Investor Presentaiton

R&D EXPENDITURE ABOVE PREVIOUS YEAR. R&D ratio (HGB) 4.8% 4.5% BMW Group 4.2% 1,554 R&D 1,391 1,287 expenditure (HGB) in m€ Q1 2021 Q1 2022 Q1 2023 Target from 2023: 4-5% BMW Group Quarterly Statement to 31 March 2023 9009 -8-

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