At the Electric Vehicle Charging and Swapping Industry Conference, Lin Zhitang, Deputy General Manager of Xiaoju Energy, unveiled that Xiaoju Charging intends to invest over 100 million yuan within the coming year to upgrade merchants' charging facilities and expedite the deployment of ultra-fast charging networks. Commencing on June 1, the initial round of subsidies will encompass eight cities. Through the "Renewal Subsidy" program, Xiaoju Charging will offer merchants complimentary upgrades from outdated charging piles to ultra-fast charging piles, along with cash incentives to ease operational burdens. Currently, the Xiaoju Charging platform boasts over 46,000 charging stations, with ultra-fast charging stations comprising more than 47% of the total, each boasting a single-gun power output of 180kW or higher. Looking ahead, Xiaoju Charging remains committed to advancing the proliferation and intelligent evolution of ultra-fast charging networks.