The invention discloses a bainite steel plate with high elongation, high strength and low carbon and a production method thereof. The production method can produce the steel plates with high elongation, high strength and good low-temperature toughness and welding performance, wherein the elongation is more than or equal to 20% and the yield strength is more than or equal to 1100 MPa. The steel plate comprises the following chemical compositions in percentage by mass: 0.06-0.18% of C, 0.55-1.7% of Si, 1.1-1.7% of Mn, more than or equal to 0.007% of P, more than or equal to 0.006% of S, more than or equal to 0.0040% of N, 0.02-0.06% of Nb, 0.25-0.4% of Mo, 0.01-0.02% of Ti, 0.3-0.5% of Cr, 0.3-0.8% of Ni, 0.3-0.8% of Cu, 0.025-0.05% of V, and 0.0005-0.0015% of B, optionally 0.015-0.02% of ALs, and the balance Fe and inevitable impurities. The microstructure of the steel plate is a multiphase structure and contains bainite structure, martensite structure, a small amount of residual austenite structure and carbide with dispersedly distributed Nb, V, Ti and others elements at the same time. The method for producing the bainite steel plate with high elongation, high strength and low carbon comprises the following steps of preparation of materials, converter or smelting in electric furnace, external refining, continuous casting, reheating of slabs, controlled rolling, controlled cooling, and heat treatment.