28 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 “Local for local” – also for high-voltage batteries. We also apply our “local for local” global production strategy to the manufacture of high- voltage batteries, as part of the e-mobility value chain. Assembly of the sixth generation (Gen6) of our high-voltage batteries for the NEUE KLASSE will take place at five new cutting-edge production facilities being built close to our vehicle plants: in Irlbach-Straßkirchen (Lower Bavaria), Debrecen (Hungary), Shenyang (China), San Luis Potosí (Mexico) and Woodruff, near Spartanburg (USA). This approach safeguards production of high-voltage batteries from unforeseen political and economic events, strengthens our existing locations, and preserves and creates jobs at these sites. Gen6 high-voltage battery concept: 30% faster charging, 30% more range. With the sixth generation of BMW eDrive technology, your Company has achieved a quan- tum leap in technology, offering up to 30% faster charging and around 30% more range – in certain models, even more. For the first time, the Gen6 high-voltage batteries also feature the latest 800-volt technology and enable bidirectional charging. Gen6 will be used in the NEUE KLASSE, starting this year, and will subsequently power the BMW Group’s all-electric product range. Sustainability as a key element of our corporate strategy. The same applies to sustainability and climate protection: we act in a farsighted and reliable manner, conduct ourselves transparently and consistently meet legal requirements. To this end, we will continue to refine our target system in 2025, with a clear focus on impact. We take a holistic view of the entire value creation process, from the supply chain through production to energy consumption on the roads. We have further developed our goal to reduce our carbon footprint per vehicle by 40% by 2030 in line with new EU requirements: compared to 2019, we will save at least 40 million tonnes of CO2e by 2030. At many plant locations, we rely on self-generation of renewable energy – in each case the type that is most suitable locally. Be it solar power, wind energy, geothermal energy, biomass or district heating. Since 2020, we have obtained all the external power required for our plants worldwide from renewable sources. We have contractually agreed on the use of green electricity with a large number of our suppliers. At product level, we use the vehicle footprint to make CO2e data transparent over the entire life cycle, the proportion of secondary material, efficiency and supply chain security for new BMW and MINI models. We are working with partners to es- tablish a circular economy that enables high-quality recycling of steel, aluminium, glass and plastic. We ourselves will increase the proportion of secondary material in our vehicles in the future along the “Secondary First” principle. NEUE KLASSE – MORE THAN EVER: Embarking on the next era of tech leadership. We are entering the home stretch as we bring the Company’s largest-ever future-oriented project to the roads. At the IAA MOBILITY in Munich this September, the all-electric BMW iX3 will celebrate its world premiere as the first model of the NEUE KLASSE. This will also signal the beginning of the fundamental renewal of the entire BMW model range, across all drive technologies. The new BMW iX3 will set the standard for driving experience, electrification and digitalisa- tion alike. At this year’s Consumer Electronics Show (CES) in Las Vegas, the unveiling of the new BMW Panoramic iDrive met with great success. It is our tech expertise in digitalisation and driver orientation that sets BMW apart. With this world premiere, we also provided sig- nificant impetus for how our innovations are perceived in China. With the launch of the NEUE KLASSE, all BMW models will feature the new display and operating concept. ‘‘We are entering the home stretch as we bring the Company’s largest-ever future-oriented project to the roads.’’