301 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 24 Investments accounted for using the equity method Investments accounted for using the equity method comprise in- terests in the joint ventures YOUR NOW Holding GmbH, Munich (YOUR NOW), and Beijing Ionchi New Energy Technology Ltd., Beijing (IONCHI), as well as interests in the associated compa- nies IONITY Holding GmbH & Co. KG, Munich (IONITY), IONNA LLC, Torrance (IONNA), Solid Power Inc., Wilmington, Delaware (Solid Power), and THERE Holding B.V., Rijswijk (THERE). YOUR NOW Together with the Mercedes-Benz Group, the BMW Group offers mobility services via the YOUR NOW joint venture. The at-equity loss relating to YOUR NOW for the financial year 2024 amounted to € 14 million (2023: € 82 million). IONCHI In the financial year 2024, the BMW Group and the Mercedes- Benz Group jointly founded the company IONCHI in China with the aim of developing charging infrastructure there. The 50% in- terest in the newly founded entity is accounted for as a joint ven- ture using the equity method. The at-equity loss relating to IONCHI in 2024 amounted to € 9 million. IONITY The BMW Group operates the entity IONITY in collaboration with the Mercedes-Benz Group, the Ford Motor Company, the Volkswagen Group and the Hyundai Motor Group. IONITY's busi- ness model envisages the construction and operation of high- performance charging stations for battery-powered vehicles in Europe. On 1 November 2021, IONITY signed a contract with GRP III HPC Lux S.á.r.l. (Blackrock) for the provision of financing amounting to € 500 million for the further expansion of the charging network. In addition, the existing shareholders have contributed € 200 million. With effect from 28 April 2022, on completion of the transaction, Blackrock became IONITY’s larg- est shareholder. As a result, the former joint venture became an associated company of the BMW Group. The BMW Group has significant influence as it is represented on IONITY's Supervisory Board. The at-equity profit relating to IONITY amounted to € 11 million (2023: € 12 million). This includes remeasurement effects aris- ing in conjunction with the transaction with Blackrock. IONNA In 2023, the BMW Group, together with the Mercedes-Benz Group, the Stellantis Group, the Honda Group, the Hyundai Mo- tor Group and the General Motors Company Group, founded the company IONNA in the USA with the aim of developing a charg- ing network in North America. Following the entry of Toyota Mo- tor Corporation during the financial year 2024, the BMW Group’s interest was diluted from 16.67% to 14.29%. The BMW Group has significant influence as it is represented on IONNA’s Board of Directors. The at-equity loss relating to IONNA amounted to € 3 million (2023: € 0 million). Solid Power The BMW Group holds shares in Solid Power, an industry-lead- ing manufacturer of solid-state batteries for electric vehicles. Joint development partnerships are in place with Solid Power with a view to securing the supply of solid-state batteries for fu- ture generations of electric vehicles. The BMW Group has signif- icant influence as it is represented on Solid Power’s Board of Di- rectors. The at-equity profit relating to Solid Power for the financial year 2024 amounted to € 4 million (2023: at-equity loss of € 12 mil- lion). An impairment loss was reversed in 2024, whereas an im- pairment loss was recognised in the previous financial year. in € million 2024 2023 D I S C L O S U R E S R E L A T I N G T O T H E I N C O M E S T A T E M E N T Profit/loss after tax – 61 – 43 thereof from continuing operations – 61 – 43 Other comprehensive income 1 – Total comprehensive income – 60 – 43 THERE Together with AUDI AG, the Mercedes-Benz Group and other companies, the BMW Group holds shares in THERE. HERE In- ternational B.V. (HERE) is an associated company of THERE. HERE's digital maps are laying the foundations for the next gen- eration of mobility and location-based services, providing the ba- sis for new assistance systems and, ultimately, fully automated driving. The at-equity loss relating to THERE for the financial year 2024 amounted to € 3 million (2023: at-equity loss of € 77 million). In the previous year, impairment losses were recognised in relation to THERE’s associated company HERE.