In partnership with XING Mobility Inc., the Caterham Project V EV sports coupé prototype will be exhibited at IAA Mobility 2025 in Munich, featuring XING’s immersion cooled battery technology.
Featured inside Caterham’s first lightweight electric sports coupe, Project V will be displayed with the IMMERSIO™ Cell-to-Pack (CTP) battery system at the event, as one of the most distinctive and functionally advanced CTP systems in the high-performance EV space.
XING Mobility’s immersion-cooled battery technology, where the the cells are immersed in a dielectric liquid, delivers unmatched thermal stability, exceptional energy density and safety and performance, due to rapid and uniform heat dissipation and top-class energy density.
This is the latest public appearance for Caterham’s electric sports coupé concept, and the first since January 2025 at Tokyo Auto Salon, Japan.
Project V was unveiled globally by Caterham at the Goodwood Festival of Speed in July 2023, and later at the Tokyo Auto Salon in Japan in January 2024 and 2025.
In December 2024, Caterham and Xing Mobility announced the car would use the IMMERSIO™ Cell-to-Pack (CTP) immersion-cooled battery from the brand, who are a global leader in immersion-cooling battery technology founded in 2015.
Project V carries forward the key components of Caterham’s DNA – lightweight, simple and fun to drive along with partners TOKYO R&D Co., Ltd. and Yamaha Motor Co., Ltd.
About Caterham
Caterham (Caterham Cars Ltd) has produced lightweight, two-seater sports cars since 1973 when Graham Nearn acquired the tooling, designs and exclusive rights to the Seven from Lotus founder Colin Chapman.
In homage to Chapman, Caterham’s philosophy today continues to put the driving experience and fun at the heart of everything it does. It is committed to delivering a personalised experience for every customer and offers a wide range of options to help buyers create a car that perfectly suits their tastes and driving preferences, both for the road and the track.
The British manufacturer produces its unique cars exclusively from within the UK. Today, Caterham is headquartered in Dartford, Kent, where it has built cars in both assembled and kit-build form since 1987. As of 2023, Caterham is represented by over 30 official retailers across 15 key markets globally.
The current Caterham UK line-up consists of the Seven Academy Car, Seven 170, Super Seven 600, Super Seven 2000, Seven 360, Seven 420, Seven 420 Cup and Seven 620. The current European range consists of the Seven 170, Super Seven 600, Super Seven 2000, Seven 340, the now Seven 485 Final Edition and Seven 485 CSR Final Edition. Additional models are available for international markets.
The brand also operates a successful motorsport division consisting of five UK racing series aimed at all levels of driver experience. There are also multiple Caterham racing championships in France and Portugal. Since 1995, the Caterham Academy – the entry-level racing series – has seen more than 1,400 novice drivers become fully bonified racing drivers.
Caterham is owned by Japanese retail group VT Holdings, which has served as a Caterham importer since 2009. VT Holdings is one of Japan’s largest retailer groups.
About XING Mobility
Founded in 2015, XING Mobility is a global leader in immersion cooling battery technology, with a production facility in Taipei, Taiwan. Over nearly a decade, XING has perfected its immersion cooling system, enabling superior cooling efficiency, unmatched fire safety, and reliable performance in extreme climates. XING’s innovations are driving the global transition to electrification, proven across a wide range of applications, including passenger and commercial vehicles, agricultural and industrial machinery, energy storage systems, and the world’s first immersion-cooled ESS for wind farms. XING Mobility continuously drives the global transition to electrification with strategic partner alliances.