The invention relates to a method for preparing a diesel vehicle exhaust gas purification molecular sieve. The method comprises the following steps: (1) dissolving aluminum sulfate and manganese nitrate into deionized water, adding a template agent to the solution, further adding sodium hydroxide, performing stirring, adding silicon sol, and stirring the mixed gel so as to obtain a precursor solution; (2) crystallizing the precursor solution, filtering and washing the obtained solution, and performing drying and roasting so as to obtain an untreated molecular sieve; (3) sequentially adding ammonium nitrate, copper nitrate, chromium nitrate and cerium nitrate to the molecular sieve, performing ion exchange, and performing filtering, washing and drying so as to obtain an activated molecularsieve; and (4) adding samarium nitrate to the activated molecular sieve, performing ion exchange, and performing filtering, washing, drying and roasting, so as to obtain the diesel vehicle exhaust gaspurification molecular sieve. Defects of the prior art are overcome, a diesel vehicle exhaust gas is purified by using the molecular sieve, the hydrothermal stability and the low temperature activityof the molecular sieve can be improved, the toxicity of the molecular sieve can be degraded, thus being safe and environment-friendly.