The invention belongs to the field of networking automatic driving of vehicles, and discloses a cooperative vehicle formation driving method and a cooperative vehicle formation driving system. Sensinginformation of vehicles and absolute position information of the vehicles are captured for sensing fusion, path planning and decision-making control, and road environment information of the vehiclesis integrated to implement formation converging, following, quitting, parking and cooperative lane changing co-driving strategies for the vehicles. According to the method and the system, connection of all modules and direct communication between the modules are implemented in a 5G (5th-generation) manner, meanwhile, low-cost vehicle-mounted sensors such as a visual sensor and a millimeter wave radar are additionally arranged, sensing fusion, path planning and decision-making control are integrated into the same software architecture, the road environment information of the vehicles is integrated, and a reliable vehicle formation driving function is realized by a high-accuracy controller. The system is consistent with the development trend of networking vehicle formation driving, high in modulation degree and easy to functionally extend, and by a decentralized following strategy, the influence of uncertainties of network communication can be reduced.