Dayun Group: the group, its brands and who controls it
Facts checked
- Private
Dayun traces itself to a motorcycle shop that Yuan Qinshan opened on Jiefang North Road in Yuncheng, Shanxi in September 1987. The business grew into motorcycle manufacturing, then engines, then trucks; the present holding company was formed in 2009. It is privately held and unlisted.
Most of what Dayun builds is commercial. Dayun Motor makes heavy trucks at Yuncheng, a separate light-truck operation has been based in Chengdu since 2009, and the motorcycle side sells under both Dayun and Dayang. Motorcycles and three-wheelers remain a substantial part of the business, which is unusual among Chinese groups that also tried to build passenger cars.
The passenger-car attempt was Yuanhang (远航), shown at the Chengdu auto show in 2022 and put into production in November 2023: two large saloons, the Y6 and Y7, and two SUVs, the H8 and H9. Reports of delayed salaries, store closures and staff departures at the car arm began in October 2024. In November 2024 Dayun said Yuanhang had liquidity problems and was being reorganised, and that the group's other divisions were unaffected.
Key facts
| Chinese name | 大运 “dah-YOON” 大 dà 'great' + 运 yùn, which means both 'fortune' and 'to transport' — the name reads as 'great fortune' and as 'big haulage' at the same time |
|---|---|
| Legal name | Dayun Group Co., Ltd. |
| Ownership | Private |
| Founded | 1987 by Yuan Qinshan |
| Headquarters | Yuncheng, Shanxi, China |
| Vehicles | Commercial vehicles, Motorcycles and Cars |
| Listings | Not listed |
| Origin | A motorcycle shop opened in Yuncheng, Shanxi in September 1987; the Dayun Group holding company was created in 2009 |
| Products | Heavy trucks, light trucks, motorcycles and scooters, engines, and — from 2023 — Yuanhang passenger cars |
| Truck capacity | Dayun Motor is described as able to build up to 50,000 trucks a year |
| Yuanhang car brand | Shown at the 2022 Chengdu auto show, in production from November 2023 with the Y6, Y7, H8 and H9 |
| Yuanhang status | Under strategic adjustment and reorganisation after October 2024 reports of unpaid salaries and store closures; Dayun said in November 2024 that other divisions were unaffected |
Ownership tree
- Dayun Group (group)
- Yuanhang (brand) Held at 100%
Who controls Dayun Group?
Yuan Qinshan controls Dayun Group since September 1987.
Founder and chairman of Dayun Group, which is private and unlisted. His exact holding was not verified.
Brands
| Brand | Held | Origin | Founded | Models | Markets |
|---|---|---|---|---|---|
| 远航Yuanhang | directly | China | 2022 | 0 | 1 |
Dayun Group: questions people ask
- Who owns Dayun?
- Dayun Group is a private, unlisted company founded and chaired by Yuan Qinshan. It is not state-owned and has no foreign shareholder.
- What does Dayun make?
- Mainly heavy and light trucks, motorcycles, scooters and engines from Yuncheng in Shanxi, plus the Yuanhang passenger cars introduced in 2023.
- Is Yuanhang still selling cars?
- The brand has been in reorganisation since late 2024. Dayun confirmed in November 2024 that Yuanhang had liquidity problems, following reports of delayed salaries and closing showrooms, and said the group's truck and motorcycle divisions were unaffected.
- What does the name Dayun mean?
- 大运 (Dàyùn) reads two ways at once: 'great fortune' and 'big haulage'. For a truck and motorcycle maker both senses fit.
Related
Sources for Dayun Group
- Wikipedia, Dayun Group. Read . Founding, chairman, products, subsidiaries, capacity and the Yuanhang reorganisation
- Wikipedia, Yuanhang Y7. Read . Yuanhang brand launch and production at Yuncheng
- CarNewsChina, The Big Read: Dayun. Read . Company history from the 1987 motorcycle shop onwards