The invention discloses a heat-generating composite material of graphene and bimetallic nanowires and a preparation method thereof, wherein the heat-generating composite material includes preparationraw materials and a preparation method. The preparation raw materials comprise the following components: graphene oxide, copper nanowires, and silver, platinum, gold or palladium noble metal salts. The highly conductive nano component with stable structure is obtained by composting of the bimetallic nanowires and graphene oxide. At the same time, graphene oxide is easy to disperse in a polymer phase, a complicated and energy-consuming dispersion treatment means is avoided, the introduction of a dispersant is not needed, the preparation process is greatly simplified, the processing cost is low,and the heat-generating material can be produced in large quantities; the time of the prepared heat-generating material required to be heated to a stable value in a range of 10-220 V is less than 300s, and the stable temperature can be regulated in a range of 0-200 DEG C through voltage. The electrical conductivity of the prepared heat-generating composite material can be adjusted in a range of0.1-10 S/cm. The prepared heat-generating composite material is suitable for use as a warm-keeping material, also can be used as a temperature control material, and has broad application prospects.