The invention discloses high-quality gray pig iron for an automobile flywheel shell, and relates to cast iron. The high-quality gray pig iron comprises, by weight percent, 3.1% to 3.5% of carbon, 1.7% to 2.0% of silicon, 0.9% to 1.2% of manganese, 0.02% to 0.04% of phosphorus, 0.03% to 0.06% of sulphur, 0.03% to 0.05% of magnesium, 0.02% to 0.04% of strontium, 0.05% to 0.1% of vanadium, 0.1% to 0.2% of titanium, 0.3% to 0.5% of copper, 0.1% to 0.15% of chromium, 0.2% to 0.3% of mixed rare earth and the balance iron. The prepared high-quality gray pig iron has the higher strength, hardness and corrosion resistance, and is good in machining characteristic; during casting, shrinkage holes are not prone to generating, the obtained yield is high, the manufactured flywheel shell is good in vibration and acoustic characteristics, and the service life is longer.