27 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Statement of the Chairman of the Board of Management Our global footprint – differentiating factor and competitive advantage in a fragmented world. In addition to political targets, geostrategic and protectionist developments around the world are more critical than ever to the business success of global companies like the BMW Group. Following decades of global free trade during the era of globalisation, the pendulum is now swinging back towards protectionism, resulting in a power struggle between interna- tional systems. We are witnessing a race for raw materials, access to critical technologies and energy availability. How can we successfully maintain our business model? How can we gain market share and continue to grow, while staying out of geopolitics? We align our product development, our structures and our individual market strategies with local conditions, always remaining adaptable and flexible – without losing sight of our long- term goals. Today, we benefit, in particular, from having set the right course early on and steering the Company in the necessary strategic direction. In the past decades, the BMW Group has not only accessed sales markets worldwide, but also established a strong presence, with our own value creation, in the key regions around the globe. You are already familiar with the principle behind this: “production follows the market”. At all our locations, we create added value. This is becoming more and more of an asset, and even a unique selling point, for the BMW Group. In light of the changing global environment and the trend towards regional market barriers, local value creation is increas- ingly a requirement for future market success. In addition to production, research and development, and sales and marketing, our pres- ence in key economic regions also includes local supply chains and partnerships. This en- ables us to respond quickly to unforeseen events and makes your Company more resilient overall. Today, the BMW Group is one of few genuine global manufacturers in our industry. Largest US automotive exporter by value – 30 years of value creation in South Carolina. This year, we are celebrating “50 years of BMW North America”. In January 2025, the BMW Group also received the “Honorary Sandlapper Award” from South Carolina Governor Henry McMaster, recognising 30 years of commitment in the state. We were honoured by both the South Carolina Senate and House of Representatives. The BMW Group is the first Company to receive such an honour. Without BMW, development in the region would have taken a very different path. Our footprint in the US remains a valuable asset. According to data published by the US De- partment of Commerce in February 2025, your Company was once again the leading auto- motive exporter from the US by value last year. Plant Spartanburg exported almost 225,000 BMW X vehicles last year, worth over 10 billion US dollars, bringing the total ex- port value since 2014 to more than 104 billion US dollars. Balanced sales and production volumes across global regions – our unique sell- ing point. Our global footprint has already evolved to the next level, achieving a balanced global distri- bution of value creation. This means: our sales and production are balanced within regions. In Europe, the US and China – our largest single market – we sold roughly the same num- ber of vehicles in each of these regions in 2024 as we produced there. Spartanburg provides a good example of this: the plant produced just under 400,000 BMW X models last year. This corresponds almost exactly to our US sales volume for the year. One out of every two vehicles from our largest plant was also sold in the US. We also continue to strengthen our home base in Germany in a targeted manner through local value creation: our German plants produced more than one million vehicles in 2024. Your Company therefore accounts for a quarter of the country’s total OEM passenger car production – as confirmed by an evaluation conducted by the German Association of the Automotive Industry (VDA). The BMW Group’s global distribution of value creation forms an important foundation for your Company’s resilience, strengthening its ability to navigate trade policy and geopolitics. We are also mitigating the risks associated with possible currency fluctuations. ‘‘We always remain adaptable and flexible --- without losing sight of our long-term goals.’’