Beam Global Expands European Sales Network with Three New Distribution Partners
Beam Global (NASDAQ: BEEM) announced the expansion of its European sales network through three new distribution partnerships. The company has signed agreements with Seltis Glass Design S.R.L. for Romania, Evrosimovski Consulting for North Macedonia, and BBA International for Albania.
The expansion leverages existing relationships through Beam Europe operations, allowing the company to increase its market reach without additional operating costs. This strategic move aims to capitalize on the European automotive market, where EU targets mandate 80% electric vehicle sales by 2030 and 100% by 2035. The EU electric vehicle charging station market, valued at $10.8 billion in 2024, is projected to grow at a CAGR of 29.3% from 2025 to 2034.
Beam Global (NASDAQ: BEEM) ha annunciato l'espansione della sua rete di vendita in Europa tramite tre nuove partnership di distribuzione. L'azienda ha firmato accordi con Seltis Glass Design S.R.L. per la Romania, Evrosimovski Consulting per la Macedonia del Nord e BBA International per l'Albania.
L'espansione sfrutta le relazioni esistenti attraverso le operazioni di Beam Europe, consentendo all'azienda di aumentare la propria portata di mercato senza costi operativi aggiuntivi. Questa mossa strategica mira a capitalizzare il mercato automobilistico europeo, dove gli obiettivi dell'UE prevedono l'80% di vendite di veicoli elettrici entro il 2030 e il 100% entro il 2035. Il mercato delle stazioni di ricarica per veicoli elettrici dell'UE, valutato a 10,8 miliardi di dollari nel 2024, è previsto crescere a un CAGR del 29,3% dal 2025 al 2034.
Beam Global (NASDAQ: BEEM) anunció la expansión de su red de ventas en Europa a través de tres nuevas asociaciones de distribución. La compañía ha firmado acuerdos con Seltis Glass Design S.R.L. para Rumanía, Evrosimovski Consulting para Macedonia del Norte y BBA International para Albania.
La expansión aprovecha las relaciones existentes a través de las operaciones de Beam Europe, lo que permite a la empresa aumentar su alcance en el mercado sin costos operativos adicionales. Este movimiento estratégico tiene como objetivo capitalizar el mercado automotriz europeo, donde los objetivos de la UE exigen que el 80% de las ventas de vehículos sean eléctricos para 2030 y el 100% para 2035. Se espera que el mercado de estaciones de carga de vehículos eléctricos de la UE, valorado en 10.8 mil millones de dólares en 2024, crezca a una CAGR del 29.3% desde 2025 hasta 2034.
비임 글로벌 (NASDAQ: BEEM)은 세 개의 새로운 유통 파트너십을 통해 유럽 판매 네트워크를 확장한다고 발표했습니다. 이 회사는 Seltis Glass Design S.R.L.와 루마니아, Evrosimovski Consulting과 북마케도니아, BBA International과 알바니아를 위한 계약을 체결했습니다.
이 확장은 비임 유럽의 운영을 통한 기존 관계를 활용하여 회사가 추가 운영 비용 없이 시장 도달 범위를 늘릴 수 있도록 합니다. 이 전략적 움직임은 유럽 자동차 시장을 활용하는 것을 목표로 하며, 유럽 연합의 목표는 2030년까지 전기 자동차 판매를 80%로, 2035년까지 100%로 설정하고 있습니다. 2024년 108억 달러로 평가되는 유럽 연합의 전기 자동차 충전소 시장은 2025년부터 2034년까지 연평균 29.3% 성장할 것으로 예상됩니다.
Beam Global (NASDAQ: BEEM) a annoncé l'expansion de son réseau de vente en Europe grâce à trois nouveaux partenariats de distribution. L'entreprise a signé des accords avec Seltis Glass Design S.R.L. pour la Roumanie, Evrosimovski Consulting pour la Macédoine du Nord et BBA International pour l'Albanie.
Cette expansion s'appuie sur les relations existantes grâce aux opérations de Beam Europe, permettant à l'entreprise d'accroître sa portée sur le marché sans coûts d'exploitation supplémentaires. Ce mouvement stratégique vise à capitaliser sur le marché automobile européen, où les objectifs de l'UE prévoient 80% des ventes de véhicules électriques d'ici 2030 et 100% d'ici 2035. Le marché des stations de recharge de véhicules électriques de l'UE, évalué à 10,8 milliards de dollars en 2024, devrait croître à un taux de croissance annuel composé (TCAC) de 29,3% de 2025 à 2034.
Beam Global (NASDAQ: BEEM) hat die Erweiterung seines Verkaufsnetzes in Europa durch drei neue Vertriebspartnerschaften bekannt gegeben. Das Unternehmen hat Vereinbarungen mit Seltis Glass Design S.R.L. für Rumänien, Evrosimovski Consulting für Nordmazedonien und BBA International für Albanien unterzeichnet.
Die Expansion nutzt bestehende Beziehungen durch die Aktivitäten von Beam Europe, was es dem Unternehmen ermöglicht, seine Reichweite auf dem Markt ohne zusätzliche Betriebskosten zu erhöhen. Dieser strategische Schritt zielt darauf ab, den europäischen Automobilmarkt zu kapitalisieren, wo die Ziele der EU vorschreiben, dass bis 2030 80% der Fahrzeugverkäufe elektrisch sein müssen und bis 2035 100%. Der Markt für Ladestationen für Elektrofahrzeuge der EU, der im Jahr 2024 auf 10,8 Milliarden Dollar geschätzt wird, wird von 2025 bis 2034 voraussichtlich mit einer jährlichen Wachstumsrate (CAGR) von 29,3% wachsen.
- Expansion into three new European markets without increasing operating costs
- Strategic entry into EU's EV charging market valued at $10.8B with 29.3% CAGR projection
- Leveraging existing trusted relationships for market expansion
- None.
Insights
Beam Global's strategic expansion into Eastern European markets through local distributors reveals a sophisticated market entry strategy that merits careful analysis. The company's approach demonstrates three key strategic advantages:
Asset-Light Growth Model: By leveraging existing relationships and local expertise through distribution partnerships, Beam Global is executing a capital-efficient expansion strategy. This approach allows for market penetration without the substantial overhead costs typically associated with direct market entry, potentially improving near-term profitability metrics.
Market Timing & Positioning: The expansion aligns perfectly with the EU's aggressive EV mandate requiring
- EU funding allocation for charging infrastructure
- Lower current EV penetration rates indicating higher growth potential
- Rising consumer demand driven by EU mandates and incentives
Strategic Market Selection: The choice of Romania, North Macedonia and Albania represents a calculated approach to market entry:
- Romania offers EU market access and significant EU funding for infrastructure development
- North Macedonia and Albania, as EU candidate countries, are implementing EV-friendly policies to align with EU standards
- These markets have less entrenched competition compared to Western European countries
The projected
SAN DIEGO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced today that it is expanding its sales network in Europe with the addition of three new business partners:
- Seltis Glass Design S.R.L. for the Romanian market
- Evrosimovski Consulting Ltd. for the North Macedonian market
- BBA International for the Albanian market
“These distributor agreements with quality companies are an excellent continuation of our efforts to expand our selling resources across Europe,” said Desmond Wheatley, CEO of Beam Global. “We have existing trusted relationships with each of these companies through our Beam Europe operation, and now we are able to leverage their success and contacts to significantly increase our audience without adding to our operating costs. I’m looking forward to supporting the new customers they bring to Beam Global.”
This expansion marks a significant step into Beam Global's strategic growth into Europe, tapping further into the world's largest automotive market. Through the integration of outsourced distributors and agents, Beam Global intensifies its commitment to advancing the electrification of transportation and enhancing energy security with sustainable infrastructure solutions in Europe.
Market Overview (EUROPE)
- The EU has set ambitious targets, mandating that electric vehicles account for
80% of new car sales in 2030 and100% by 2035. - The EU electric vehicle charging station market was valued at USD 10.8 billion in 2024, and is estimated to grow at a CAGR of
29.3% from 2025 to 2034, to support the rapid growth of electric vehicles in Europe.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Chicago, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Media Contact
Skyya PR
+1 651-335-0585
Press@BeamForAll.com
Investor Relations
Luke Higgins
+1-858-799-4583
IR@BeamForAll.com
FAQ
What new markets did Beam Global (BEEM) expand into in January 2025?
What is the projected CAGR for the EU electric vehicle charging station market from 2025 to 2034?
What is the current value of the EU electric vehicle charging station market as of 2024?
What are the EU's electric vehicle sales targets for 2030 and 2035?
How is BEEM expanding in Europe without increasing operating costs?
