The MacBook Air M1 is passively cooled. I used an M1 Air for a while (switched to M1 Pro) and it would only throttle slightly during very long builds. There have also been many tests where the MacBook Pro M1 (which does have a fan), the fan only spins up after minutes of loading all cores.
The MacBook Air M1 shows that it is possible to have a fast [1], passively cooled laptop.
[1] Beat my 3700X in most Rust/C/C++ project builds.