359 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Notes to the Group Financial Statements BMW AG’s participations at 31 December 2024 Companies Equity in € million Profit/loss in € million Capital investment in % D O M E S T I C 7 IVM Industrie-Verband Motorrad GmbH & Co. Dienstleistungs KG, Essen – – 28 SGL Carbon SE, Wiesbaden – – 18 Hubject GmbH, Berlin – – 16 Joblinge gemeinnützige AG Leipzig, Leipzig – – 16 Joblinge gemeinnützige AG Berlin, Berlin – – 10 Racer Benchmark Group GmbH, Landsberg am Lech – – 8 Joblinge gemeinnützige AG München, Munich – – 6 Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, Kaiserslautern – – 5 GSB Sonderabfall-Entsorgung Bayern GmbH, Baar-Ebenhausen – – 3 F O R E I G N 7 Northvolt AB, Stockholm – – 3 1 The amounts shown for domestic affiliated companies correspond to the annual financial statements drawn up in accordance with German accounting rules (HGB). 2 The amounts shown for foreign affiliated companies correspond to the annual financial statements drawn up in accordance with uniform IFRS rules. Equity and earnings not denominated in euro are translated into euro using the closing exchange rate at the balance sheet date. 3 Profit and Loss Transfer Agreement with BMW AG. 4 Profit and Loss Transfer Agreement with a subsidiary of BMW AG. 5 Exemption from drawing up a management report applied in accordance with § 264 (3) and § 264b HGB. 6 Exemption from publishing financial statements applied in accordance with § 264 (3) and § 264b HGB. 7 These entities are neither consolidated nor accounted for using the equity method due to their overall immateriality for the Group Financial Statements. 8 The amounts shown for entities accounted for using the equity method and for proportionally consolidated entities correspond to the annual financial statements drawn up in accordance with uniform IFRS rules. Equity not denominated in euro is translated into euro using the closing exchange rate at the balance sheet date, earnings are translated using the average rate. 9 First-time consolidation. 10 Deconsolidation in financial year 2024: BMW (UK) Capital plc., Farnborough. 11 Control on basis of economic dependence.