CATL as the world's largest manufacturer of batteries is covering the entire battery market and different parts of the market have different requirements. It's

CATL as the world's largest manufacturer of batteries is covering the entire battery market and different parts of the market have different requirements. It's less about risk and more about having products with different cost and features. They are diversifying their products and opening up new segments of the market. Sodium ion batteries are interesting because they don't depend on a lot of expensive materials like Lithium and (presumably) don't require a lot of dirty and energy intensive processing. In terms of energy density they are comparable to some of the outdated lithium batteries from a few years ago (i.e. not that impressive but still capable). But in terms of cost, it probably is a massive improvement. And this looks like it should do well in cheap cars as a good enough & cheap enough battery. And of course there is a lot of demand for batteries now beyond cars or transport where energy density simply is not that relevant.