Core Viewpoint - Xiaoju Energy plans to invest over 100 million yuan in the next year to upgrade charging facilities and accelerate the construction of a supercharging network to meet user demand for fast charging [1] Investment and Subsidy Details - The initial round of subsidies will officially launch on June 1, covering eight cities in China [1] - The 100 million yuan "Renewal Subsidy" is divided into two parts: one part is a "Co-construction Fund" to help merchants upgrade old charging piles to supercharging piles at zero cost, and the other part is cash subsidies to reduce operational pressure on merchants [1]