DFM was founded in 1986 and is a privately owned company led by President Zhang Xinghai. It started by producing shock absorbers for motorcycles in 1996 and has since expanded to produce car engines, mini automobiles, and other products. DFM exports its mini automobiles to over 70 countries worldwide and is the top producer of mini automobiles in China with an annual production capacity of 400,000 units across its 5 factories in China.