The present invention provides a vehicle braking composite material reinforced by confusion of natural fiber and crystal whisker and preparing method thereof. The raw materials of composite friction material is composed of bamboo fiber, phenolic resin, magnesium sulfate crystal whisker, steel fiber, copper powder, graphite dust, pyrophyllite powder, aluminum oxide, iron oxide, barium sulfate and zinc stearate. The preparing method comprises the following steps: preprocessing the raw materials, mixing the raw materials, hot pressing shaping and heat processing. The invention uses the bamboo fiber with low cost for reinforcing the phenolic resin. The proper amount of wear-increasing agent, anti-wear agent and filling agent for exerting the cooperative coupling function among the substrate, the fiber/crystal whisker and filling agent, thereby obtaining the novel vehicle braking composite material which has the advantages of stable friction coefficient under different temperatures, low wear rate, high heat fading resistance, excellent braking effect, shock absorbing, noise reduction and low cost.