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This morning, Polestar shared details of its upcoming 2024 model year Polestar 2 sedan that features upgrades well beyond the cosmetic. In addition to a revamped front end to match its 3 SUV sibling, the 2024 Polestar 2 will arrive with upgrades to its battery and motors, delivering more power and acceleration. Additionally, the newest Polestar 2 will be the brand’s first model to offer a rear-wheel drive configuration, contributing to the EV’s best range to date.

Polestar ($PSNY) is a relatively young EV automaker that just capped off a successful 2022 by surpassing its delivery target of 50,000 EVs. These sales were led by its first all-electric model, the Polestar 2 “fastback.”

The Polestar 2 debuted in three years ago as a 2021 model and has continued to grow in popularity since. It is currently sold in 27 different markets and surpassed 100,000 total units sold in late 2022. We’ve tested multiple variations ourselves including the Long Range Single Motor (FWD) version as well as the 2023 Dual Motor. Most recently, we took the performance BST Edition 270 out around San Francisco and had a blast.

While the Polestar has delivered the 2 in a variety of powertrains and continued to upgrade its technology over-the-air and through additional model years, the automaker has yet to deliver a rear-wheel drive version of any of its EVs.

With today’s announcement, a RWD Polestar 2 will soon be available as a 2024 model and features some of the same design features as the brand new Polestar 3 scheduled to arrive this year as well. Check out the first official images of the 2024 Polestar 2. Notice the new front end?

2024 Polestar 2 sees RWD, 30 miles of additional range

Polestar shared details of its 2024 model year 2 earlier today, showcasing some of the upgrades the all-electric fastback will be packing both inside and out. Unlike many EV refreshes we see each year (a’hem, Nissan LEAF) the latest Polestar 2 received some significant additions, beginning with its front grill.

2024 will bring a new front end to the Polestar 2 that “sees” instead of “breathes.” This design is called “SmartZone” and recently debuted as a feature on the upcoming Polestar 3, representing new design language for the EV brand going forward. SmartZone consists of several forward-facing sensors, a front-facing radar, heating wires, accelerometers, and ultrasonic sensors that combine to operate as a “smart eye” with ready-to-react safety technology.

Moving inward, this model year refresh offers a helluva lot more than sensors on its front end. Polestar CEO Thomas Ingenlath elaborated:

Typically in the car industry, a facelift introduces superficial visual changes that often destroy the original intention of the car’s design theme. With the new model year Polestar 2, we rather went below the surface and upgraded substantial tech and mechanical components of the electric drivetrain. This is the best Polestar 2 yet, and with the updated front design with the new SmartZone, the best looking one, too.

As Ingelath says, the three latest Polestar 2 variants will each see performance upgrades thanks to new batteries and updated powertrains, foregoing the previous FWD configuration in favor of power from the rear wheels.

As you’ll see in the table below, Polestar’s new motor will offer an increase of power output from 231 hp to 299 hp. With the new RWD configuration, the 2024 Polestar 2’s 0-60 mph acceleration has shaved off 1.1 seconds, down to 5.9 seconds.

The two Dual Motor versions of the Polestar 2 are now rear wheel biased (primary drive source), delivering a completely re-balanced setup and torque-ratio. The result is overall efficiency and higher performance, particularly in terms of horsepower, torque, and overall acceleration.

Future Polestar 2 drivers will soon be able to disengage the front motor entirely when not needed, adding range and efficiency to their drive. By utilizing this new feature, the Dual Motor Polestar 2 can now achieve the same range (up to 270 miles) as the 2023 Single Motor variant.

Lastly, the new RWD Single Motor Polestar 2 gets a slightly larger battery pack, allowing for up to 300 miles of all-electric range (compared to 270 in 2023 FWD version). Check out the full spec comparison below.

Polestar 2 Variant Powertrain Battery
Capacity
Expected EPA Range (Preliminary) Power Torque Acceleration
(0-60 mph)
Max Charging
Speed (DCFC)
Long Range Dual Motor (w/Performance Pack) AWD 78 kWh Up to 270 miles 455 hp (335 kW) 546 lb-ft (740 Nm) 4.1 seconds 155 kW
Long Range Dual Motor AWD 78 kWh Up to 270 miles 421 hp (310 kW) 546 lb-ft (740 Nm) 4.3 seconds 155 kW
Long Range Single Motor RWD 82 kWh Up to 300 miles 299 hp (220 kW) 361 lb-ft (490 Nm) 5.9 seconds 205 kW

Other new features include upgraded 20-inch forged alloy wheels in the Performance Pack that align with the Polestar 3 design, plus Driver Awareness features are now standard. For example, in North America, the Pilot Pack will also now come standard on both Dual Motor versions of the 2024 Polestar 2.

Additionally, any Performance Pack upgrades now automatically include the the Plus Pack as well. That entails a Harman Kardon premium sound system and panoramic glass roof in addition to the Brembo brakes, 20-inch forged alloy wheels, Öhlins Dual Flow Valve dampers, software upgrade, and signature gold seat belts in the Performance Pack.

The 2024 Polestar 2 is available for order now and deliveries to customers are expected to begin later this year.

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Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal

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Exxon Mobil reaches agreement with FTC, poised to close  billion Pioneer deal

A view of the Exxon Mobil refinery in Baytown, Texas.

Jessica Rinaldi | Reuters

The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC.

The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The agreement will bar Pioneer’s former CEO Scott Sheffield from joining the Exxon board.

The push to remove Sheffield was due to concerns about his prior discussions with OPEC, according to the source.

Exxon and the FTC both declined to comment. The agreement was first reported by Bloomberg News.

Exxon first announced the deal for Pioneer in October, in an all-stock transaction valued at $59.5 billion. Exxon said the acquisition would more than double its production in the Permian Basin.

“Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge. The combined capabilities of our two companies will provide long-term value creation well in excess of what either company is capable of doing on a standalone basis,” Exxon chairman and CEO Darren Woods said in a press release at the time.

Shares of Exxon and Pioneer were both little changed in extended trading Wednesday.

— CNBC’s Pippa Stevens and Mary Catherine Wellons contributed reporting.

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The US just proposed 18 GW of new offshore wind sales

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The US just proposed 18 GW of new offshore wind sales

The US announced two proposals for offshore wind sales that could generate more than 18 gigawatts (GW) of clean energy – enough to power more than 6 million homes.

New US offshore wind auction areas

The offshore wind auction areas announced by the US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) are off the Oregon coast and in the Gulf of Maine. It’s the first in a five-year lease schedule that could see up to 12 separate offshore wind auctions.

The US has already held four offshore wind lease auctions in the New York–New Jersey region, off the Carolinas, and off the Pacific and Gulf of Mexico coasts.

Gulf of Maine

The first-ever offshore wind energy auction in the Gulf of Maine would include eight lease areas off the Maine, Massachusetts, and New Hampshire coasts. The nearly 1 million acres have the potential to generate approximately 15 GW of renewable energy and power more than 5 million homes.

This auction is exciting because BOEM wants to conduct simultaneous auctions for each of the eight lease areas using multiple-factor bidding.

In July 2023, Governor Janet Mills (D-ME) signed legislation to procure up to 3 GW of offshore wind energy in the Gulf of Maine by 2040. Offshore wind is banned in Maine state waters to protect the commercial lobster harvesting industry.

Oregon

The proposed lease sale in Oregon includes two lease areas totaling 194,995 acres – one in the Coos Bay Wind Energy Area and the other in the Brookings Wind Energy Area – which have the potential to power more than 1 million homes with renewable energy. The areas were finalized by BOEM in February.

The Coos Bay WEA is 61,204 acres and located approximately 32 miles from shore. The Brookings WEA is 133,808 acres and approximately 18 miles off the coast.

The state of Oregon has set a goal of achieving 3 GW of offshore wind by 2030.

Due to deep waters, any offshore wind farms in the Gulf of Maine and offshore Oregon will consist of floating wind turbines. 

Read more: California exceeds 100% of energy demand with renewables over a record 30 days


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Tesla’s next-gen Dojo AI training tile is in production

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Tesla's next-gen Dojo AI training tile is in production

Tesla’s next-gen Dojo AI training tile is in production, according to supplier Taiwan Semiconductor Manufacturing Company Limited (TSMC).

Tesla has been heavily investing in AI training compute power both through buying NVIDIA hardware and building its own under its Dojo program.

The first generation of its Dojo super computing platform went into operation last summer.

Shortly after, it was reported that Tesla had expanded its partnership with TSMC, a large semiconductor company that manufactures the Dojo chip for the automaker.

Now, TSMC has confirmed that Tesla’s next-generation Dojo chip has entered production and they are working on tech that could deliver much greater power to Dojo in 2027 (via IEEE Spectrum):

At TSMC’s North American Technology Symposium on Wednesday, the company detailed both its semiconductor technology and chip-packaging technology road maps. While the former is key to keeping the traditional part of Moore’s Law going, the latter could accelerate a trend toward processors made from more and more silicon, leading quickly to systems the size of a full silicon wafer. Such a system, Tesla’s next generation Dojo training tile is already in production, TSMC says. And in 2027 the foundry plans to offer technology for more complex wafer-scale systems than Tesla’s that could deliver 40 times as much computing power as today’s systems.

This new tile is likely going to be used for Tesla’s new planned $500 million Dojo cluster in New York.

Sperately, Tesla is building a new 100 MW data center to train its self-driving AI at Gigafactory Texas, but we were told that this system is going to use NVIDIA hardware.

Tesla’s Dojo program hasn’t been all smooth sailing. In December, we reported that two of the top executive engineers behind the program left the company.

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