Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating at the intersection of clean energy and transportation [2] - The company develops, patents, designs, engineers, and manufactures advanced clean technology solutions that support transportation, provide secure electricity sources, and protect the environment [2] - Beam Global is headquartered in San Diego, CA, with additional facilities in Chicago, IL, and Serbia, and is listed on Nasdaq under the symbol BEEM [2] Strategic Expansion - Beam Global is expanding its sales network in Europe by adding three new business partners, enhancing its distribution capabilities [1] - The CEO of Beam Global, Desmond Wheatley, emphasized that these agreements will leverage existing relationships to increase audience reach without additional operating costs [1] - This expansion is part of Beam Global's strategic growth into Europe, targeting the world's largest automotive market and reinforcing its commitment to electrification and energy security [1] Market Context - The EU has set ambitious targets for electric vehicles, mandating that they account for 80% of new car sales by 2030 and 100% by 2035 [5] - The EU electric vehicle charging station market was valued at USD 10.8 billion in 2024 and is projected to grow at a CAGR of 29.3% from 2025 to 2034, driven by the rapid growth of electric vehicles in Europe [5]
Beam Global Expands European Sales Network with Three New Distribution Partners