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TotalEnergies and XING Mobility Join Forces to Scale Advanced Immersion Cooling Battery Technologies Across Electrification Markets

1. TotalEnergies and XING Mobility signed an MOU for battery cooling systems. 2. Partnership focuses on electrified marine applications and energy storage solutions. 3. Combines TotalEnergies' fluids with XING's battery technology for sustainable electrification. 4. Collaboration aims to promote advanced cooling technology in various markets. 5. Both companies strive for cleaner energy transitions across industries.

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Why Bullish?

The partnership enhances TTE's position in the growing electrification market, historically leading to increased investor interest and stock prices.

How important is it?

The strategic partnership represents a significant move towards innovation in TTE's technology portfolio, impacting its market competitiveness significantly.

Why Long Term?

Development in sustainable technologies often leads to sustained growth, as seen with Tesla's impact after partnerships in battery tech.

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XINGTSLANVDAPGE
TAIPEI, Taiwan and PARIS, Aug. 29, 2025 (GLOBE NEWSWIRE) -- TotalEnergies Lubrifiants and XING Mobility, a global pioneer in immersion cooling battery technologies, announced the signing of a Memorandum of Understanding (MOU) to jointly promote cutting-edge immersion cooling battery systems. The collaboration will begin with the optimization and promotion of electrified marine applications, followed by the expansion into energy storage solutions, mobility, and backup power for AI data centers. Jean Parizot, Vice President Automotive at TotalEnergies Lubrifiants, and Royce Hong, Founder and CEO of XING Mobility, at the MOU signing ceremony. This strategic partnership brings together TotalEnergies’ expertise in advanced fluids and global energy solutions with XING Mobility’s innovative immersion cooling battery system, originally developed for high performance electric sports cars and now commercialized for broader electric mobility and energy storage system markets. By combining TotalEnergies’ high-performance dielectric fluids with XING Mobility’s advanced immersion cooling battery architecture, the partnership aims to accelerate the adoption of next-generation battery cooling technologies in European-certified marine solutions as well as high-safety, high-power energy storage systems. The collaboration will further extend to critical applications such as sportscar, electrified underground mining machinery and aviation. Together, the two companies are driving the global transition toward cleaner, safer, and more sustainable electrification across diverse industries. Jean Parizot, Vice President Automotive at TotalEnergies Lubrifiants, said: “This collaboration sets the stage for joint market development efforts, leveraging TotalEnergies’ international network and XING Mobility’s technical leadership to expand the global reach of direct immersion cooling technology. This partnership underscores both companies’ mission to drive innovation and support a cleaner, electrified future.” Royce Hong, Founder and CEO of XING Mobility said: “We’re delighted to partner with TotalEnergies to promote immersion cooling battery technology. By combining our strengths, we’re delivering next-generation solutions for diverse electrification markets and advancing the shift toward a more sustainable energy future.” About TotalEnergiesTotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. About TotalEnergies Lubrifiants TotalEnergies is a leading global manufacturer and marketer of lubricants, with 42 production sites around the world and more than 5,800 employees in 160 countries. TotalEnergies' Lubricants division offers innovative, high-performance, and environmentally friendly products and services, developed by its R&D centers, which employ over 130 researchers. TotalEnergies' lubricants division is a key partner for players in the automotive, industrial, and marine markets. ​ https://lubricants.totalenergies.com/ About XING Mobility:Founded in 2015, XING Mobility is a global leader in immersion cooling battery technology, with a production facility in Taiwan. Over a decade, XING has perfected its immersion cooling system, enabling superior thermal 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 supercar, 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. TotalEnergies Lubricants Contact : Thomas.biasio@totalenergies.com XING Mobility Contact : press@xingmobility.com Cautionary NoteThe terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1bbd8e21-3a7f-4ce8-83cb-35c77baf8aed

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