The invention belongs to the technical field of automobile steel, and in particular relates to a double-phase twinborn induced plastic super-strength automobile steel plate and a preparation method thereof. The steel plate comprises the following chemical elements in percentage by weight: 0.3-0.6% of C, 8-12.00% of Mn, 1.00-3.00% of Al, less than or equal to 0.020% of P, less than or equal to 0.02% of S and the balance of Fe and inevitable impurities. The steel plate can be selectively cold-rolled with 5-25% of rolling reduction after warm-rolling at 100-250 DEG C, or a hot continuous rolled plate coil is cold-rolled after being softened and annealed. The yield strength of the steel plate is greater than or equal to 650MPa, the tensile strength is 1000-1500MPa, the extension rate of short continuous annealing is 15-25%, the product of strength and elongation is 20-35GPa%, the extension rate obtained after cover-type prolonged annealing is 25-40%, and the product of strength and elongation is 30-40GPa%.