"GM is taking its in-house battery capability to the next level, supporting internal & 3rd party supply at scale," he wrote. Jonas also supports a spinning off of the operations, citing "the autonomy between the two units can liberate each other of various impediments to efficient capital allocation and talent development."
Gordon Haskett Research Advisors' Don Bilson questioned the validity of such speculation in an investor note Tuesday.
There was similar industry speculation of a spinoff in recent years regarding Cruise, GM's majority-owned autonomous vehicle subsidiary. The company has said it believes keeping the operations under one umbrella is the best way to fully unlock their value.
Let the street shove a lithium polymer battery up their collective asses.
Wasn't it Deutsche Bank that advised 'buy' for Nikola?
Spin off EV and make ventilators!
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