Beam Global Relocates Manufacturing to Yuma, Arizona
Beam Global will relocate its California manufacturing and production operations to Yuma, Arizona. The company intends to maintain its corporate headquarters in San Diego, California. Beam Global's manufacturing and office facilities in Chicago IL, Belgrade and Kraljevo, Serbia and Abu Dhabi in the Middle East, will continue to operate without change. The new Yuma campus consists of two adjacent industrial buildings, totaling approximately 55,000 square feet of office and manufacturing space. Beam Global will occupy the first building on July 15, 2026, and the second on January 1, 2027, under lease terms extending through July 31, 2031. The company has the right to purchase the property at a favorable fixed price throughout the term of the lease. Production will continue without interruption during the transition. The relocation is expected to improve Beam Global's gross margins by lowering its cost of production. The company anticipates rent savings of approximately $400K in 2026 and $2.7M over the five-year lease term vs. current rent in San Diego, California. Beam Global also expects to benefit from Arizona's more affordable overall cost environment. Management anticipates reduced shipping costs to further enhance the economic benefits of the move. The new facility will enable the company to become more vertically integrated with the potential to insource several procedures which are currently outsourced in California due to the permitting and compliance environment in that state.
