Bayerische Motoren Werke AG (BMW) is a leading global car manufacturer. Its Automotive segment develops, manufactures, assembles and sells luxury automobiles, under the brands BMW, MINI and Rolls-Royce, as well as spare parts, accessories, and shared mobility services. The Motorcycles segment develops, manufactures, assembles and sells motorcycles as well as spare parts and accessories. The Financial Services segment provides automobile leasing, and insurance activities, amongst others. The Other Entities segment includes holding and group financing activities. BMW has more than 120,000 employees, production facilities in 15 countries and a global sales network in more than 140 countries. The company was founded in 1916 as a manufacturer of aircraft engines.
Aligning with the 1.5 degree target set out in the Paris Climate Agreement, BMW is actively reducing the environmental footprint of its cars during the whole value chain, including supply, production, and use. The company targets 40% lower CO2 emissions per vehicle over the entire value chain by 2030 versus 2019. To meet this target BMW invests in CO2-neutral production and sourcing CO2-free steel. Furthermore, the company uses 30% recycled materials in its vehicles.
BMW was an early adapter of electric vehicles, launching the fully electric BMW i3 in 2013. It has further increased its efforts on electrification of its vehicles and will have 12 fully electric and 13 hybrid models by 2025 and it expects to earn 50% of its revenues from fully electric vehicles by 2030. BMW is the first manufacturer to make its electric vehicles without using rare earth materials.