The invention provides a
shape memory alloy and a preparation method thereof, belonging to the technical field of materials. The
shape memory alloy comprises the following components in percent by weight: 14-15% of Mn, 6-7% of Si, 9-10% of Cr, 5-6% of Ni, 0.05-0.1% of C, and the balance of Fe. The preparation method of the
shape memory alloy comprises the following steps: firstly, according to the weight percentages of all components of the shape memory
alloy, respectively taking the following raw materials, such as ultra low
carbon steel, Mn, Si, Cr and Ni, or respectively taking low
carbon steel, Fe, Mn, Si, Cr and Ni; secondly, melting all raw materials except Mn by vacuum induction; and thirdly, adding Mn in the mixture and conducting melting in the
inert gas and obtaining the shape memory
alloy by natural cooling. The strength and recoverable strain of the shape memory
alloy is obviously higher than those of the normal Fe-Mn-Si alloy, the
corrosion resistance of the shape memory alloy is good, the recoverable strain of the shape memory alloy is 3% under a
casting condition and is further increased after solution-
quenching treatment; furthermore, the preparation process of the shape memory alloy is simple.