The invention discloses novel technology for continuously producing nano powder by using ultra-high temperature plasma and a preparation process thereof. The technology is implemented by a device consisting of an electrical control system, a vacuum pumping and measuring system, an gas charging system, an ultra-high temperature plasma heating, evaporating and pulverizing system, a high air-flow cooling and circulating system, a water cooling and circulating system, a nano powder supplementing and collecting system, a powder cleaning system and a vacuum packaging and storing system. High vacuum is adopted in the embodiment of the invention and the method comprises the following steps of: directly heating metal powder by using the ultra-high temperature plasma to form metal vapor quickly; and colliding the metal vapor quickly with high air-flow gas molecules to make the metal vapor loose energy and form clusters by using the high air-flow cooling and circulating system and water cooling circulation, and condensing the clusters into the nano metal powder. Metal hydride nano powder, metal nitride nano powder, metal oxide nano powder and pure metal nano powder can be produced by using different protective gases. Compared with the prior art, the nano metal powder produced by the method has the advantages of difficult agglomeration, simple process, high purity, convenient operation and maintenance, low production cost, easy realization of large-scale industrial production and wide popularization.