Benzinga | Aug 26, 2021 08:04AM EDT

Beam Global Reports Issuance Of Chinese Patent For Compact Transportation-Configurable EV ARC System

Beam Global, (NASDAQ:BEEM, BEEMW))), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced today the issuance of another patent by the Chinese Patent Office that covers the Company's compact transportation-configurable EV ARC(tm) products.

The Chinese Patent Certificate for Patent No. ZL201680066408.6 is for the Company's EV ARC(tm) product development, enabling configuration in a compact condition for shipping in a 20-foot shipping container (TEU) or on a flatbed, rail car, or the Company's ARC Mobility(tm) proprietary transportation system.

"We already have various patents covering our rapidly deployed EV ARC systems in the US, China and the EU," said Desmond Wheatley, Beam Global's CEO. "Our ability to transform EV ARC into a compact shippable form-factor that can be easily shipped anywhere in the world in a container, is a significant differentiating advantage for us. I'm not aware of any other company that can deliver a rapidly deployed EV charging infrastructure product that requires no site work at its destination and no connection to the grid. Protecting this and all our other valuable IP in China and Europe is important particularly as we continue to consider international expansion opportunities."

Total 2020 EV sales in China were 1.3 million, an increase of 8% compared to 2019, and 41% of all EVs sold worldwide. Though Europe sold more than China for the first time since 2015, China is still the world's biggest national market for EVs.