The invention relates to a multifunctional electromagnetic stepless torque conversion device, belonging to the field of a speed changer. The device adopts a motor which consists of an inner rotor, an outer rotor, a motor winding, a slip ring, a carbon brush and a carbon brush holder, wherein, the inner rotor, the outer rotor and the motor winding can freely rotate, the slip ring is connected with a winding terminal, and the carbon brush and a carbon brush holder are connected with the slip ring in a sliding way; when in the process of power transmission, any of the two rotors is taken as a power input end, and other one is taken as a power output end; due to the special use, the functions of stepless speed change, clutch, battery cell charge and energy recovery can be realized when the motor is in a power generation mode, and the functions of starting an engine and pure electric driving and combination driving can be realized when the motor is in a power-driven mode; therefore, when being matched with the engine and a gear for use, the stepless torque conversion device can replace a electric generator, a starting engine, the clutch and a flywheel, so as to have positive effects of small volume, low cost, high transmission efficiency, energy conservation, environmental protection, simple structure and convenient operation.