The invention discloses a novel motor type on-line automatic balancing device with a positionable counterweight disc. The novel motor type on-line automatic balancing device comprises a rotating part, a gear part, a static part, a conductive
slip ring and a connecting bearing, the connecting bearing comprises two moving ring bearings and two static ring bearings; the rotating part and the gear part are connected through two moving ring bearings, and the gear part and the static part are connected through two static ring bearings; the rotating component mainly comprises a moving ring, two ultrasonic motors and a reference
magnet; the gear component comprises two groups of
planet gears and gear rings which are meshed with each other, two counterweight plates, two counterweight blocks, a positioning
magnet I and a positioning
magnet II; the static part mainly comprises a static ring, an
aviation plug frame, a first side end cover, a second side end cover, a first positioning
Hall element, a second positioning
Hall element and a reference
Hall element, according to the invention, a dynamic and static ring structure is adopted, and the positions of the reference magnet and the positioning magnet I and the positioning magnet II at the corresponding positions are sensed through the reference Hall element, the positioning Hall element I and the positioning Hall element II, so that the specific phases of the two counterweight discs are detected, and the counterweight discs are positioned.