Core Insights - BMW Group has set a new emission reduction target to cut at least 60 million tons of CO2 equivalent by 2035 compared to 2019, increasing the previous 2030 target by approximately 20 million tons [1] - The company aims for net-zero emissions by 2050, aligning with the Paris Agreement, and has established a clear roadmap for reducing lifecycle CO2 emissions by at least 40 million tons by 2030 [1] - Key initiatives include increasing the use of renewable energy in production and supply chains, enhancing the utilization of recycled materials, and optimizing energy efficiency during vehicle usage [1] Emission Reduction Strategy - BMW's carbon reduction actions span the entire lifecycle of vehicles, from raw material supply to production, usage, and recycling [3] - The company focuses on expanding the use of recycled materials and renewable energy in its supply chain, particularly targeting high-carbon materials like battery components, aluminum, and steel [3] - Since 2020, all BMW factories globally have sourced 100% of their electricity from renewable sources [3] Sustainable Practices in China - BMW's Shenyang production base serves as a benchmark for sustainable development, utilizing 100% renewable energy since 2019 and continuously exploring energy innovations [4] - The Shenyang facility will generate 91.86 GWh of solar power in 2024, equivalent to the annual electricity consumption of about 30,000 households [4] - A geothermal heating project at the Shenyang plant utilizes renewable geothermal energy, reducing carbon emissions by approximately 18,000 tons annually [4] Supply Chain Collaboration - BMW is actively engaging local suppliers in China to transition towards sustainability, with around 200 core suppliers committing to using green electricity for BMW component production [4] - The company aims to reduce the total supply chain carbon emissions by about 1 million tons by 2024 compared to 2019 [4] - BMW has achieved 100% recycling of retired battery materials in China, with over 2,100 tons of recycled battery materials recovered by 2024 [4] Next-Generation Products - The upcoming "New Generation" models in China will feature the sixth-generation BMW eDrive technology, designed for lower energy consumption and enhanced electric driving pleasure [5] Green Charging Solutions - BMW is collaborating with partners like State Grid to promote renewable energy in public charging networks, with its joint venture charging brand "Yianqi" already using 100% green electricity for charging services [6] Commitment to Sustainability - BMW's clear emission reduction blueprint for 2035 relies on innovative technologies and concrete actions in every market, particularly in China [7] - The company aims to transform its sustainability strategy into tangible industry actions and appealing products, fostering a responsible lifestyle for consumers [7]