China’s “Battery King” declared bankruptcy after donating 70 million to the United States. What happened next?

Having countless treasures is a wish that most people long to realize. In real life, there are indeed many people who are worth hundreds of millions or even tens of billions and live a life that ordinary people would envy. But it is just like what is said in "A Dream of Red Mansions": "It's like a bird that has eaten all its food and throws it into the forest, leaving a vast white land. It's really clean." Although some of them are as rich as Jia's family, some of them end up with a full plate. All lose. In the history of our country, there are countless people who succeeded in the first half of their lives but lost all their wealth in the second half of their lives. It would be good if it just failed, but what would be even worse is that like the protagonist we are about to talk about, he is still in debt.

The person we are going to discuss was once known as the king of China’s battery field. Hearing this title, you can realize how successful he was in this field, but in the end the company declared bankruptcy and still had a huge debt of 182 million yuan. If you want to know what happened to such a once-incomparable figure to end up with such a miserable result, then read on.

Zhong Xinjia was born in the 1960s. His family is very ordinary like the "personalities" of many inspirational figures. Zhong Xinjia's family is equivalent to a family of traditional Chinese medicine, so Zhong Xinjia has learned about traditional Chinese medicine since he was a child, and his father has always believed that Zhong Xinjia can inherit the family business. But when he grew up, Zhong Xinjia didn't want to be a regular Chinese medicine doctor. He always had an artistic dream in his heart.

Zhong Xinjia was very interested in art when he was a child, so when he chose a university, he also chose an art school. After successfully admitted to art school, he worked very hard to learn art-related knowledge. Although the process was difficult, Zhong Xinjia persisted for her dream. But this society is realistic. Even if Zhong Xinjia is passionate about pursuing art, it is simply impossible to achieve it without money. So in order to be able to support her dream, Zhong Xinjia had been working part-time here and there to earn money by painting for others.

But there are not so many lucky things in this world. No matter how hard Zhong Xinjia works, he still has not made great achievements in the field of art. Although Zhong Jiaxin loves this industry very much, he also knows that after so many efforts, he is not suitable for the development of this industry. In the end, Zhong Xinjia withdrew from the field of art, but everything was just like the sentence in "Feng Yi Zhuan, Book of the Later Han Dynasty": What is lost is gained in the east. If you lose something, you will gain something. Zhong Xinjia finally worked in a battery factory. With his intelligence, he developed some principles of batteries in a short period of time.

After knowing how to make batteries, he invented some batteries himself and made a lot of money with these inventions. With this money, Zhong Xinjia began to conduct team research and development on his own, and finally discovered a battery made of rare earth lithium. It was after the research of this kind of battery that Zhong Xinjia's career took off very well. In the end, step by step, he established many electronic companies. Since he also knew a lot about business, he invested in some electronic companies. With these companies, he could have embarked on a very successful road, but he set himself up.

When his career was successful, he donated 70 million to the United States. When his career reached its climax in China, Zhong Xinjia wanted to expand his career overseas. So he invested tens of millions in the United States in an attempt to expand his company to the American market. But after the donation, his company collapsed. It turned out that his partner later took him to court, and Zhong Xinjia was ordered to compensate for economic losses of 182 million, but he could not afford the compensation at all, and eventually he was declared bankrupt due to debt.