TotalEnergies & XING Mobility Partner to Unlock High-Growth Battery Cooling Market

TotalEnergies and XING Mobility have partnered to promote cutting-edge immersion cooling battery systems, aiming to expand into energy storage solutions, mobility, and backup power for AI data centers. The collaboration will accelerate the integration of high-safety, high-power energy storage systems and next-generation battery cooling technologies in marine and other industries. The immersion cooling market is expected to reach $1.5-$2.5 billion by 2025, with leading companies like Mahle, Tesla, and AVL playing key roles. TotalEnergies shares have risen 5.5% in the past month, compared to the industry's 6.1% growth.

TotalEnergies and XING Mobility have formed a strategic partnership to advance immersion cooling battery technology, targeting the growing energy storage, mobility, and backup power sectors for AI data centers. The collaboration aims to integrate high-safety, high-power energy storage systems and next-generation battery cooling technologies in marine and other industries.

The immersion cooling market is projected to reach $1.5-$2.5 billion by 2025, driven by the increasing adoption of electric vehicles (EVs) and the decarbonization of transportation and energy storage systems [1]. Key players in this market include Mahle, Tesla, and AVL, which are vying for dominance. TotalEnergies' shares have risen 5.5% in the past month, outperforming the industry's 6.1% growth.

XING Mobility's direct immersion system eliminates traditional cooling, while TotalEnergies' fluids enable scalability, targeting marine, energy storage, and mobility sectors. The partnership's initial focus on marine electrification positions it to capture a niche market before expanding into energy storage and mobility [2]. The financials of both companies underscore the partnership's potential. TotalEnergies reported $44.68 billion in Q2 2025 revenue, leveraging its energy transition initiatives to diversify beyond fossil fuels [3]. XING Mobility, despite a Q2 2025 net loss of $0.07 billion, delivered a 241.58% year-over-year surge in vehicle deliveries, demonstrating its capacity to scale production [4].

However, the path to dominance is not without obstacles. TotalEnergies faces ESG-related risks, including legal scrutiny over greenwashing claims and ongoing fossil fuel projects [5]. XING Mobility's profitability remains unproven, with its EV market segment highly competitive. Additionally, the immersion cooling market is moderately concentrated, with key players already vying for dominance [6].

For investors, the TotalEnergies-XING Mobility partnership represents a high-conviction bet on the electrification megatrend. The projected $2.2 billion immersion cooling market by 2030 offers substantial upside, particularly as the technology expands into AI data centers and underground mining machinery [7]. However, success hinges on overcoming production scalability challenges and navigating regulatory landscapes. The partnership's ability to integrate immersion cooling into emerging applications will be critical to unlocking long-term value [8].

In conclusion, the collaboration between TotalEnergies and XING Mobility is a testament to the power of strategic alignment in addressing the thermal management bottleneck of the electrification era. While risks persist, the market's growth trajectory and the partners' complementary strengths make this venture a compelling investment opportunity for those willing to navigate the complexities of industrial innovation.

References:

[1] TotalEnergies and XING Mobility join forces to scale advanced immersion cooling battery technologies across electrification markets, [https://lubricants.totalenergies.com/news-press-releases/totalenergies-and-xing-mobility-join-forces-scale-advanced-immersion-cooling]

[2] Immersion Cooling Market Insights and Strategy Outlook 2025–2030, [https://www.globenewswire.com/news-release/2025/07/18/3117749/28124/en/Immersion-Cooling-Market-Insights-and-Strategy-Outlook-2025-2030-Rising-Demand-for-Energy-Efficient-Data-Centers-Spurs-High-Growth-in-Immersion-Cooling.html]

[3] Earnings call transcript: TotalEnergies Q2 2025 misses ... [https://www.investing.com/news/transcripts/earnings-call-transcript-totalenergies-q2-2025-misses-eps-revenue-beats-93CH-4205260]

[4] XPeng's Q2 2025 Earnings and Delivery Surge, [https://www.ainvest.com/news/xpeng-q2-2025-earnings-delivery-surge-assessing-sustainable-growth-intensifying-ev-market-competition-valuation-potential-2508/]

[5] Totalenergies -- Investment risk analysis, [https://finance.yahoo.com/news/totalenergies-investment-risk-analysis-092714960.html]

[6] Immersion Battery Cooling Systems Market Report: Trends ..., [https://www.marketreportanalytics.com/reports/immersion-battery-cooling-systems-135952]

[7] The Strategic Synergy of TotalEnergies and XING Mobility ..., [https://www.ainvest.com/news/strategic-synergy-totalenergies-xing-mobility-revolutionizing-immersion-cooling-battery-tech-2508/]

[8] Xing Mobility brings new immersion-cooled battery to the IAA, [https://www.electrive.com/2025/08/26/xing-mobility-brings-new-immersion-cooled-battery-to-the-iaa/]