The invention discloses a two-phase automobile steel plate with low yield-strength ratio and high strength and a production method of the two-phase automobile steel plate, belonging to the technical field of steel for automobiles. The two-phase automobile steel plate comprises the following chemical components: 0.1-0.40wt% of C, 3.0-8.0wt% of Mn, less than or equal to 0.020wt% of P and less than or equal to 0.02wt% of S; on the basis, the two-phase automobile steel plate can be additionally provided with one or more of the following elements: 0.1-3.0wt% of Ni, 0.2-3.0wt% of Cr, 0.1-0.8wt% of Mo, 0.3-2.3wt% of Si, 0.5-2.0wt% of Cu, 0.0005-0.005wt% of B, 0.02-0.10wt% of Nb, 0.002-0.25wt% of [N], 0.05-0.25wt% of Ti, 0.02-0.25wt% of V, 0.015-0.060wt% of Al, 0.002-0.005wt% of RE (Rare Earth) and 0.005-0.03wt% of Ca. The two-phase automobile steel plate has the advantages that the two-phase automobile steel plate with low yield strength, high tension strength and favorable elongation can be produced through annealing within short time; the performance indexes of the two-phase automobile steel plate are as follows: two-phase steel with the tension strength of 980MPa has the yield-strength ratio of not larger than 0.55 and the elongation of larger than 22%, and two-phase steel with the tension strength of 1180MPa has the yield-strength ratio of not larger than 0.55 and the elongation of larger than 17%.