In 2011, the donation behavior of the wealthy Zhong Xinjia caused an uproar, and he did not hesitate to donate huge amounts of money to American schools, but ignored the needs of domestic universities. This incident has aroused widespread doubts and controversy, making people wonder: how did this entrepreneur, known as the "battery king", embark on this life path full of twists and turns?
Zhong Xinjia donation event
Entrepreneurs cannot escape their social responsibilities at any time, and Zhong Xinjia could have prioritized the needs of domestic education, but instead he set his sights on distant American schools. Zhong Xinjia's remarks seemed a little arrogant, and he confidently declared: "I earned the money myself, and I can donate it to whomever I want." This attitude has provoked many doubts, entrepreneurs are first and foremost citizens of society, and their words and actions must have a profound impact on society. One wonders why he chose to do so? How did this "battery king" get to where he is today?
Zhong Xinjia loved painting as a child, and although his family wanted him to study Chinese medicine, his ambitions did not match theirs. So, he entered the Zhanjiang Art School and began his dream journey of painting. However, after graduation, he quickly faced the harsh reality of the painting market and found that the demand was far lower than expected. Therefore, he temporarily put his painting dream on hold and re-entered the field of Chinese medicine. Although his family is pleased with his decision, he still faces employment challenges. This time, he went to Zhanjiang alone to work in a small battery factory. Although she didn't know anything about batteries, Zhong Xinjia started as a grassroots worker and mastered the structure and principle of batteries step by step. He began to think and design new batteries, experimenting in his spare time. After many failures and modifications, he eventually made some successful breakthroughs. These gizmos were recognized by the factory and rekindled his passion, and he was determined to move forward in the field of batteries. Soon after, he quit his job and went to Zhuhai with his improved battery to start his business.
After countless days and nights of struggle, Zhong Xinjia successfully developed a maintenance-free lead-acid battery, which enabled him to successfully transform from a layman in the battery field to an industry expert. He applied for a patent and began mass production. His battery business is becoming more and more prosperous, and he can even display products at the Hong Kong Expo, attracting widespread attention in the industry. However, the sudden setback made him ponder. He connected 96 lithium batteries together and successfully drove 160 kilometers when he suffered an explosion. Despite the failure, Zhong Xinjia did not give up battery research, he continued to improve the product and solve safety problems. With the strong support of the government, his career ushered in a new peak and established a huge battery industry. From a layman in the electronics industry to the successful research and development of a number of innovative battery products, Zhong Xinjia's struggle is full of ups and downs. However, his success seems to be inseparable from the support of the government, so what will happen to his fate after donating to American schools?
However, when his career seemed to be in full swing, Zhong Xinjia fell into the abyss on impulse, not only donating Chinese people's hard-earned money to American schools, but also swiping the money out of the company's account without approval. This decision caused strong resistance from the public, the number of orders for Leitian Battery plummeted, long-term cooperative customers broke off cooperation, the company's stock price plummeted after listing, and profits evaporated billions of yuan. The shareholders' meeting decided to remove Zhong Xinjia from his position as chairman and even sue him for embezzling the company's assets. The "battery king" eventually went bankrupt with a debt of 200 million. This event taught us that entrepreneurs should not only have business acumen, but also have a sense of social responsibility and contribute to society. Only in this way can they gain the respect and support of society.