Project V Redefines Electric Sports Car Future with XING Mobility's Cutting-edge IMMERSIO™ CTP Battery Technology

The Tokyo Auto Salon 2025, one of the world's largest and most influential automotive exhibitions, opened today at the Makuhari Messe in Chiba City, Japan. This premier event brings together leading brands in the automotive industry, serving as a global stage for the latest trends and innovations. This year, British legendary sports car manufacturer Caterham has joined forces with Taiwan's battery technology pioneer, XING Mobility, to demonstrate the all-electric lightweight concept sports car, Project V. Equipped with XING Mobility's cutting-edge IMMERSIO™ CTP (cell-to-pack) battery system, this collaboration marks a significant milestone in Caterham's electrification journey.

IMMERSIO™ CTP battery system: Elevating Performance and Safety in Project V

Renowned for its lightweight design and exceptional driving experience, Caterham takes its legacy to a new level with the new Project V. One of the key innovations in this electric concept car is its advanced battery system, powered by XING Mobility's IMMERSIO™ CTP (cell-to-pack) technology. Tailored to meet the compact design requirements of sports cars, this system delivers the following key advantages:

Lightweight Design: Through the elimination of traditional module structures, the CTP architecture significantly reduces weight while increasing energy density.

High Performance: Stable thermal management ensures optimal performance during high-speed and extreme driving conditions.

Flexibility: The flexible design of CTP battery pack enables optimized weight distribution, enhancing vehicle dynamics and handling performance.

Space Efficiency: Compact design perfectly suits Project V's streamlined chassis.

Safety: The immersion-cooling technology provides enhanced thermal runaway protection, meeting the most stringent safety requirements for high-performance sports car applications.

'As a longtime Caterham 7 owner and enthusiast, it is an incredible honor for us to collaborate with Caterham on this pivotal step in their electrification journey,' said Royce Hong, Founder and CEO of XING Mobility. 'Caterham's philosophy of simplicity and lightweight design perfectly aligns with our vision for innovation, simplicity, and efficiency. We are confident this partnership will open a new chapter for the electric driving experience.'

'We are so confident that XING Mobility's immersion-cooled battery technology will be becoming one of the key technologies for battery cooling in the automobile industry in the near future. I am looking forward to further collaboration between XING Mobility and Caterham. It is really exciting.' said Takuya Yamazaki, CEO of Caterham Evo

Project V: A Vision for Caterham's Electrified Future

Since its debut at the UK's Goodwood Festival of Speed in 2023, Project V has garnered global attention from automotive enthusiasts with its innovative design and performance capabilities. Its presence at the 2025 Tokyo Auto Salon represents another crucial milestone in Caterham's electric transition journey. The partnership between Caterham and XING Mobility not only demonstrates their shared commitment to innovation and sustainability but also highlights the boundless potential of electric sports cars.

Caterham welcomes visitors to explore Project V up close at booth No. 703 in East Hall 7, where they can experience the pioneering design features powered by XING Mobility's advanced battery technologies. This groundbreaking electric sports car, equipped with XING Mobility's innovative IMMERSIO™ technology, demonstrates the future of high-performance electric vehicles.

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.

More at: https://www.xingmobility.com/

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. As of June 2024, Caterham moved to a brand new multi-million pound facility in Dartford, Kent.

Prior to that, it was situated in a factory, also in Dartford, where it built cars in both assembled and kit-build form since 1987.

As of 2024, Caterham is represented by over 30 official retailers across 15 key markets globally.

The current Caterham 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 Iberia. Since 1995, the Caterham Academy – the entry-level racing series – has seen more than 1,300 novice drivers become fully bonafide 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.

More at: https://caterhamcars.com/

by Caterham

Caterham unveils Project V, an all-electric coupé concept car

Caterham has revealed Project V, a lightweight fully-electric coupé concept vehicle that has the potential to arrive in late 2025 or early 2026.

Designed as an electric vehicle from the start, Project V is the creation of new Chief Designer, Anthony Jannarelly. His vision has been brought to life by world-renowned Italian engineering firm, Italdesign.

Project V uses a battery electric powertrain, powered by a 200kW (272PS) single motor mounted in the rear axle. This is paired with a 55kWh USOC lithium-ion battery pack with advanced thermal management, and the ability to recharge from 20-80% in as little as 15 minutes using a 150kW DC rapid charger.

With acceleration of 0-62mph (100kph) in less than 4.5 seconds, Project V will reach an estimated top speed of 143mph (230kph) and deliver a target WLTP range of 249 miles (400km).

The minimalist design philosophy means Project V, just like the Seven, is lightweight and simple. Caterham has targeted a kerb weight of 1,190kg (2+1 configuration) which will be achieved by using an innovative carbon fibre and aluminium composite chassis.

Bob Laishley, CEO of Caterham Cars Ltd and COO of the newly established Caterham EVo, said: 'Project V is not just a concept or design study, we've conducted engineering and production feasibility throughout the development process. An electric Caterham of any shape and size has to stay true to what sets us apart from everyone else: being lightweight, simple and offering an unparalleled driving experience; that's our DNA.'

He added: 'Project V fulfils our ambition to sustainably grow the company and explore electrification simultaneously. Subject to the next phases of development and technical capability, Project V could be brought to market towards the end of 2025 or early 2026 with a target price starting from less than £80,000.'

Anthony Jannarelly, Chief Designer for Project V, added: 'A Caterham Seven's design is simple and minimalist, it's designed for its intended function, to be lightweight and fun to drive. With Project V, we're applying this philosophy to the sports coupé architecture to create a seducing and timeless silhouette. Every single feature has to justify itself from a weight perspective to maintain lightness and optimise driver engagement.'

The Project V show car uses a 2+1 seating layout – 2+2 as optional – which optimises ingress and egress, provides more comfort for the rear seat passenger and offers greater flexibility in how a prospective owner may use the car. At the centre of the interior is a simple, driver-focussed infotainment system featuring smartphone mirroring, and a digital instrument cluster is used to display key information. Drivers can choose between Normal, Sport and Sprint driving modes that intelligently adjust the acceleration and steering for different environments.

The concept features double wishbone front and rear suspension with fully adjustable geometry, electrically assisted power steering, Michelin Pilot Sport 4S tyres (19' front and 20' rear), and brake discs all-round with high-performance calipers.

Andrea Porta, Business Development Manager at Italdesign, said: 'We're delighted to have partnered with Caterham and Anthony Jannarelly to bring Project V to life. At every step, we have applied our experience in producing commercially viable concept and prototype vehicles, to ensure that any future production version can be brought to market at pace.'

Laishley continued: 'Project V isn't instead of Seven, it's complimentary to it, and we believe that by retaining the core Caterham values, it will appeal to both our existing customer base and attract new fans to the brand. By using a more practical coupé body style and by exploiting the packaging benefits of an EV, this is a car that works as well for trips to the shops, or the school run, as it does for Sunday morning sprints.'

Kazuho Takahashi, President and CEO of VT Holdings, said: 'We are honoured to be able to unveil two new vehicles from Caterham at Goodwood Festival of Speed. The new models are a result of an uncompromising fusion of two seemingly contradictory requirements: retaining the Caterham values that must never change, while evolving to meet the changing demands of customers, such as the shift towards electric. We express our deepest gratitude to all those involved in this project and to everyone who has supported Caterham over the past 50 years.'

The Project V show car will make its public debut tomorrow (Thursday) on the Caterham stand at Goodwood Festival of Speed.

To support the aspirations of this venture, Caterham EVo has been established to handle all relevant business and investment interests related to Project V.

For more information visit caterham.com/projectv

by Caterham