The invention discloses an aluminum alloy shell of a CVT and a preparation method thereof. The aluminum alloy shell is composed of silicon, iron, magnesium, copper, chromium, manganese, titanium, zinc, nickel, lead, tin, zirconium, antimony, molybdenum, strontium and aluminium. The aluminum alloy shell is not prone to deforming and has high temperature resistance, no skin, light weight, no peeling, hardness of 150-200 HV; and a product has high strength, tensile strength of 500-600 MPa, yield strength of 450-550 MPa, bright surface, good fatigue resistance, elongation of 10%-20%, and no bubbles.