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At that price, I would hope I was paying for both.

The bolt itself is hollow and contains the battery. So… a fail there as well.

On the plus side - if someone tries to kick it in hard enough to damage it, free pyrotechnic alarm!

Meaning you can change out the mechanism that is easy to pick, but keep the smarts and motor?

That’s correct, they sell (sold?) a model hitch doesn’t even include the lockset.

for the price it should be perfect.