the marketplace early, we consistently manage to make major technological leaps at exactly the right time. We invest proactively in electrification, digitalisation, our production network, our products and the NEUE KLASSE. By 2024, we will have reached the peak of our investment and R&D activities, with expenditure in each area exceeding nine billion euros. This is a peak, not a plateau.

We have invested a considerable amount of money.

In the years ahead, the full impact of these upfront investments will become clear – just as I promised. We are realising our plans for the future with your best interests in mind. You, our shareholders, should benefit from the continuing success of your company, alongside our employees.

That is why we remain firmly committed to our shareholder return strategy: We are proposing a dividend payout of 36.7 percent of our unappropriated profit – which would amount to a total of 2.6 billion euros. If you approve our proposed dividend, this will be our highest-ever payout ratio.

Your company is in a strong position, focused on the future:

We are digitalising our vehicles and leveraging tech clusters and architectures with massive scaling potential. We are utilising artificial intelligence throughout our value chain. Very soon, nearly every process at the company will be supported by AI, making us even faster and more precise – and not just in production and logistics. At your company, efficient cost structures are the standard – you can always count on that.

The automotive industry has been through many upheavals –in response to the rise of industrialisation, technological progress, new processes and evolving markets, as well as changing regulations and societal expectations.

The BMW way is shaped by confidence – because we provide meaningful answers. I would like to show you today how we do that through:

1. Our strategy: which is market-driven and technology-open.

2. Our goals: We met our adjusted targets for 2024 and are targeting growth this year.

3. Our global footprint: a differentiating factor and competitive advantage in a fragmented world.

4. Our future-focused project for tech leadership: BMW is the NEUE KLASSE – and the NEUE KLASSE is BMW.

Let me begin with my first point: our strategy.

Technology openness means following the markets – because markets evolve, but not all at the same pace. We took a clear stand on this, even in the face of strong headwinds. Now, the wind has shifted in our direction:

• “BMW late winner of the drivetrain transition”.

• “How BMW went from laggard to magician”.

• “Germany’s true electric-car champion”.

These headlines were taken from trade journal “Auto, Motor und Sport”; weekly magazine “Wirtschaftswoche”; and newspaper “Die Welt”.

Our models and diverse drivetrain portfolio are also winning awards, including the “Goldene Lenkrad” (Golden Steering Wheel). I accepted three trophies in Berlin – a very special moment.

Our brands and products are being extremely well received. The German Car of the Year award, presented to the 5 Series and i5*, is the first-ever win for a technology-open model series.

While other manufacturers are reversing course or adjusting their strategy, we are on exactly the right track. Even policymakers are starting to come around: The new German federal government supports a broad approach to technology, while the European Commission seeks to make Europe more competitive. The “Green Industrial Deal” finally considers climate protection and the economy “in tandem”. That is a good thing.

From e-drives and plug-in hybrids to highly efficient conventional drive technologies: No one masters this level of variety better than your company. As previously announced, we will be adding a production model with a hydrogen drivetrain in 2028. All of this benefits our customers, while, at the same time, making a measurable contribution to climate protection. And, yes, we have the facts and figures to back this up:

In 2024, the BMW Group significantly outperformed its European CO2 fleet target by more than 30 grammes. That is a huge leap forward, which cannot just be taken for granted. Based on internal calculations, our numbers came in at under 100 grams for the first time – at 99.5 grammes per kilometre. The official data will be published by the European Commission at year-end. We are also gearing up to meet the much stricter targets for this year, as you would expect from us.

We take ambitious political goals seriously – but we don’t believe in technically one-sided regulations that limit supply. The same principle applies to the circular economy. Here, too, only a comprehensive approach can enable and stimulate investment. Because, as a standalone technology, e-mobility leads down a dead-end street – that much is now clear. The differences are simply too great, even just within Europe.

Belgium, for example, offers incentives: Electric and hybrid models quickly became the most popular new cars, reaching a market share of over 60 percent in 2024. Contrast that with Italy, where electric cars made up only about four percent of total sales last year.

Is that the fault of the products? Certainly not. Is it because of the customers? Definitely not. The all-important question is rather:

How do we effectively cut CO2? Certainly not by thinking in black and white. Supporting one solution does not necessarily mean opposing another. Our approach proves this time and again – and remains effective. We all need to be much more opportunity-driven, guided by entry – not exit – strategies.

Political goals must reflect market realities – and also be viable for businesses. Global investment is already looking ahead to 2030, and especially 2035. That is why the upcoming review of EU targets will be so decisive. It is our chance to improve the system. Europe needs a top-performing automotive and supplier industry. We are fighting for this and pushing back against negative developments.

For our customers, we will remain broadly diversified – and, for you, our shareholders, we are securing the success of your company. We don’t want to miss out on any market potential. We will continue to stand firm – but always open to dialogue with decision-makers around the world. We explain the complex mechanisms of our industry, asking: What will the proposed legislation mean in practice? The Board of Management and I are personally engaged in this work.

At your company, we mostly let our actions speak for themselves: Just as I promised you last year – we already have more than 15 all-electric models on the market. Our BMW iX* has been recently updated, so that it now boasts an electric range of up to 701 kilometres in the WLTP cycle. In 2024, battery-electric vehicles – BEVs, for short – were once again key growth drivers for us. By year-end, more than 17 percent of our total sales were fully electric. This is significantly higher than at many other manufacturers. You’ll also be pleased to hear that this positive trend accelerated into 2025. In the first quarter, our global BEV sales increased over 30 percent. Europe led the way, with growth of more than 60 percent.

The US market was also up by over 20 percent.

If you include both BEVs and plug-in hybrids, more than one in four of our vehicles is now electrified, while nearly one in five is already fully-electric. We are making good progress. We are delivering – and maintaining our credibility.

My second topic for today is our goals.

As always, they are ambitious. Even in difficult conditions, not every market contracts. There are always regions where growth is possible – and your company exploited this potential to the full in 2024: In three of our four main sales regions, we increased deliveries and often gained market share.

Joy is at the heart of our BMW brand, sparking positive emotions all around.ach of our company’s four brands – BMW, MINI, Rolls-Royce and BMW Motorrad – has its own unique character and strengths. BMW remains number one in the premium segment. BMW M also reported dynamic growth, achieving record sales for the 13th consecutive year. Nearly one in ten BMWs sold last year was a profitable M model. The new MINI family is now complete: With five models, three of which are fully electric. The MINI brand not only has a positive impact on our carbon footprint, it also has a strong fan base. In the luxury segment, Rolls-Royce continues to set the benchmark. With the Black Badge Spectre*, a second fully electric Rolls-Royce is now available. The Phantom is the brand's most iconic vehicle. And it is celebrating its 100th birthday this year. All good reasons to expand the Goodwood factory. At over 300 million pounds, this will be our biggest investment in the plant since it opened in 2003. BMW Motorrad impressed once again. Our two-wheeler brand remains the undisputed global number one in the premium motorcycle segment – again reaching a new all-time high, with 210,000 motorcycles and scooters sold. The GS accounts for nearly a third of those sales. It will be joined later this year by the new 1300 Series model family. I like to ride a motorbike myself, so I can assure you that our line-up is our strongest ever.

We accomplished all this in 2024 – despite the fact that many things unfolded differently than expected, as the year progressed. The delivery stops and recalls associated with an Integrated Brake System IBS component from one of our suppliers had a financial impact – but we responded quickly, keeping our communications transparent.

At the same time, the Chinese market remained weak and demand for electric vehicles declined in several markets. In light of this, in September 2024, we adjusted our guidance. From that point on, we pushed even harder to keep your company on track. That is another thing that sets us apart. We met our updated targets, with more than 2.45 million vehicles delivered to customers and a Group EBT margin of 7.7 percent.

You already know that we sold fewer vehicles in China, where competition is intense and prices are increasingly under pressure. It should come as no surprise that domestic manufacturers are expanding their market share. However, BMW remains number one in its segment. China is still our largest single market for electric vehicles, with over 100,000 BEVs delivered to customers there in 2024. Let us not forget that we have enjoyed above-average success in the Chinese market for many years.

What is also important: Your company has earned an excellent reputation in China, built on years of market presence and sustained investment. Since 2010, we have invested around 116 billion renminbi in our production base in Shenyang alone. We also have a strong R&D network in China, second only to Germany. I’ve visited China several times over the past few months, including attending the “China Development Forum”, where BMW was the exclusive mobility partner, providing 30 fully-electric BMW i7s* and i5s* for the event. All of us on the Board of Management are regularly on the ground to talk directly with our “BMW Team China”. Our China strategy is based on the principle “in China for China”. The same applies to the NEUE KLASSE. The first models produced for the NEUE KLASSE in China will come off the Shenyang assembly line from 2026. Our design team in Shanghai led development of all China-specific models of the NEUE KLASSE. As a result, our local BMW iX3* will be tailored to the needs of Chinese customers – in other words, “from China for China”.

Our market-specific approach has proved effective over many years. The technology race in our industry will be decided in China – where else? – where AI is widely adopted. That is why we are establishing AI partnerships with leading Chinese tech companies, to integrate these innovations directly into our vehicles in China. For example, we are collaborating with Alibaba to develop the next stage in voice interaction between humans and vehicles. DeepSeek will also be a part of this.

We will begin integrating DeepSeek’s AI capabilities into our newest models in China by the end of this year. These examples show that, even when it comes to digital applications, we operate “in China, for China” – and at “China speed”. As our largest single market, getting back on track for growth in China is clearly a priority. That is why we are currently consolidating our retail network.

What matters most to you, as shareholders, is:

What are our plans for 2025?

In a word: growth. Our sales are forecast to increase slightly. What makes us so confident? Our products. Between now and 2027, BMW will bring more than 40 new or updated vehicles to market across all drive train variants. This year, one of our most successful models will celebrate its 50th anniversary: the BMW 3 Series. The latest version of our extremely popular BMW X3 is fresh on the market. We manufacture the X3 worldwide – in Spartanburg, South Carolina, in the USA; Shenyang, China; and Rosslyn, South Africa. This is a clear example of how we are responding flexibly in an increasingly protectionist environment.

We are also realigning our sales and marketing to meet the demands of the future. In some markets, an agency model enables customers to move seamlessly between online and offline channels. MINI has already transitioned 15 markets in Europe. The process for our core BMW brand will be significantly more comprehensive, learning from our experience with MINI. We are using this year and next to prepare for the launch of the BMW brand. I’m sure many of you are wondering: What about our retailers? They remain close by our side, of course. The entire transition is taking place in collaboration with them. Anything else would not be the BMW way. Retailers and our BMW branches remain important to our sales success – and, above all, to our customers’ brand experience.

In uncertain times, making reliable forecasts is not easy. In our guidance for financial year 2025, we responded quickly to current developments, already factoring in the known tariff impacts, as of 12 March 2025. These effects account for approximately one percentage point on the EBIT margin in the Automotive Segment, which we now expect to be within the range of five to seven percent.

Global conditions remain dynamic and uncertain. That’s why many OEMs – not only in our industry – are not issuing forecasts at this time. Not us. After the first quarter, we confirmed our guidance.

Our assumptions are based on fundamental premises. We expect developments in the tariff debate by the summer. We are confident that a good compromise can be reached in the negotiations with the US this year. We are closely monitoring developments and actively preparing for a range of scenarios. In the long term, we remain committed to achieving an Automotive EBIT margin with our target range of eight to ten percent.

A key lever for this is lowering operating costs, which we expect to decline in nominal terms over the course of the year.

For my third point, I’d like to talk about our global footprint.

The global economy is deeply interconnected, with tightly interwoven supply chains. Can this be undone? We don’t believe so. What we do know is that protectionism leads down a dead-end street. Take modern semiconductors, for instance – which use 60 elements from the periodic table. No single country has all of these. In the end, everyone loses:

Products become more expensive and less innovative. And who ends up “footing the bill”? The customer, of course.

Punitive tariffs, rising regional isolation, technological decoupling:

How can we continue to succeed and stay out of geopolitics in such an environment? These are also your top issues as shareholders, which you have shared with us. Today, global reach and appeal are no longer enough. Only companies that are firmly established locally in the regions will remain “in the game”. This is becoming a condition for economic success.

Your company has built this presence in major regions of the world over decades – with production, R&D, sales and marketing and suppliers. We generate added value locally. As a result, we are one of the few truly global players in our industry today – and that gives us a real competitive advantage. Your company has already evolved to the next level, balancing sales and production within our network of global value creation. In other words: In Europe, the US and China, we sold roughly the same number of vehicles, in absolute terms, in 2024, as we produced in each of these regions: about a million cars in Europe, just under 400,000 in the US and around 700,000 in China. No one will be able to replicate this anytime soon.

Another important asset is our “local-for-local” approach, which we are systematically expanding as local supply chains and collaborations become more important. Take our assembly plants for high-voltage batteries: Five new facilities are currently under construction – all of them close to our production in Europe, the Americas and China. Here, we will manufacture the next generation of high-voltage batteries for our electric vehicles.

One of these new facilities is being built right around the corner from here, in Irlbach-Straßkirchen. Trade journal “Auto Motor and Sport” reported on this under the headline: "BMW builds faster than BYD”. You can’t put it more succinctly! In other words, “China speed” – also in Lower Bavaria.

Despite our balanced distribution of sales and production, we will continue to be a major exporter – especially from our domestic market of Germany and our “second home”, the US.

Our roots lie in Munich and Bavaria – and origins come with a responsibility. In 2024, we produced over one million vehicles at our German plants. That’s about a quarter of the country’s total car production. More than half of these vehicles were sold outside the European Union. We are making an important contribution – in Germany and for Germany as a manufacturing location. As I said: Origins come with a responsibility.

We are carrying this principle forward with the next generation. Right now, on the plant grounds in Munich, we are building a Talent Campus. That name is a promise: a new hub for skills development, serving all 40,000 employees at the Munich location. Talents with various perspectives make us stronger and more innovative. That is, and always will be, our culture at BMW.

This year, we are celebrating “50 years of BMW North America”. I was in Spartanburg in January to receive an award from Republican Governor Henry McMaster, honouring BMW's 30-year commitment to South Carolina. Its political representatives recognise and appreciate that, without BMW, the region and the state would have taken a very different path.

The numbers speak for themselves: We provide 43,000 jobs in South Carolina – both directly and indirectly. Every second vehicle built at our Spartanburg plant is exported, generating an export value of over ten billion US dollars in 2024 alone. Once again, this made your company the largest automotive exporter in the United States by value. Over the past ten years, our total export value has exceeded 100 billion US dollars. Now, we are investing over 1.7 billion US dollars to bring Spartanburg up to speed for e-mobility. The first e-model from Spartanburg will already roll off the assembly line next year.

All these figures underline BMW’s economic impact in the United States. We are the only ones with such a extensive production in the US. Our value creation is comprehensive. These are strong arguments that will play a key role in the ongoing tariff negotiations.

Looking at the global picture: With tariffs, it’s currently everyone against everyone else. We advocate for eliminating tariffs altogether: for our industry, based on fair negotiations. That is why we had submitted a widely respected proposal some time ago, calling for a uniform tariff rate of 2.5 percent between Europe and the US. All of this clearly underlines that your company is in a very strong negotiating position – not only in the US, but across all regions. This sets BMW apart from other OEMs. We are in continuous dialogue with decision-makers everywhere: in Brussels, Berlin, Washington, D.C. and Beijing.

In the European Union, we are taking a firm stance. This includes the EU’s additional tariffs on BEV imports from China. Since October 2024, this has also impacted our electric BMW and MINI models produced in China. We are defending our position and have filed a lawsuit against the European Union, seeking a judicial review of this anti-subsidy measure.

Your company benefits from an integrated global economy. That much is certain. Our position remains unchanged: We stand for open markets and free trade. Growth thrives on openness – not isolation! Period.

My fourth point is about our future-focused project for tech leadership:

BMW is the NEUE KLASSE – and the NEUE KLASSE is BMW.

The 1960s were a long time ago. That was when the original Neue Klasse first entered the market, generating strong momentum for BMW's long-term growth. Today, once again, we are setting the course for your company’s success in the decade ahead, guided by the principle:

BMW is the NEUE KLASSE – and the NEUE KLASSE is BMW.

We do not draw a line between “old” and “new” technology worlds. Every future BMW model will benefit from our technology clusters. The new design language will also be implemented across the entire product range.

The NEUE KLASSE is a huge technology kit that enables everything else.

We are targeting economic advantages through high levels of commonality and economies of scale. Our customers get the latest technology in their vehicles – regardless of which drive train they choose. Now, bear with me, it's about to get a little bit technical: In the NEUE KLASSE, Sheer Driving Pleasure is also about software, such as our BMW Panoramic iDrive. This includes a completely new display system that projects content across the full width of the windscreen. Four high-performance computers control the most important in-car functionalities. These “super brains” deliver up to 20 times more in-vehicle computing power. We have also simplified the new electrical system, with 600 metres less wiring, reduced weight and higher energy efficiency. That’s how we do it in the NEUE KLASSE.

One of the four high-performance computers is our “Heart of Joy”. All drivetrain and driving dynamics functions are integrated into this electronic control unit. International journalists tested it on the track with our factory driver, Jens Klingmann – in our BMW Vision Driving Experience or VDX for short. This is how is went:

Movie

You can't fake that kind of emotion. That is Sheer Driving Pleasure in its purest form – taken to a whole new dimension in our BMW Vision Driving Experience. The VDX is the most powerful prototype we have ever built. Its key data are quite remarkable: 18,000 Newton meter of torque, a downforce of up to 1.2 tonnes and lateral forces of up to 3 G. That is, three times the acceleration due to gravity. These are the kinds of figures typically only seen in top-tier racing cars. We are testing the physical limits of driving. Why are we doing this? The answer is simple: A system that is capable of managing forces like these can – without question – handle everyday driving with ease.

At the Auto Shanghai in April, we took things a step further, building our own test track to showcase the VDX, complete with a massive ramp.

Movie

It was spectacular! Our VDX was a hit – and the social media reach was tremendous. Many of the technologies featured in the VDX will also be used in the NEUE KLASSE.

We are entering the home straight – and we intend to prove that to you, right here, today. For those of you here in the Olympiahalle, please remain in your seats when the vehicles make their entrance in a moment.

Driving scene

Ladies and Gentlemen, the first two production models of the NEUE KLASSE!

As you can see, they are still camouflaged – to maintain the suspense just a little bit longer. You are all “practised” BMW shareholders, so I’m sure you’ll recognise the proportions right away: This model is a sporty sedan in the current BMW 3 Series segment. The other is a typical member of the X family, our BMW iX3* – which will be the first representative of the NEUE KLASSE. You could even say it is getting its own plant, since we are producing the iX3 at our new plant in Hungary. We will be opening the Debrecen location this autumn. The sporty sedan for the NEUE KLASSE won't just simply roll off the production line either. Just a short distance from the Olympiahalle is our more than 100-year-old Munich main plant. We are completely refurbishing it for modern industrial production in the heart of the city.

The second model will ramp up there in 2026. After that, the NEUE KLASSE will be rolled out worldwide across our production network. I would like to invite you all to the IAA MOBILITY here in Munich in September for the world premiere of the BMW iX3 – without camouflage, of course, exactly as it will be available to our customers.

Dear Shareholders!

At BMW, the proverbial glass is never half-empty – it is always at least half-full. We focus on opportunities and pursue them systematically – even in an uncertain environment. BMW will turn 110 next year.

The NEUE KLASSE is just one example of how we continue to take bold, forward-looking action. The BMW way is shaped by confidence.

That’s what our “Team BMW Group” stands for at all our locations worldwide. We never rest on our laurels. Together, we will ensure that your investment remains worthwhile.

All of us at the company truly appreciate your continued support.

Thank you!

CO2 EMISSIONS & CONSUMPTION.

BMW i5 eDrive40 Limousine: Energy consumption combined: 16,3 kWh/100 km (WLTP); CO₂-Emissions combined: 0 g/km (WLTP); CO₂-Class: A.

BMW iX xDrive60: Energy consumption combined: 21,9 kWh/100 km (WLTP); CO₂-Emissions combined: 0 g/km (WLTP); CO₂-Class: A

Rolls Royce Black Badge Spectre: Energy consumption combined: 2.6 – 2.8 mi/kWh / 23.6 – 22.2 kWh/100km. CO₂-Emissions O g/km.; CO₂-Class: A

BMW i7 eDrive50: Energy consumption combined: 20,3 kWh/100 km (WLTP); CO₂-Emissions: 0 g/km (WLTP); CO₂-Klasse: A.

BMW iX3: Energy consumption combined: 18,0 kWh/100 km (WLTP); CO₂-Emissions combined: 0 g/km (WLTP); CO₂-Class: A

Press Contact: Sebastian Kessler
Tel: +49-89-382-21616
E-mail: sebastian.ke.kessler@bmwgroup.com

The end of an era: Dr. Norbert Reithofer steps down after 38 years at the BMW Group

Wed, 14 May 2025 10:01:00 +0200

Munich . An important chapter in the history of the BMW Group is coming to an end: Dr. Norbert Reithofer, Chairman of the Supervisory Board of BMW AG since 2015 and closely associated with the company for nearly four decades, is stepping down from his position, effective today.

“After 38 years, it is time for me to say goodbye to the BMW Group. It has been an honour to be a part of this exceptional company. I would like to thank all our associates, shareholders and stakeholders for your trust and support,” said Reithofer. “Together, we have overcome tremendous challenges and celebrated unparalleled successes. I firmly believe that the BMW Group will continue to follow its own, unique BMW path.”

Dr. Reithofer has held various managerial positions at the company since 1 October 1987, starting out as head of Maintenance Planning. From March 2000, he served as a member of the Board of Management, responsible for the Production division. In September 2006, Reithofer was appointed Chairman of the Board of Management, taking over from Helmut Panke. In May 2015, he succeeded Prof. Joachim Milberg as Chairman of the Supervisory Board.

The BMW Group’s success in recent decades is inseparable from the efforts of Dr. Reithofer. The extensive tribute to Reithofer's achievements at the 105th Annual General Meeting of BMW AG reflected this.

Stefan Quandt, Deputy Chairman of the Supervisory Board of BMW AG honoured Reithofer’s outstanding service to the company: “On behalf of my family and all our shareholders, I would like to thank you for your outstanding entrepreneurial achievements, which have brought the company to the position it is in today. I can say with absolute conviction: It is truly the end of an era.”

Far-reaching vision,international growth and electromobility

During his tenure as Chairman of the Board of Management, Reithofer paved the way for the company’s long-term success with Strategy “Number ONE”, which laid the foundation for the BMW Group’s international growth. Under his leadership, the company successfully navigated the 2008/09 global financial crisis, becoming the world’s leading premium manufacturer and continuing to expand its position.

With far-reaching vision, Reithofer launched the BMW i electromobility brand, accelerated digitalisation and played a key role in driving international expansion, particularly in the growth market of China. He established sustainability and resource efficiency as key elements of the BMW Group's corporate strategy early on.

Oliver Zipse, Chairman of the Board of Management of BMW AG, emphasised Reithofer’s significance to the BMW Group as a whole: “Dr. Reithofer is a major architect of the BMW Group’s success today. During his time as Chairman of the Board of Management, he elevated all the company's relevant key figures to a new level. As Chairman of the Supervisory Board, he always served as a valuable source of momentum and guidance, supporting the work of the Board of Management in a constructive, critical and motivating way. His successful efforts will continue to shape the course of the company well beyond the end of his tenure.”

BMW AG extends its sincere thanks to Dr. Reithofer for his visionary leadership, tireless commitment and entrepreneurial, pioneering spirit.

Supervisory Board sets course for continuity at the company

As Reithofer's successor, the Supervisory Board proposed Dr. Nicolas Peter for election to the Supervisory Board of BMW AG at the Annual General Meeting and, subject to his election, supported the proposal to appoint him as Chairman of the Supervisory Board following the Annual General Meeting 2025.

Dr. Nicolas Peter served as the BMW AG Board of Management member responsible for the Finance division from January 2017 to May 2023. He has extensive experience in the automotive industry, combined with many years in a wide range of management positions at the BMW Group.

Dr. Peter has not held any position within BMW AG since 11 May 2023 and has therefore completed the two-year cooling-off period required by the German Corporate Governance Code.

BMW Group Corporate Communications

Sebastian Keßler, Communications BMW Group, Strategy

Telephone: +49 89 382-21616

Dr. Dominic Stoiber, Communications BMW Group, Strategy

Telephone: +49 89 382-51137

Email: dominic.stoiber@bmwgroup.com

Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Media website: https://newsroom.bmwgroup.com/global/en

Email: presse@bmwgroup.com

The BMW Group

The economic success of the BMW Group has always been based on long-term thinking and responsible action. Sustainability is a key element of the BMW Group’s corporate strategy and covers all products from the supply chain and production to the end of their useful life.

www.bmwgroup.com

LinkedIn: http://www.linkedin.com/company/bmw-group/