Well, assembly can mean that a pick and place machine is assembling individual capacitors onto a raw circuit board, or it can mean a teenager putting the battery in and putting the battery cover on before packaging it. That’s why “look it up in a dictionary” comments aren’t helpful. We aren’t confused about the word, we are confused what it means in this use because it can have a VERY broad definition.

Pick and place PCB assembly is very different from the final assembly of batteries in terms of who is capturing value and building a reasonable moat. Their sales angle is around European autonomy.

Low wage workers putting batteries in phones is not that, but PCB assembly is much closer to that.

I read it as "how much is actually assembled in Finland versus arriving pre-assembled?"

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