ABSTRACT As a novel urban rail transit system with relatively low construction costs, medium–low-speed maglev transportation is currently experiencing rapid development in China. However, there have been rare studies on the experiments of medium–low-speed maglev vehicle passing curves and low-positioned subgrade. Therefore, this paper systematically conducts on-site dynamic tests on the Qingyuan Maglev Tourism Line. The experiment provides a detailed analysis of the dynamic characteristics of the vehicle system and subgrade under varying speeds up to 132 km/h. The study explores the impacts of operating speed, track layout, and type of girder structure. The results indicate that a significant increase in operating speed and the application of emergency braking intensify the dynamic response of the vehicle system. When passing through the R700m curve and low-positioned subgrade sections at different speeds, the primary vibration frequency of the sprung structure is below 2.5 hz, while the unsprung structure shows a wide frequency distribution. The peak frequencies of the vibration for the low-positioned subgrade are mainly distributed in the 60–140 hz range, and the vibration response of the girder remains at a low level. The Sperling index values, levitation gap, and lateral offset of the levitation electromagnet of the testing vehicle do not exceed 2.5, 4 mm, and 10 mm, respectively, indicating excellent ride comfort and stable levitation performance. The results of this test study provide a reliable assessment of the safety of the vehicle and subgrade system and would help precise modelling of vehicle and subgrade system in the future.