A place for vision: the BMW Group.

+++ Zipse: "BMW Group highly profitable and sustainable" +++ Deliveries of electrified vehicles more than doubled +++ Free cash flow of € 2.5 billion in first quarter +++ Sustainable mobility needs more than just an e-drive +++ Earnings boosted by higher deliveries and better pricing +++ Automotive segment EBIT margin at 9.8% +++

Munich. The BMW Group continued to grow extremely dynamically in the first quarter 2021 – as demonstrated by its outstanding reported figures. The Group is systematically driving its transformation process at a high pace, reaching new milestones in terms of e-mobility, digitisation and sustainability. At the same time, it was able to strengthen its business model in the first quarter of the year and to grow further.

"The first quarter shows that our global business model is a successful one, even in times of crisis. We remain firmly on track for continued sustainable, profitable growth," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Friday. "Our strategy is based on retaining a keen focus on providing attractive high-tech products that are destined to shape the changing world of mobility going forward. With this clear vision, we are already developing the next major technological leaps that will continue to fascinate our customers ten years from now."

+++ Taking a successful Joint Development effort to the next level +++ 20 ampere hour (Ah) multi-layer all solid-state batteries in production +++ 100 Ah cells for automotive vehicle integration in 2022 +++ Automotive-compatible all solid-state battery by the end of the decade – BMW demonstrator vehicle well before 2025 +++

Louisville, Colorado, USA. Solid Power, an industry-leading producer of all solid-state batteries for electric vehicles, today announced a $130 million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group have also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles.

The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.

+++ BMW Group now producing high-voltage batteries and battery components at three locations in Germany alone: Dingolfing, Leipzig and Regensburg +++ Less than a year from decision to start of production in Leipzig and Regensburg +++ Production of battery components for BMW Group’s fifth generation of fully-electric vehicles +++

Munich/Leipzig/Regensburg. The BMW Group is launching production of battery components at its plants in Leipzig and Regensburg and expanding its e-drive production network. It has been less than a year since the decision was made to expand production capacity for e-drives in Germany. BMW Group Plant Leipzig will launch series production of battery modules on Monday, 3 May 2021, while BMW Group Plant Regensburg began coating battery cells for high-voltage batteries in April 2021. High-voltage batteries will also be produced in Regensburg from 2022. “We expect at least 50 percent of the vehicles we deliver to our customers worldwide to be fully electric by 2030,” said Michael Nikolaides, Senior Vice President Production Engines and E-Drives. “And we are systematically expanding our production network for electric drive trains in response to this.”

The company is investing more than 250 million euros in its Regensburg and Leipzig locations alone to supply the BMW Group’s growing number of electrified vehicles with high-voltage batteries. High-voltage battery components will be used in production of the BMW iX* and BMW i4, both of which will be released onto the market shortly. The production systems are highly flexible and will also supply battery components for other BMW Group electrified vehicles in the future.