Quarterly Statement to 31 March 2021

BMW:Quarterly Statement to 31 March 2021

Do you need help? Please contact our support team from 9 to 17 CET via support.pressclub@bmwgroup.com.

PressClub Global · Article.

Quarterly Statement to 31 March 2021

Attached please find the Quarterly Statement to 31 March 2021 for download.

The telephone conferences for journalists and analysts will also be
broadcast on our web page at 10:00 a.m. and 2:00 p.m. respectively.

Article Offline Attachments.

My.PressClub Login

BMW Group Streaming

ANNUAL CONFERENCE.

Munich. 17 and 18 March 2021.

Here you can see the live webcasts of the Annual Conference 2021 with the Media Day and the Analyst and Investor Day.

Open Streaming Page

CO2 emission information.

The following applies to consumption figures for vehicles with new type approval, September 2017 onward: The figures for fuel consumption, CO2 emissions and energy consumption are obtained in accordance with the specified measuring procedure (EC Regulation No. 715/2007), as issued and amended. The figures are for a basic-version vehicle in Germany. The bandwidths allow for differences in the choice of wheel and tire sizes and items of optional equipment and can be changed by the configuration.

Obtained on the basis of the new “Worldwide harmonized Light vehicles Test Procedure” (WLTP), the figures are converted back to the “New European Driving Cycle” (NEDC) for the sake of comparability. Values other than those stated here may be used for the purposes of taxation and for other vehicle-related duties relating to CO2 emissions.

More information about official fuel consumption figures and the official specific CO2 emissions of new passenger cars can be obtained from the “guideline on fuel consumption, CO2 emissions and current consumption of new passenger cars”, available here: https://www.dat.de/co2/.

Original Press Release

First quarter: Transformation accelerated – core business significantly strengthened

BMW:First quarter: Transformation accelerated – core business significantly strengthened

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.”

The main thrust of the Group’s work is on digitally
connected, sustainable electric mobility.
The
breakthrough of e-mobility has been expedited by
the holistic approach adopted by the BMW Group, driven in particular
by the systematic addition of electrified drivetrain technologies to
its model portfolio and the target of increasing its sales of
fully electric vehicles
by an average of more than 50 per
cent per year through to 2025. By then, the BMW Group
plans to have some two million fully electric
vehicles
on roads worldwide, also putting it firmly on track
from a strategic perspective to achieve the
EU’s ambitious
decarbonisation targets by 2030.

As part of this strategy, the BMW Group is keen to play a leading
role in the development of battery technology. Within
the framework of its second EU-coordinated ‘IPCEI’ project
(‘Important Project of Common European Interest’), the focus
is on developing the next generation of lithium-ion battery cells. The
all-solid-state battery (ASSB) for automobiles is expected to be more
cost-effective, more sustainable and optimised for the
circular reuse of raw materials to take account of
the increasingly limited availability of natural resources worldwide.
After their deployment in vehicles, the intention is to use the
batteries as stationary storage devices, with the ultimate aim of
processing all their raw materials for subsequent reuse. The second
IPCEI project also promotes the continued development of process
technologies and the construction of a prototype production plant for
innovative battery modules and systems. The BMW Group recently signed
an agreement with the US company Solid Power for the
industrialisation of new solid-state batteries. As part of a pilot
project, the latter will supply solid-state battery cells with a
higher capacity of 100 Ah already from 2022 onwards.

By adopting this sustainable reuse approach, the BMW Group intends to
make a valuable contribution to preserving limited natural
resources
. Circularity is also a proactive way of
counteracting price hikes of scarce commodities going forward.

“This example of combatting resource scarcity clearly shows how
sustainability has economic as well as ecological benefits and
validates the comprehensive approach to sustainability applied
throughout the enterprise,” stated Oliver Zipse.

At the same time, the BMW Group is also extensively involved in
expanding public and private charging
infrastructures
. Since 2013, it has participated in some 50
international projects with various partners, jointly installing over
15,000 public charging points. By mid-year, it will
have established around 4,100 charging points for its own employees in
parking areas at various Group locations, around half of which will be
accessible to the general public, all powered fully by electricity
from renewable sources.

The BMW Group is also fostering the rapid expansion of and ubiquitous
access to an open charging infrastructure in Europe in the form of a
recently agreed collaboration of the YOUR NOW subsidiary
CHARGE NOW with the energy company bp
(formerly: BP British
Petroleum). With the same objective in mind, the BMW Group is also a
co-founder and partner of Ionity and its high-power charging
network
. So far, Ionity has set up around 350 charging
stations across Europe, with the number expected to rise to over 400
by the end of the year. These charging facilities each provide an
average of four fast-charging points and are conveniently located on
motorways and main traffic routes. The all-electric
BMW iX3*, for instance, can be recharged
within 10 minutes for a range of up to 100 km (WLTP)
at one
of these fast-charging points. The Ionity network is due to be
successively expanded, also within towns and cities.

The BMW Group’s mission to build the ‘greenest’ electric car has been
furthered by its involvement in a number of projects during the past quarter.

For example, it has concluded multi-year supply agreements with the
US company Livent to purchase sustainable lithium
sourced from South America. Livent utilises a special process that
reduces the impact of lithium extraction on the surrounding ecosystem
to a minimum.

With immediate effect, one half of the aluminium required by the
light metal foundry in Landshut will be supplied by the Abu
Dhabi-based company Emirates Global Aluminium. The
raw material is produced using electricity generated by one of the
world’s largest solar farms.

The BMW Group also has a stake in Boston Metal, a
company that aims to make steel production more sustainable. Boston
Metal is working on industrialising low-emission electrolysis
processes for producing liquid iron.

In collaboration with the WWF (World Wide Fund For Nature), Google,
Samsung SDI and Volvo, the BMW Group has launched an
initiative to protect the deep seas. Accordingly,
the practise of extracting minerals from deep-sea mining is considered
taboo as long as the consequences have not been comprehensively
scientifically investigated.

World’s largest fleet capable of over-the-air upgrades set to
be on roads by end of 2021

Apart from the electric drivetrain itself, other crucial factors
driving the transformation process include software systems
and their digital interaction
with the vehicle.

Since 2014, customers have been able to book and pay for services
online directly from the vehicle via the BMW Connected
Drive
Store. Moreover, since 2018, BMW drivers have been able
to keep vehicle connectivity up to date at all times with the help of
remote software upgrades, much like they have
already become used to doing with their smartphones. By the end of
2021, the BMW Group will already have the world’s largest
fleet
on the road, with around 2.5 million vehicles that can
be updated with new and enhanced functions over the air.

The BMW iX* will be the first vehicle to feature the
new BMW Operating System 8 − the most powerful data
processing system devised for cars to date − enabling high-speed
over-the-air upgrades, which will provide an even
broader range of functions on demand that can be
ordered and installed over the air at any time with complete flexibility.

BMW Group on growth course in first quarter

Compared to the previous year’s pandemic-affected first-quarter
performance, key financial figures developed positively in the first
three months of the financial year 2021. The significant recovery of
the markets, which began in mid-2020, continued to gain momentum
during the first three months of the year. Within a favourable
environment, the BMW Group set a new record for first-quarter
deliveries with an increase of 33.4% compared to the previous year to
636,606 units (2020: 477,111 units).

Sales of electrified vehicles more than doubled in the first
quarter

Strong demand for
electrified vehicles (plug-in hybrids and fully
electric vehicles) contributed substantially to the outstanding sales
performance, with deliveries more than doubling compared to the same
quarter one year earlier.

This dynamic growth rate is testimony to the success of the BMW
Group’s electrification strategy, with a total of 70,207
electrified vehicles
delivered to customers during the
three-month period (2020: 30,692 units; +128.7%), including 14,161
units of the fully electric BMW iX3*, BMW i3* and MINI
Cooper SE* models (2020: 6,457 units; +119.3%). In the
course of 2021, two key innovation leaders – the BMW
iX*
and the BMW i4* – will be added to the
core segments of the BMW brand.

Significant growth in Group revenues and earnings

The greatly improved level of revenues and earnings was driven by a
combination of higher sales volume figures across all regions of the
world, particularly in China, and improved selling prices. Positive
effects also came from the robust situation on pre-owned vehicle
markets, causing revenues from the sale of previously leased vehicles
to rise, above all in the USA.

Group revenues grew by 15.2% to € 26,778
million
(2020: € 23,252 million; +18.9% adjusted for currency factors).

The Group’s research and development expenditure
totalled € 1,287 million (2020: € 1,324 million;
-2.8%), slightly lower than one year earlier, with costs arising in
the first quarter 2021 primarily for electrification and digitisation
as well as for preparing the production ramp-up of the BMW iX*. The
increase in revenues caused the R&D ratio to fall
to 4.8% (2020: 5.7%). At 22.6%,
the capitalisation rate was also lower than one year
earlier (2020: 28.4%).

In light of the various positive effects described above,
Group profit before financial result for the
three-month period rose significantly to € 
3,025 million (2020: € 1,375 million; +120%).

The improved financial result also contributed to
earnings growth. In particular, the Group’s share of the profit in the
Chinese joint venture BMW Brilliance Automotive amounting to € 503
million (2020: € 162 million) as well as positive valuation effects
arising on interest rate hedges and individual investments gave rise
to a significant improvement in the first-quarter financial
result
, which turned around from a net negative amount of
€ 577 million to a net positive amount of € 732 million.

Group profit before tax improved to € 3,757
million
(2020: € 798 million). The EBT
margin
for the Group came in at 14.0% (2020:
3.4%). Group net profit amounted to € 2,833
million
(2020: € 574 million).

“Profitability is a key aspect of our transformation journey.
Our operational strength enables us to manage the move towards a world
of digitally connected, sustainable mobility. With this aim in mind,
we are investing specifically in low-emission drivetrain systems and
attractive, highly innovative products and equipment. Furthermore, we
continue to streamline our processes and structures in order to boost
performance,” said Dr Nicolas Peter, Member of the Board
of Management of BMW AG, Finance
in Munich on Friday.

Dynamic sales growth for all Group brands

Higher sales volume in the first quarter 2021 resulted in
corresponding increases in Automotive segment revenues and earnings.

Worldwide deliveries of BMW brand vehicles totalled
560,543 units (2020: 411,809 units; +36.1%). The
figure included excellent contributions from the highly successful BMW
5 Series and BMW 3 Series, both of which recorded year-on-year growth
of more than 40%. The popular X-family models were also in high demand
during the three-month period.

At 74,683 units, MINI brand sales
were 16% higher than one year earlier (2020: 64,449 units; +15.9%).
Demand for the MINI Countryman was extremely high, with deliveries up
by more than one third (+35.9%) as well as for the John Cooper Works
models (+20.5%) with their sporty flair.

Rolls-Royce Motor Cars delivered 1,380
ultra-luxury automobiles
to customers, the highest number
ever achieved in a single quarter (2020: 853 units; +61.8%), with
China, the USA and the Asia-Pacific region the biggest contributors to
this growth.

Deliveries up in all major regions of the world

In Europe, the number of vehicles delivered by the
BMW Group rose by a solid 8.1% to 239,018 units
(2020: 221,024 units) despite the adverse effects of the coronavirus pandemic.

Customers in Germany took delivery of 62,696
units
(2020: 66,004 units; -5.0%) and customers in the UK
42,413
units (2020: 44,474 units; -4.6%). In other countries
and regions of Europe such as France, Italy and northern Europe, the
BMW Group recorded double-digit sales volume growth year on year.

Deliveries to customers in the Americas region rose
to 96,352 units (2020: 82,078 units; +17.4%) as
markets continued to pick up, most notably in the
USA, where sales were up by more than one fifth to
78,067 units (2020: 64,956 units; +20.2%).

In Asia, the BMW Group delivered a total of
287,697 units, up by 77% on the same quarter last
year and a new all-time high (2020: 162,940 units; +76.6%). Sales
figures for China nearly doubled year-on-year,
jumping by 98% to 230,193 units (2020: 116,577 units;
+97.5%), partly reflecting the weaker performance one year earlier.

 

Automotive segment records high revenue growth

Segment revenues totalled € 22,762
million
in the first quarter (2020: € 17,989 million; +26.5%,
currency-adjusted +30.4%), driven primarily by the continued upward
trend in sales volume. In addition, positive product mix effects due
to higher sales of the X5 and X6, among other models, as well as
improved price penetration boosted revenues. Revenues generated with
the Chinese joint venture BMW Brilliance Automotive also rose year-on-year.

Segment EBIT amounted to € 2,236
million
(2020: € 229 million) and segment
profit before tax to € 2,776 million
(2020: € 80 million). The EBIT margin came in at
9.8% and therefore within the defined long-term
target range (2020: 1.3%).

Free cash flow generated by the Automotive segment increased to €
2,522 million, mainly reflecting improved earnings before tax and
continued rigorous working capital management.

 

Financial Services: solid increase in new business with retail customers

In total, 489,066 new credit financing and leasing
contracts
were signed with retail customers during the first
quarter 2021, up by a solid 8.8% compared to one year earlier (2020:
449,687 contracts), mainly due to the sharp rise in credit financing
business (+15.2%), particularly in China. The total volume of
new credit financing and leasing contracts
concluded with
retail customers increased by 9.1% to
€ 15,351 million (2020: € 14,075 million).

Significant improvement in Financial Services segment earnings

Revenues generated by the Financial
Services segment in the first quarter increased
slightly to € 7,906 million (2020: € 7,598 million;
+4.1%) due to positive effects from business with end-of-contract
leasing vehicles.

Earnings improved at an even more pronounced rate, largely thanks to
the improved risk situation on the one hand and higher marketing
revenues from the sale of returned lease vehicles on the other,
particularly on the US market, with segment profit before
tax
rising to € 787 million (2020: € 484
million; +62.6%). The Financial Services segment makes provision on an
ongoing and comprehensive basis to take account of significant
business risks. Current assessments confirm that residual value and
credit risks are appropriately covered.

Remainder of year expected to remain volatile

The coronavirus pandemic will continue to influence the course of
business for the BMW Group throughout the current financial year −
both directly and indirectly. Vaccination measures being taken
worldwide should, however, have a positive effect on the situation and
increasingly reduce the adverse impact of the pandemic on global
economic growth. Nevertheless, negative consequences for the BMW Group
cannot be ruled out in the further course of the year. Furthermore,
rising raw materials prices could have a dampening impact on earnings
going forward. In light of the current dynamic environment, the
BMW Group reaffirms its outlook for the full year, expecting business
performance continuing to develop positively. New models and digital
services covering various aspects of individual mobility are likely to
ensure that demand remains buoyant. Group profit before tax is
therefore predicted to rise significantly during the outlook period.

The Automotive segment is expected to record a solid
year-on-year increase in the number of BMW, MINI and Rolls-Royce brand
vehicles delivered to customers. The segment’s EBIT margin is set to
improve significantly on the previous year’s figure and come in at the
upper end of the forecast range between 6 and 8%, with segment RoCE
therefore also improving significantly. Segment free cash flow is
likely to exceed € 4 billion over the year as a whole.

In the Financial Services segment, the Return on
Equity (RoE) is forecast to come in at the upper end of the range
between 12 and 15%.

The Motorcycles segment is expected to record a
solid increase in deliveries to customers. The EBIT margin is
predicted to lie within a target range of 8 to 10%, enabling the
segment to record a significantly higher level of RoCE than one year earlier.

The BMW Group also reaffirms its forecast for non-financial
performance indicators.
Accordingly, the proportion of
women in management functions is expected to increase slightly. At the
same time, the BMW Group is targeting a further significant reduction
in the carbon emissions generated by its new vehicle fleet. According
to current forecasts, carbon emissions per vehicle produced are likely
to fall moderately.

The Group’s targets for the year are to be met with a
slightly smaller workforce. Ongoing uncertainty –
particularly regarding the further course of the corona pandemic,
macroeconomic and political developments as well as international
trade and customs policies – could have a negative impact on economic
conditions in many regions. These eventualities could hold down growth
and thereby have a further significant impact on the business
performance of the BMW Group.

The BMW Group – an overview

1st quarter



2021

1st quarter



2020

Change in %

Deliveries to customers

       

Automobiles
1

units

636,606

477,111

33.4

thereof: 
BMW1

units

560,543

411,809

36.1

 MINI1

units

74,683

64,449

15.9

 Rolls-Royce1

units

1,380

853

61.8

Motorcycles

units

42,592

34,774

22.5

 

 

 

Employees
                                         (as
of 31.12.2020)

120,726

 

-4.2
2

 

Automotive segment
EBIT margin

%

9.8

1.3

8.5 % points

Motorcycles
segment EBIT margin

%

17.9

12.9

5 % points

Pre-tax return on sales
3

%

14.0

3.4

10.6 % points

 

 

 

 

Revenues

€ million

26,778

23,252

15.2

thereof:
Automotive

€ million

22,762

17,989

26.5

Motorcycles

€ million

753

557

35.2

Financial
Services

€ million

7,906

7,598

4.1

Other
Entities

€ million

1

1

Eliminations

€ million

-4,644

-2,893

60.5

 

 

 

 

Profit before financial result
(EBIT)

€ million

3,025

1,375

120.0

thereof:
Automotive

€ million

2,236

229

Motorcycles

€ million

135

72

87.5

Financial
Services

€ million

767

542

41.5

Other
Entities

€ million

-6

12

Eliminations

€ million

-107

520

 

 

 

 

Profit before tax (EBT)

€ million

3,757

798

thereof:
Automotive

€ million

2,776

80

Motorcycles

€ million

135

72

87.5

Financial
Services

€ million

787

484

62.6

Other
Entities

€ million

141

-344

Eliminations

€ million

-82

506

 

 

 

 

Group income taxes

€ million

-924

-224

Group net profit

€ million

2,833

574

Earnings per share
(common/preferred share)

 €

4.26/4.26

0.84/0.84

-/-

1In connection with a review of its sales practices and
related reporting practices, the BMW Group has examined prior-period
vehicle delivery data and ascertained that certain vehicle deliveries
were not reported in the correct periods. The BMW Group has revised
its vehicle delivery data retrospectively for previous years. Further
information on this matter is provided in the BMW Group Report 2020 on
pages 128 and 129.

2 Percentage change in the number of employees compared to
the same period of the previous year (31.12.2019, number of employees: 126,016).

3 Group profit before tax as a percentage of Group revenues

*Consumption/emissions data:

 

BMW iX3: Power consumption in kWh/100 km combined:
17.8-17.5 NEDC, 19.0-18.6 WLTP.

BMW iX: Power consumption in kWh/100 km: 22.5-19.5
WLTP. Data are preliminary and based on forecasts.

BMW i3 (120 Ah): Power consumption
in kWh/100 km combined: 13.1 NEDC, 16.3-15.3 WLTP.

BMW i3s (120 Ah): Power consumption
in kWh/100 km combined: 14.6-14.0 NEDC, 16.6-16.3 WLTP.

MINI Cooper SE: Power consumption in kWh/100 km
combined: 16.9-14.9 NEDC, 17.6-15.2 WLTP.

BMW i4: This is a pre-production model, no
homologation figures are available yet.  

 
 

 

 

GLOSSARY – explanatory comments on key performance indicators

 

Deliveries


A new or pre-owned vehicle is recorded as a delivery when handed
over to the end user. Business with retail customers also includes
lessees under lease agreements with BMW Financial Services and, within
the USA and Canada, dealerships if they classify a vehicle as a
workshop replacement vehicle or demonstration vehicle. In the case of
pre-owned vehicles, end users may include dealerships and other third
parties when they purchase a vehicle at auction or directly from the
BMW Group. Vehicles designated for the end user that suffer total loss
in transit are also recorded as deliveries. Deliveries may be made by
BMW AG, one of its international subsidiaries, a BMW Group retail
outlet or independent dealerships. The vast majority of deliveries –
and hence the reporting to the BMW Group of deliveries – is made by
independent third-party dealers.

EBIT

Profit/loss before financial result, comprising revenues less cost of
sales, selling and administrative expenses and the net amount of other
operating income and expenses.

EBIT margin

Profit/loss before financial result as a percentage of revenues.

EBT

EBIT plus financial result.

If you have any queries, please contact:

Corporate Communications

Max-Morten Borgmann, Communications Corporate, Finance, Sales

Telephone: +49 89 382-24118, Max-Morten.Borgmann@bmwgroup.com

Dr Britta Ullrich, Communications Corporate, Finance, Sales

Telephone: +49 89 382-18364, Britta.Ullrich@bmwgroup.com

Eckhard Wannieck, Head of Communications Corporate, Finance, Sales

Telephone: +49 89 382-24544, Eckhard.Wannieck@bmwgroup.com

Internet: www.press.bmwgroup.com

E-mail: presse@bmwgroup.com

 

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network
with representatives in more than 140 countries.

In 2020, the BMW Group sold over 2.3 million passenger vehicles and
more than 169,000 motorcycles worldwide. The profit before tax in the
financial year 2020 was € 5.222 billion on revenues amounting to
€ 98.990 billion. As of 31 December 2020, the BMW Group had a
workforce of 120,726 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The Group set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategy, from the supply
chain through production to the end of the use phase of all its products. 

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: : https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmw-group/

Original Press Release

Four BMW M 1000 RRs at MotorLand Aragón: BMW Motorrad Motorsport enters the crucial phase of preparations ahead of the 2021 WorldSBK.

BMW:Four BMW M 1000 RRs at MotorLand Aragón: BMW Motorrad Motorsport enters the crucial phase of preparations ahead of the 2021 WorldSBK.

Alcañiz. With two weeks to go until the start of the 2021
season in the FIM FIM Superbike World Championship (WorldSBK), BMW
Motorrad Motorsport has entered a crucial phase of preparations.
MotorLand Aragón, the Spanish circuit that will host the opening
races of the year, was the venue for this week’s intensive tests
with the new BMW M 1000 RR. Among those attending were the factory
team, the BMW Motorrad WorldSBK Team, with riders Tom Sykes (GBR)
and Michael van der Mark (NED), as well as the two BMW satellite
teams: Bonovo MGM Racing with Jonas Folger (GER) and RC Squadra
Corse with Eugene Laverty (IRL).

 

The test was primarily used to test further developments and
fine-tune the bikes to the individual needs of the riders ahead of the
start of the season. Working closely together, and blessed with ideal
conditions in the Spanish sun, the teams and riders gained a lot of
valuable information for their final preparations.

WorldSBK kicks off the 2021 season with a double-header. The action
takes place from 21st to 23rd May at MotorLand Aragón. Round two of
the season follows just one week later (28th to 30th May), at Estoril, Portugal.

Quotes after the test at MotorLand Aragón.

 

Marc Bongers, BMW Motorrad Motorsport Director: “It
was the last test before it really gets serious – on this same track.
Again, we had productive days under perfect weather conditions without
any large technical issues so we could clearly conduct our test plan.
Already, the satellite teams have shown added value for us because we
can get more confirmation and we can share the test points so we can
get through more work. That is very positive, we still have some
homework to do before the first race but I am confident we will get
there and already in some areas it’s a clear improvement, like top
speed, brakes and so on. Overall I am happy and I am very much looking
forward to finally race.”

 

Shaun Muir, Team Principal BMW Motorrad WorldSBK
Team:
“It was good to get to the final test in pre-season
preparation at Aragón. We again had good conditions. I think we have
been very fortunate this year with the late start of the season and
selecting to start our testing late has paid dividends. On track
activities – we have been focusing on chassis and electronic work. I
think it is fair to say that we have completed most of that; we have a
good direction going into the Aragón race weekend. Lap times are
difficult to judge as from starting at ten o’clock to the middle of
the day and the end of the day, it is difficult to tell who was
running what tyres. But it is clear that the race pace is very strong
from last year to this year from the competition and we need to be on
point come Aragón race to be in contention for the podium.
Nevertheless, we are happy where we are and we look forward to the
first round.”

Tom Sykes, BMW Motorrad WorldSBK Team: “It has been a
very productive test. We have done such a lot now with the electronics
all over, the traction control, the engine brake, the power level
maps. We’ve also been working with different chassis configurations
and set-up and were also trying some things with the engine. Apart
from that it was quite some other fundamental things that we have been
trying. So overall, they have been very busy days. A big thanks to the
whole BMW Motorrad WorldSBK Team that has put in very long hours on
all the preparations. We just need to go back now and use all this
information but certainly there has been a lot gathered and I really
feel we can improve the whole package of the new BMW M 1000 RR. I am
looking forward to the first races now.”

Michael van der Mark, BMW Motorrad WorldSBK Team:
“They have been fantastic days. All days, the weather was good. On
Monday, it was a bit cold but then it got warmer and warmer so we got
a lot of different weather and track conditions and this was really
good. It was perfect to test here just before the first race. A lot of
things to try, a lot of things to improve but I am really happy with
the progression we are making. Of course it’s always difficult to see
where you are at a test but we will find out at the race weekends. I
am looking forward to some good battles again and to fight with the
other guys on track.”

Jonas Folger, Bonovo MGM Racing: “That was our final
test before the start of the season. We once again used the time to
test all our options and directions, from the chassis to the
electronics. We learned a lot, so we are well-prepared for the first races.”

Eugene Laverty, RC Squadra Corse: “First and
foremost, I am so happy to be back on a bike after six and a half
months off. The big surprise for me was that after this period I was
able to get back on my bike and within two exists be on a good pace.
So we had three really good days, good weather, surprisingly fast lap
times and my main focus has been to improve the baking performance and
we did that. So, job well done and I am really happy with my RC
Squadra Corse team. Now I am looking forward to the first round here
at Aragón after our successful test.”

Original Press Release

Versatile, stylish and sustainable on tour: the MINI Electric with MINI Genuine Accessories.

BMW:Versatile, stylish and sustainable on tour: the MINI Electric with MINI Genuine Accessories.

Munich. The temperatures are rising and with them the
anticipation of outdoor activities and excursions into nature. The
model-specific railing and roof rack systems from the MINI Genuine
Accessories range create ideal conditions for leaving the limits of
urban mobility behind and combining driving pleasure with active
leisure activities. The MINI Cooper SE (combined power consumption:
17.6 – 15.2 kWh/100 km according to WLTP, 16.9 – 14.9 kWh/100 km
according to NEDC) is a particularly sustainable escape from everyday
life. As the only purely electrically driven model in its competitive
environment, it can also be optionally equipped with roof rails. This
means that nothing stands in the way of locally emission-free
transport of roof boxes, bicycles or other sports and leisure utensils.

With a range of 203 to 234 kilometres determined in the WLTP test
cycle, the MINI Cooper SE is ideally equipped to explore new routes
away from the urban jungle. And when it comes to versatility and
transport capacities, the first purely electrically powered model from
the British premium brand is in no way inferior to the conventionally
powered variants of the MINI 3-door. With all four seats utilised, its
luggage compartment volume is also 211 litres. And after folding down
the rear seat backrest, which can be divided in a 60 : 40 ratio, the
storage space increases to 731 litres, just like in a MINI 3-door with
an internal combustion engine. And that’s not all: the railing and
roof rack systems from the MINI Genuine Accessories range turn the
electrified model into a versatile transport talent in no time at all.

The conditions for this are created by the roof rails in matt black,
which are available directly from production site. On the roof of the
MINI Cooper SE, it forms the stable basis for various fastening and
transport systems, which are available in the MINI Genuine Accessories
range for both the MINI Cooper SE and the conventionally powered MINI
3-door and MINI 5-door models. For example, the railing rack available
there as a retrofit product enables the MINI roof box to be locked in
place comfortably and securely. With a tare weight of 13 kilograms, it
offers a capacity of 320 litres. This provides sufficient space for
sports clothing, bicycle helmets or even camping and picnic equipment.
Even skis can be stored in the roof box, which is around 1.90 metres
long. The all-black box has embossed stripes and MINI lettering. It is
lockable and can be opened on both sides.

Because the brand’s typical principle of creative use of space also
applies to the roof of the MINI Cooper SE, there is even room for a
bicycle next to the roof box. With the touring bike holder, which is
also available in the MINI Genuine Accessories range, two-wheelers of
different types and sizes can be mounted upright and securely on the
railing carrier. The holder made of high-strength aluminum fixes the
bike with a lockable clamping system and two tension straps. In
addition, the range includes other transport solutions such as ski
racks and an aluminum luggage basket, which are also compatible with
the railing carrier.

The MINI Cooper SE becomes the ideal companion for a short trip or
weekend excursion with the model-specific Travel & Comfort System.
It consists of a basic carrier that can be firmly mounted between the
headrest rails of the driver’s or front passenger’s seat. Various
system attachments can be quickly and conveniently slipped on and
snapped into place. For example, holders for tablets or hangers and
universal hooks for bags can be securely attached to the backrests of
the front seats.

In addition, a folding table that can be used as a work or storage
surface can be attached to the basic support of the Travel &
Comfort System. It can be adjusted in height and inclination as needed
and is held securely on the backrest of the seat. Another clever
detail of the folding table is the foldable cup holder. An ideal
solution in the fight against impatience and boredom in the rear of
the MINI Cooper SE is the universal holder for tablets with a screen
diameter of between seven and eleven inches. It ensures that the
tablet is securely fastened in an ergonomically optimal position,
making it easy to start an individual entertainment programme for the
passengers in the rear seats on longer trips beyond the city limits.

In case of queries, please contact:

Corporate Communications

Julian Kisch, Press Spokesperson Product
Communication MINI
Tel.: +49-89-382-38072
E-mail: julian.kisch@mini.com

Andreas Lampka, Head of Communication MINI
Tel.:
+49-89-382-23662
E-mail: andreas.lampka@mini.com

Jennifer Treiber-Ruckenbrod, Head of Communication MINI and BMW
Motorrad
Tel.: +49-89-382-35108
E-mail: jennifer.ruckenbrod@bmwgroup.com

Fuel consumption, CO2 emission figures and power consumption were
measured using the methods required according to Regulation VO (EC)
2007/715 as amended. They refer to vehicles on the automotive market
in Germany. For ranges, the NEDC figures take into account
differences in the selected wheel and tyre size, while the WLTP
figures take into account the effects of any optional equipment.

All figures are already calculated on the basis of the new WLTP
test cycle. NEDC values listed have been calculated back to the NEDC
measurement procedure where applicable. WLTP values are used as a
basis for the definition of taxes and other vehicle-related levies
that are (also) based on CO2 emissions and, where applicable, for
the purposes of vehicle-specific subsidies. Further information on
the WLTP and NEDC measurement procedures is also available at www.bmw.de/wltp can be found.

For further details of the official fuel consumption figures and
official specific CO2 emissions of new cars, please refer to the
“Manual on the fuel consumption, CO2 emissions and power consumption
of new cars”, available at sales outlets, from Deutsche Automobil
Treuhand GmbH (DAT), Hellmuth-Hirth-Str. 1, 73760
Ostfildern-Scharnhausen and at https://www.dat.de/co2/.

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2020, the BMW Group sold over 2.3 million passenger vehicles and
more than 169,000 motorcycles worldwide. The profit before tax in the
financial year 2020 was € 5.222 billion on revenues amounting to €
98.990 billion. As of 31 December 2020, the BMW Group had a workforce
of 120,726 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategic direction, from
the supply chain through production to the end of the use phase of all products.

www.bmwgroup.com
www.press.bmwgroup.com/deutschland

https://pressevents.bmwgroup.com/mini/login

Facebook: http://www.facebook.com/BMWGroup
Twitter:
http://twitter.com/BMWGroup
YouTube:
http://www.youtube.com/BMWGroupView
YouTube
https://www.youtube.com/MINI
Instagram:
https://www.instagram.com/bmwgroup
Instagram
https://www.instagram.com/mini.news
LinkedIn:
https://www.linkedin.com/company/bmw-group/

Original Press Release

Track facts and key factors: BMW i Andretti Motorsport ahead of the Monaco E-Prix.

BMW:Track facts and key factors: BMW i Andretti Motorsport ahead of the Monaco E-Prix.

Munich. Following Jake Dennis’ (GBR) victory in the Sunday
race at Valencia (ESP), the BMW i Andretti Motorsport Team travels
to Monaco (MON) and race seven of this season’s ABB FIA Formula E
World Championship with the wind in its sails. Thanks to the 29
points he scored at Valencia, Dennis now lies eighth in the Drivers’
Championship. BMW i Andretti Motorsport is seventh in the Team
competition. For the first time, Formula E will use large stretches
of the Mediterranean principality street circuit that has been made
famous by Formula 1. Maximilian Günther (GER) will be contesting his
first race in his new adopted home. In our preview, we provide you
with the crucial facts and key factors for a successful Monaco E-Prix.

 

You can find detailed information in our Media Guide: https://b.mw/Formula_E_Media_Guide.
It provides detailed information on the technology behind the BMW i
drivetrain and the BMW iFE.21, background stories on the technology
transfer between motor racing and production development, the BMW i
Andretti Motorsport Team and the drivers as well as the BMW Group
safety car fleet. It is updated with facts and figures on the
respective event after each race weekend.

 

TRACK FACTS MONACO.

Circuit length

3.318 km, clockwise.

Corners

19 – of which 7 are
left turns, 12 are right turns.

Track surface

Undulating.
More bumps than at Valencia, but not as many as in Rome.

Grip level

Good for a street
circuit. Disadvantages for early qualifying groups are
greater than in Valencia, but not as big as in Rome.

Track layout

The long
layout, also used by Formula 1, for the first time. Slight
modifications for Formula E in T1 and the harbour chicane.
Steep uphill from T1 to T4, downhill from T4 to T9. Change
in elevation of 42 metres. Mix of fast, medium-fast and slow
corners. High-speed compared to other street circuits.

Top speed

225 km/h.

Attack zone

On the outside
of T4.

Pit lane

Analogue Formula 1
pit lane.

Overtaking

Very difficult.
Narrow circuit, and energy management less critical than at
Valencia, for example. Best opportunity: T10 after the tunnel.

Accident risk

Increased risk
on narrow street circuit.

Key factors

Qualifying
performance, balance over kerbs.

 

 

Quotes ahead of the Monaco E-Prix:

 

Roger Griffiths (Team Principal BMW i Andretti Motorsport):

“The BMW i Andretti Motorsport team heads to Monaco on a high after
the win at Valencia. After that result we are eager to score more
points and taste success. It will definitely be exciting to see the
Formula E cars running on the full Monaco circuit featuring all its
famous sights. Qualifying will be key and with our drivers in group
two and group four, we stand a strong chance of good start positions.
There are many unknowns about this track, especially regarding energy
management during the race. Monaco always manages to bring an element
of anticipation and mystique so we are sure the race will be exciting
and we look forward to a strong result for both drivers and the team.”

 

Jake Dennis (#27 BMW iFE.21):

“I have been watching races in Monaco since I was a child. To now be
able to go racing there myself is something very special. I am really
looking forward to it. Hopefully, we will be able to get a similar
result there to my victory at Valencia last time out.”

 

Maximilian Günther (#28 BMW iFE.21):

“The anticipation ahead of my home race is huge. Monaco is of very
special significance to every racing driver. Being able to sleep in my
own bed this time makes it all the more special. The circuit has a lot
of challenging and iconic corners, but we feel well prepared for them.
It is definitely going to be a great show.”

 

The FANBOOST vote.

FANBOOST gives Formula E fans the opportunity to vote for their
favourite driver and award them an extra boost of power during the
race. The five drivers with the most FANBOOST votes receive an extra
100 kJ of power, which they can make use of during a brief time frame
in the second half of the race. Fans can vote for their favourite
driver in the four days prior to, and leading up to 15 minutes into,
each race. Each fan can vote once per day. There are two ways to vote:
Online at https://fanboost.fiaformulae.com/
or via the official Formula E App

 

The BMW Group Safety Cars.

The BMW Group has been represented in the ABB FIA Formula E
World Championship as ‘Official Vehicle Partner’ since the very
beginning and will continue to provide the fleet of safety cars for
season 7 of the fully-electric racing series. Alongside the BMW i8
Roadster Safety Car (fuel consumption (combined): 2.0 l /100 km;
energy use (combined): 14.5 kWh /100 km; combined CO2 emissions: 46
g/km)*, which has been modified specially for racing use, the MINI
Electric Pacesetter inspired by JCW will be appearing as a new safety
car from the Rome E-Prix onwards. The development of the car based on
the new MINI Cooper SE represents a hitherto unique collaboration
between MINI Design, BMW Motorsport, the FIA and Formula E. The fleet
also includes the BMW i3s (Power consumption in kWh/100: 14.6-14.0
(NEDC); 16.6-16.3 (WLTP), electric range in km: 278-283 (WLTP))* as
‘Race Director Car’ and the BMW iX3 (Power consumption in kWh/100:
17.8-17.5 (NEDC); 19.0-18.6 (WLTP), electric range in km: 450-458
(WLTP))* in its roles as ‘Medical Car’ and ‘Rescue Car’.

*Official data on power consumption and electric range were
determined in accordance with the mandatory measurement procedure and
comply with Regulation (EU) 715/2007 valid at the time of type
approval. In case of a range, figures in the NEDC take into account
differences in the selected wheel and tire size; figures in the WLTP
take into account any optional equipment. WLTP values are used for
assessing taxes and other vehicle-related charges that are (also)
based on CO2 emissions, as well as for the purposes of
vehicle-specific subsidies, if applicable. Where applicable, the NEDC
values listed were calculated based on the new WLTP measurement
procedure and then converted back to the NEDC measurement procedure
for comparability reasons. For more information on the WLTP and NEDC
measurement procedures, see www.bmw.de/wltp.
For
further information about the official fuel consumption and the
specific CO2 emission of new passenger cars can be taken out of the
‘handbook of fuel consumption, the CO2 emission and power consumption
of new passenger cars’, which is available at all selling points and
at https://www.dat.de/angebote/verlagsprodukte/leitfadenkraftstoffverbrauch.
html.

Original Press Release

BMW M Motorsport News, 4th May 2021.

BMW:BMW M Motorsport News, 4th May 2021.

BMW M Motorsport teams are once again in action all over the world in
2021. They are challenging for race wins and titles with the BMW M6
GT3, the BMW M4 GT4, the BMW M2 CS Racing, and other BMW M Motorsport
race cars. Our BMW M Motorsport News allows us to give you an overview
of the race action in various championships around the world and any
success enjoyed by the BMW M Motorsport teams. Throughout the year, we
also highlight certain topics in specific press releases.

NLS: The Nordschleife season is up and running.

After the opening round of this season’s Nürburgring Endurance
Series (NLS) was cancelled due to snow, rounds two and three were held
on the Nürburgring-Nordschleife (GER) in mid-April and on the first
weekend in May. In April’s race, the BMW Junior Team was the
best-placed BMW team in the #44 BMW M6 GT3. Neil Verhagen (USA), Max
Hesse (GER) and Dan Harper (GBR) finished eighth overall alongside
Augusto Farfus (BRA).
 
Next up was NLS 3 on the first
weekend in May. After four hours of racing, the #99 ROWE Racing BMW M6
GT3, with Nick Catsburg (NED), John Edwards (USA) and Nick Yelloly
(GBR), came home in fifth place. The same car also set the fastest lap
of the race. Just behind them, in sixth place, were Connor De
Phillippi (USA), Martin Tomczyk and Marco Wittmann (both GER) in the
#98 BMW M6 GT3 of ROWE Racing. The fastest time in qualifying, and
with it pole position, went to the #20 Schubert Motorsport BMW M6 GT3.
In the race itself, the Schubert team and its drivers Jens Klingmann
(GER), Jesse Krohn (FIN), Alexander Sims (GBR) and Stef Dusseldorp
(NED) finished eleventh.
 
The BMW Junior Team failed to
finish, but gained more valuable experience looking ahead to the
24-hour race. “Our pace was good, and we made great progress again. We
are confident and well-positioned,” said Hesse.
 
BMW teams
also enjoyed success in the different classes. In the SP10 class for
GT4 cars, Hofor Racing by Bonk Motorsport secured second place. The
#191 BMW M4 GT4 was driven by Michael Fischer (AUT), Gabriele Piana
(ITA) and Michael Schrey (GER) pilotiert). In addition, the BMW teams
picked up five class wins in both NLS races. The victorious teams
included Hofor Racing by Bonk Motorsport, Adrenalin Motorsport Team
Alzner Automotive, FK Performance Motorsport, and Schnitzelalm Racing
GmbH.
 
On the Thursday before NLS 3, the new flagship in
the portfolio of cars BMW M Motorsport took it to the track on the
Nordschleife for the first time: the BMW M4 GT3 successfully completed
a test on this unique, over 20 kilometre long circuit.

BMW M2 CS Racing Cup NLS: Strong field on the Nordschleife.

The first two races of this season’s BMW M2 CS Racing Cup NLS
were also held on the Nürburgring-Nordschleife (GER) within the
Nürburgring Endurance Series (NLS). The cup competition featured a
strong field consisting of twelve cars in race one and eleven in race
two. Victory in the opening round in April went to the FK Performance
Motorsport team. The #875 BMW M2 CS Racing was driven by Marc Ehret,
Moritz Oberheim and Nico Otto (all GER). The second spot on the podium
went to Yannick Fübrich (GER), David Griessner (AUT) and Francesco
Merlini (ITA) in the #870 BMW M2 CS Racing run by Adrenalin Motorsport
Team Alzner Automotive. Thomas Leyherr and Lars Peucker (both GER)
completed the podium in the number 899 car of LifeCarRacing / KRAC im
ADAC e.V. In the second race, held on the first weekend in May, it was
Fübrich, Griessner and Merlini who took the victory for Adrenalin
Motorsport Team Alzner Automotive. The #875 trio from FK Performance
Motorsport finished runner-up this time. The third and final place on
the podium went to Florian Weber, Davide Dehren (both GER) and Will
Tregurtha (GBR) in the #888 Walkenhorst Motorsport BMW M2 CS Racing.

BMW M2 CS Racing Cup Italy: First races of the season in Monza.

The BMW M2 CS Racing Cup Italy held its first races of the 2021
season in Monza, Italy on the first weekend of May. Race one on
Saturday saw heavy rain. The first win of the year was secured by
Filippo Maria Zanin (ITA) in the #19 BMW M2 CS Racing of Pro
Motorsport BMW Milano. Second place went to Vitantonio Liuzzi (ITA) in
the #8 car of BMW Italia. Alessandro Brigatti (ITA / #77) from team
A-Sport & Progetto E20 Cacioli Gr completed the podium in third
position. Race two was held in dry conditions. This time, the winner
was Gustavo Sandrucci (ITA / #16 Progetto E20). Luigi Ferrara (ITA /
#3 V-Action by Nanni Nember) finished second and Leonardo Moncini (ITA
/ #10 V-Action by Effe Group) crossed the line in third position.

Fanatec GT World Challenge Europe: Season-opener in Monza.

The Fanatec GT World Challenge Europe powered by AWS kicked off
the 2021 season in Monza (ITA) in mid-April. Among those in action:
three BMW M6 GT3. Walkenhorst Motorsport lines up with two cars in the
endurance races this season. However, the team from Melle (GER) was
unfortunate in the rainy opening race, with several punctures
resulting in them dropping back through the field. Sheldon van der
Linde (RSA), Marco Wittmann (GER) and David Pittard (GBR) eventually
finished 26th in the #34 BMW M6 GT3. Their team-mates Martin Tomczyk,
Timo Glock (both GER) and Thomas Neubauer (FRA) came home in 32nd
place in the number 35 car. The Boutsen Ginion team were
promisingly-placed for much of the race with the #10 BMW M6 GT3, but
also suffered a puncture with 50 minutes remaining, which forced the
trio of Karim Ojjeh (KSA), Jens Liebhauser and Jens Klingmann (both
GER) to retire. At this point, they were running second in the Pro-Am
class and on course for a podium finish.

Fanatec GT World Challenge America: Podium for Turner Motorsport.

The Fanatec GT World Challenge America powered by AWS held its
second event of the season on the first weekend in May at the “Circuit
Of The Americas” in Austin (USA). Saturday’s race was dominated by
heavy rain, which made for extremely difficult conditions. However,
this did not prevent the Turner Motorsport team from securing a spot
on the podium. Michael Dinan and Robby Foley (both USA) finished third
in the #96 BMW M6 GT3. The same duo then came home fifth in the second
race on Sunday.

Italian GT Championship: BMW Team Italia takes victory at season-opener.

The Italian GT Championship kicked off the 2021 season on the
first weekend in May in Monza (ITA). Among those in action again: BMW
Team Italia. It proved to be a successful start to the season for the
#215 BMW M4 GT4. Nicola Neri and Giuseppe Fascicolo (both ITA) ended
the Saturday race in third place in the GT4 AM class. The Italian pair
then claimed their first win of the season in the Sunday race. The
team’s #7 BMW M6 GT3, driven by Stefano Comandini (ITA) and Marius Zug
(GER), finished ninth in the first of the two races, before failing to
finish race two.

GT4 European Series: Podium for the BMW M4 GT4.

There was also a podium result for the BMW M4 GT4 at the opening
round of the 2021 season in the GT4 European Series, which was held in
Monza (ITA) in mid-April. In the second of the two races, Cem
Bölükbasi and Berkay Besler (both TUR) finished second in the Pro-Am
category in the #12 BMW M4 GT4 run by the Borusan Otomotiv Motorsport team.

GT/GT4/TC America: One-two-three for the BMW M2 CS Racing in Texas.

In the USA, the second event of the season in GT America, GT4
America and TC America was held on the first weekend in May. The venue
was the “Circuit Of The Americas“ in Austin, in the US state of Texas.
In the two races held in each of the series, BMW teams again enjoyed
numerous successes. In GT America, Sean Quinlan (USA) celebrated the
GT4 class win in race two at the wheel of the #119 BMW M4 GT4 of
Stephen Cameron Racing. In GT4 America, Quinlan ended race two in an
outstanding third place overall (second place in the Pro-Am class)
together with Gregory Liefooghe (USA). Jon Miller and Chandler Hull
(both USA) claimed a class victory in the Silver category in the #94
BimmerWorld Racing BMW M4 GT4 in GT4 America. The Classic BMW team
finished on the podium in the Silver class in both races with the #11
BMW M4 GT4: the duo of Steve McAleer (GBR) and Toby Grahovec (USA)
came home third and second in their class.

In TC America, the BMW M2 CS Racing was unbeatable in Sunday’s
race. The BMW teams celebrated an impressive one-two-three. Jacob Ruud
(USA) of the Classic BMW team made it onto the top step of the podium
with the #81 BMW M2 CS Racing. ST Racing driver Samantha Tan (CAN) was
runner-up in the number 428 car, while Steve Streimer (USA / #30 Hard
Motorsport) completed the success in third place. The BMW teams had
already enjoyed a top-three lock-out in the TCX class in Saturday’s
race, with Ruud and Tan in first and second place, followed by John
Hennessey (USA / #50 Classic BMW) in third.

Original Press Release

BMW Group Strengthens Leadership Position in Battery Technology with Investment in Solid-State Innovator Solid Power

BMW:BMW Group Strengthens Leadership Position in Battery Technology with Investment in Solid-State Innovator Solid Power

 ### Start of joint Press Release from all partners involved ###

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 and Ford now share leading positions in the race for solid-state
battery-powered electric vehicles,” said Doug Campbell, CEO and
co-founder of Solid Power. “Solid Power now plans to begin producing
automotive-scale batteries on the company’s pilot production line in
early 2022 as a result of our partners’ continued commitment to Solid
Power’s commercialization efforts.”

Solid Power has demonstrated its ability to produce and scale
next-generation all solid-state batteries that are designed to power
longer range, lower cost and safer electric vehicles using existing
lithium-ion battery manufacturing infrastructure.

Solid Power’s leadership in all solid-state battery development and
manufacturing has been confirmed with the delivery of hundreds of
production line-produced battery cells that were validated by Ford and
BMW Group late last year, formalizing Solid Power’s commercialization
plans with its two long-standing automotive partners. 

“Solid-state battery technology is important to the future of
electric vehicles, and that’s why we’re investing directly,” said Ted
Miller, Ford’s manager of Electrification Subsystems and Power Supply
Research. “By simplifying the design of solid-state versus lithium-ion
batteries, we’ll be able to increase vehicle range, improve interior
space and cargo volume, deliver lower costs and better value for
customers and more efficiently integrate this kind of solid-state
battery cell technology into existing lithium-ion cell production processes.”

“Being a leader in advanced battery technology is of the utmost
importance for the BMW Group. The development of all solid-state
batteries is one of the most promising and important steps towards
more efficient, sustainable, and safer electric vehicles. We now have
taken our next step on this path with Solid Power,” said Frank Weber,
Member of the Board of Management BMW AG, Development. “Together we
have developed a 20 Ah all solid-state cell that is absolutely
outstanding in this field. Over the past 10 years BMW has continuously
increased the battery cell competence– important partners like Solid
Power share our vision of a zero-emission mobility.”

Solid Power is currently producing 20 ampere hour (Ah) multi-layer
all solid-state batteries on the company’s continuous roll-to-roll
production line, which exclusively utilizes industry standard
lithium-ion production processes and equipment.

Both Ford and the BMW Group will receive full-scale 100 Ah cells for
automotive qualification testing and vehicle integration beginning in
2022. Solid Power’s all solid-state platform technology allows for the
production of unique cell designs expected to meet performance
requirements for each automotive partner. Solid Power’s truly
all-solid cell designs achieve higher energy densities, are safer and
are expected to cost less than today’s best-performing lithium-ion
battery cells.

“Volta invested early in Solid Power when our team of energy and
commercialization experts found they had not only promising
technology, but also a fundamental focus on manufacturability. After
all, a breakthrough battery will not find a place in the market if it
can’t be produced at scale with acceptable costs,” said Dr. Jeff
Chamberlain, CEO of Volta Energy Technologies, a venture capital firm
spun out of the U.S. Department of Energy’s Argonne National
Laboratory focused on investing in breakthrough energy storage and
battery innovations. “The fact that Solid Power is already producing
multi-layer all solid-state batteries using industry-standard
automated commercial manufacturing equipment is why Volta is excited
to ramp up its earlier investment. The company’s partnership with BMW
and Ford will further accelerate the full commercialization of Solid
Power’s batteries and position both car companies to be among the
first to have EVs on the road powered by safer, affordable,
high-energy solid-state batteries.”

                   ### end of joint Press Release from all partners
involved ###

For the BMW Group, it is clear that high-performance and sustainable
energy storage systems are the key success factor for the individual
mobility of the future. The development of highly innovative and
sustainable battery cells is therefore one key element of the next
phase of transformation of the BMW Group.

The BMW Group is accelerating its development for the battery
technology of the future: This goal is also reflected in the Neue
Klasse, which the BMW Group first presented at its annual conference
in March. This new generation of vehicles, which will be launched by
the middle of this decade, will be uncompromisingly electric, digital,
circular – and clearly focused on all-electric drivetrains.

With the Neue Klasse, the BMW Group aims at the level of
state-of-the-art internal combustion engines in terms of range and
manufacturing costs. Therefore, electric mobility “engineered by
BMW” is intended to appeal to and convince new groups of buyers
worldwide. For this sixth generation of BMW e‑drive technology,
featuring the next level of Lithium-Ion batteries, the company
evaluates correspondingly different cell formats, cell chemistry and
also cell modules in the current development phase. A key goal is to
create truly green, low-carbon and recyclable batteries.

Solid-state battery for serial use – demonstrator vehicle well
before 2025

However, the BMW Group with its extensive in-house expertise in the
complete value chain of electric drive for years, is already planning
further into the future beyond this next generation:

By the end of the decade, the energy density of battery cells is
expected to increase by at least a mid-double-digit percentage range –
from an already high level today.

The battery cell of the future will be powerful, safe,
cost-effective, and recyclable – from material selection to
recyclability after the use in the vehicle. For the end of the decade
the BMW Group has announced an automotive-compatible all solid-state
battery for series production. A first demonstrator vehicle featuring
this technology will be on the road well before 2025.

Electric offensive in full swing

Thanks to intelligent vehicle architectures and a highly flexible
production network, the BMW Group will have around a dozen
all-electric models on the road as early as 2023.

In addition to the BMW i3*, MINI Cooper SE* and BMW iX3*, which are
already on the market, two key innovation drivers, the BMW i4* and the
BMW iX* will be put on the road this year– the BMW i4 even three
months earlier than originally planned.

In the coming years, all-electric versions of the high-volume BMW 5
Series and the BMW X1 will follow. In addition, there will be an
all-electric BMW 7 Series as well as the successor to the MINI
Countryman and other models. As early as 2023, the BMW Group will have
at least one all-electric model on the road in around 90 percent of
its current market segments.

By 2025, the BMW Group will increase sales of all-electric models by
an average of significantly more than 50 percent per year – more than
ten times more than in 2020. In total, the company will have delivered
around two million all-electric vehicles to customers by the end of 2025.

Based on current market expectations, the BMW Group is planning that
by 2030 at least 50 percent of its global sales will consist of
all-electric vehicles. In total, the company will bring about ten
million all-electric vehicles onto the road over the approximately
next ten years. This also means that the BMW Group is strategically on
target of achieving the EU’s ambitious CO2 reduction targets in 2025
and 2030.

The investment in Solid Power again demonstrates the BMW Group´s
capability to identify the leading tech start-ups and to join forces
on the way to achieve pathbreaking next generation technology. Various
BMW Technology scouting offices around the world, outstanding startup
accelerators, the BMW Startup Garage and BMW i Ventures, are always on
the lookout for leading edge or disruptive tech in an increasingly
competitive ecosystem.
As a result, BMW sets the standard for
successful start-up collaboration, venture funding and corporate investment.

 

In the event of enquiries please contact:

Corporate Communications

Bernhard Ederer, BMW Group Innovation Communications
Tel.: +49
(0) 176 601 28556, e-mail: bernhard.ederer@bmwgroup.com

Max-Morten Borgmann, BMW Group Corporate
Communications
Tel: +49 89 382-24118, e-mail: max-morten.borgmann@bmwgroup.com

Benjamin Titz, Head of BMW Group Design, Innovation &
Motorsport Communications
Tel.: +49 (0)179 – 743 80 88, e-mail: benjamin.titz@bmw.de

Media website: www.press.bmwgroup.com

Email: presse@bmwgroup.com

 

 

 

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2020, the BMW Group sold over 2.3 million passenger vehicles and
more than 169,000 motorcycles worldwide. The profit before tax in the
financial year 2020 was € 5.222 billion on revenues amounting to
€ 98.990 billion. As of 31 December 2020, the BMW Group had a
workforce of 120,726 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategic direction, from
the supply chain through production to the end of the use phase of all products.

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmw-group/

Original Press Release

Innovation driver for hydrogen technology and tomorrow’s sustainable CO2-free mobility

BMW:Innovation driver for hydrogen technology and tomorrow’s sustainable CO2-free mobility

+++ Bavarian Economic Affairs Minister Hubert Aiwanger and BMW
Group Board of Management Member Dr Andreas Wendt impressed by
Landshut Lightweight Construction and Technology Centre’s expertise
in manufacturing components for hydrogen propulsion

+++ Innovative capabilities and industrialisation expertise
showcased in small series of BMW i Hydrogen NEXT from 2022

Landshut. Development of CO2-free drive
technologies is a top priority for the BMW Group. Hydrogen vehicles
can also play an important role in the growth of e-mobility and will
become an additional option in the long term. Just like electric
vehicles, hydrogen vehicles come with an electric drive train.
However, they do not obtain the energy they need from high-voltage
batteries, but produce it directly on board the vehicle from hydrogen.
In this way, the use of innovative hydrogen technology can help
further decarbonisation.

The Lightweight Construction and Technology Centre (LuTZ) in Landshut
plays a key part in this by producing essential components for the
hydrogen-electric drive train that will be installed in the BMW i
Hydrogen NEXT from 2022 and supplying them for installation of the
fuel cell system in Munich. Bavarian Minister of Economic Affairs
Hubert Aiwanger and BMW Group Board of Management Member Dr Andreas
Wendt were able to see the company’s strong innovation capabilities
and industrialisation expertise in the field of hydrogen for
themselves at today’s “Hydrogen Technology Day”.

“I am convinced hydrogen technology will gain traction – and I am
committed to making Bavaria a high-tech location for hydrogen
technology. This is a constructive way of responding to the climate
debate,” stated Hubert Aiwanger, Deputy Minister-President of Bavaria
and the state’s Minister for Economic Affairs, Regional Development
and Energy, on a visit to the component plant in Landshut in Lower
Bavaria. “The focus now is on building a hydrogen infrastructure at
national and international level, from production to application.”

“Here at our Lightweight Construction and Technology Centre, we are
creating important innovations for the mobility of the future,” said
Dr Andreas Wendt, member of the Board of Management of BMW AG
responsible for Purchasing and Supplier Network. “We are developing
highly complex components tailored to the demands of our cars. In this
way, the location is making a vital contribution to the company’s
transformation towards e-mobility. More than ever, our in-house
component production in Landshut serves as an innovation driver.”

Small series of second-generation BMW i Hydrogen NEXT from
late 2022

Hydrogen vehicles generate the electrical energy needed from hydrogen
directly in the vehicle and offer a number of advantages. They are
best suited for customers who frequently drive long distances, require
a great deal of flexibility or do not have regular access to electric
charging infrastructure. Refuelling takes just a few minutes, as it
does with conventional fuels. Vehicles that run on hydrogen produced
using renewable energy can make an important contribution to meeting
climate goals.

The BMW Group will pilot a small series of the BMW i Hydrogen NEXT
from 2022, based on the current BMW X5 and equipped with a hydrogen
fuel cell e-drive that only emits water vapour. The BMW Group is
building on its experience with fifth-generation e-drives to develop
this vehicle.

However, the conditions needed to be able to offer BMW Group
customers a hydrogen vehicle are not yet in place. Further commitment
is necessary – particularly with regard to the hydrogen filling
infrastructure and requirements throughout the entire energy system,
where green hydrogen must be available in sufficient quantities and
produced at competitive prices for individual mobility.

In Germany, the European Union and other major regions of the world,
lawmakers have recognised the significance of green hydrogen for the
energy system of the future. The European Union has mad hydrogen
technology a focal point with the “Green Deal”. The BMW Group welcomes
these activities. Major Asian markets, such as Japan, Korea and China,
have expressed a strong interest in establishing infrastructure for
hydrogen vehicles. The conditions for hydrogen fuel cell vehicles will
develop differently around the world.

Highly innovative components from Landshut for fuel cell
system

Preparations are already underway in Landshut for the fuel cell
system that will be used in the BMW i Hydrogen NEXT from 2022. The
production location in Lower Bavaria will manufacture highly
innovative components for the small series: the so-called stack
housing made of light metal, which holds the fuel cells, and the media
end plate made of plastic and light metal castings, which creates an
air and watertight seal around the stack housing. “Media” refers here
to the hydrogen, oxygen and coolant that are channelled into the
housing through the media end plate to initiate the chemical reaction
in the fuel cells. These complex components are specifically designed
to withstand prolonged contact with hydrogen.

“Having the Lightweight Construction and Technology Centre here
at the site gives us a real advantage over our competitors. We have
innovative capabilities and industrialisation expertise; we are able
to develop strategically crucial innovations ourselves and, at the
same time, we can reliably assess external partners and suppliers,”
said Dr Wolfgang Blümlhuber, head of Technology Driving Dynamics,
Light Metal Casting in the Purchasing and Supplier Network. “In a
technological transformation, success doesn’t happen by itself.
Courage, pioneering spirit and a long-term shift in competence have
been part of the secret of our success in the past – and our highly
qualified employees and their willingness to change play a key role,”
according to Willibald Löw, Chairman of the Works Council of BMW Group
Plant Landshut.

Fuel cell system in the BMW i Hydrogen NEXT

Within the drive train, the fuel cell system of the BMW i Hydrogen
NEXT is continuously fed with hydrogen from CFRP tanks and generates
up to 125 kW of electrical power for the electric motor mounted on the
rear axle. The underlying mechanism for this is a chemical reaction
between hydrogen and oxygen, with water the only reaction product. Two
700-bar tanks, which together hold six kilograms of hydrogen,
guarantee extensive range in all weather conditions and can be
refilled in just three to four minutes.

The electric motor in the BMW i Hydrogen NEXT is the same
highly-integrated fifth-generation e-drive used for the first time in
the BMW iX3. The high-voltage battery that sits above the e-drive
serves as a performance buffer and provides additional dynamics for
acceleration. The drive train system delivers a total output of 275 kW
(374 hp).

Over 40 years of experience with hydrogen technology

The BMW Group has over 40 years of experience with hydrogen
technology and more than 20 years in the field of hydrogen fuel cell
technology. Both the technology and the BMW i Hydrogen NEXT are being
developed in Munich. Hydrogen is also not new to the Landshut
location: Back in 2000, Plant Landshut fitted the technology flagship
of the day, the BMW Hydrogen 7, with a hydrogen combustion engine and
cast components shaped using sand cores. “Plant Landshut represents
the power of innovation from Lower Bavaria,” underlined Dr Stefan
Kasperowski, head of BMW Group Plant Landshut. “With the current
innovations for alternative CO2-free drive technologies,
the BMW Group is once again making a clear commitment to the
location.” As the BMW Group’s largest component plant worldwide, the
Landshut location has six different technologies at its command and
concentrates cross-technology pre-development expertise at the
Lightweight Construction and Technology Centre.

In addition, the BMW Group is already using hydrogen fuel cell
technology wherever it makes sense to do so: The fleet of several
hundred fork-lift trucks with fuel cell drive trains currently
deployed in logistics at the car plants in Spartanburg and Leipzig
will be further expanded in stages.


If you have any questions, please contact:

Communications BMW Group Plant Landshut
Saskia
Eßbauer, BMW Group Corporate and Governmental Affairs, Communications
Landshut
Telephone: +49 151 6040 3232, Email: Saskia.Essbauer@bmw.de

BMW Group Corporate Communications
Sandra
Schillmöller, Corporate Communications, Communications Purchasing and
Supplier Network,
Telephone: +49 151 601 12225, Email: Sandra.Schillmöller@bmw.de

BMW Group Innovation Communications
Carolin
Seidel, BMW Group Innovation Communications, press spokesperson,
Research, New Technologies, Innovation, Telephone: +49 151 601 90340,
Email: Carolin.Seidel@bmw.de


Media website: www.press.bmwgroup.com
Email: presse@bmw.de

BMW Group Plant Landshut
At BMW Group Plant
Landshut, around 3,600 employees produce light metal cast engine,
suspension and body structure components, plastic components for the
vehicle exterior, carbon body components, cockpit and equipment
options, electric drive systems, special engines and drive shafts.
Plant Landshut is the BMW Group’s largest component plant and supplies
components to all BMW Group vehicle and engine plants worldwide – and
therefore for virtually every BMW, MINI and Rolls-Royce vehicle, as
well as for BMW Motorrad. BMW Group Plant Landshut stands for
component production characterised by digitalisation and geared
towards sustainability, and is committed to responsible use of
resources.
With forward-looking technologies, BMW Group Plant
Landshut assumes the role of innovation driver in the technological
transformation of the automotive sector and its supplier industry. At
the Lightweight Construction and Technology Centre (LuTZ) adjacent to
the plant, specialists from a wide range of disciplines are brought
into development processes for new vehicles in the early stages and
help actively drive sustainable development of future vehicle models.
BMW Group Plant Landshut is a socially responsible, innovative and
attractive employer for the region of Landshut and Lower Bavaria.
www.bmw-werk-landshut.de

BMW Group
With its four brands BMW, MINI,
Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading
premium manufacturer of automobiles and motorcycles and also provides
premium financial and mobility services. The BMW Group production
network comprises 31 production and assembly facilities in 15
countries; the company has a global sales network in more than 140
countries.
In 2020, the BMW Group sold over 2.3 million passenger
vehicles and more than 169,000 motorcycles worldwide. The profit
before tax in the financial year 2020 was € 5.222 billion on revenues
amounting to € 98.990 billion. As of 31 December 2020, the BMW Group
had a workforce of 120,726 employees.
The success of the BMW
Group has always been based on long-term thinking and responsible
action. The company set its course for the future early on and is
making sustainability and resource efficiency the focus of the
company’s strategic direction – from the supply chain, through
production, to the end of the use phase, for all its products. 


www.bmwgroup.com
Facebook:
http://www.facebook.com/BMWGroup 
Twitter:
http://twitter.com/BMWGroup
YouTube:
http://www.youtube.com/BMWGroupView
Instagram:
https://www.instagram.com/bmwgroup
LinkedIn: https://www.linkedin.com/company/bmw-group/

Original Press Release