Beam Global (Europe) Announces Record Orders in the First Two Months of 2025

Rhea-AI Summary

Beam Global (BEEM) reported record sales performance in its European division for the first two months of 2025, achieving a 79% increase in new contracted orders compared to the same period in 2024. The growth is primarily driven by strong demand for street lighting and infrastructure products.

The company is actively expanding its European presence through aggressive sales strategies, with CEO Desmond Wheatley and the European sales team engaging with various stakeholders across the UK, France, Croatia, Serbia, Montenegro, North Macedonia, and Greece. The European market, with over 405 million cars, represents significant growth potential, particularly given the EU's 2035 ban on internal combustion vehicle sales and mandate to reduce greenhouse gas emissions by 55% by 2030.

While U.S. government EV adoption faces uncertainty under the new administration, EV sales showed positive trends, increasing by 30% in the U.S. and 34% in Europe in January 2025 compared to 2024.

Positive

• 79% increase in European contracted orders (Jan-Feb 2025 vs 2024)
• Record product sales in European division
• Strong demand for street lighting and infrastructure products
• Expansion into largest automobile market (405M cars)
• Favorable EU regulatory environment supporting growth

Negative

• Uncertainty around U.S. government EV adoption
• Heavy dependence on regulatory mandates for growth

SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced record sales for the first two months of 2025, in Europe. Beam Global has achieved a 79% increase in new contracted orders in its European division, compared to the same period in 2024, demonstrating that the European market represents a significant growth and diversification opportunity for the Company.

Since the beginning of the year, contracted product sales have increased to a new record, driven by strong demand for street lighting and other infrastructure products.

“Our expansion into Europe has created opportunities for sales growth, both in our renewably energized EV charging and energy security products, as well as in our smart cities and street lighting portfolios,” said Desmond Wheatley, CEO of Beam Global. “While the new administration has created uncertainty around U.S. government EV adoption, EV sales were actually up 30% in the U.S. in January compared to 2024, according to Cox Automotive, and 34% in Europe, according to EuroNews. We intend to focus heavily on growing sales through our European operations while continuing to support the growth of EV charging requirements in the U.S. Congratulations to our European team for setting this new January and February sales record.”

To foster growth and diversify revenue streams beyond the U.S, Beam Global is expanding its European presence through aggressive sales strategies. Most recently, Beam Global CEO, Desmond Wheatley, along with members of the European sales team, met with prospective customers, government officials, airport representatives, EV charging and e-bike sharing companies, and others in the UK, France, Croatia, Serbia, Montenegro, North Macedonia, and Greece.

Greater Europe represents the largest automobile market in the world, with over 405 million cars. A 2035 EU mandate bans the sale of internal combustion vehicles in less than ten years, while the EU also mandated a reduction in net greenhouse gas emissions of at least 55% by 2030. As a result, interest in Beam Global’s innovative and sustainable EV ARC™, BeamSpot™ BeamBike™ and BeamPatrol™ products are growing significantly in the region.

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, Instagram 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
Andy Lovsted
+1-858-335-8465
Press@BeamForAll.com

Investor Relations
Luke Higgins
+1-858-799-4583
IR@BeamForAll.com

FAQ

What is Beam Global's (BEEM) European sales growth in early 2025?

Beam Global reported a 79% increase in new contracted orders in Europe for January-February 2025 compared to the same period in 2024.

How much did EV sales grow in Europe and US in January 2025?

EV sales increased by 34% in Europe and 30% in the US compared to January 2024.

Which countries is Beam Global (BEEM) targeting for European expansion?

BEEM is targeting UK, France, Croatia, Serbia, Montenegro, North Macedonia, and Greece for expansion.

What are the key EU regulations driving Beam Global's growth potential?

EU mandated a ban on internal combustion vehicles by 2035 and requires 55% reduction in greenhouse gas emissions by 2030.

How large is the European automobile market for Beam Global (BEEM)?

The European automobile market consists of over 405 million cars, making it the largest automobile market globally.