The battery portion of the company is too small (both revenue & profits) at the company’s consolidated scale.
In prev conf calls, mgmt was fully intent on selling it off or even let the division’s employees buy it out (my memory is slightly hazy here). Battery division divestment probably got pushed down as mgmt was concentrating on overseas divestment (which has dropped off now).
For now it looks like just consolidation of divisions doing similar work.
I haven’t seen anything in last 6 years of following the company that says the battery division has any great IP/product with potentially competitive scale that can make a difference to company’s fortunes.
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