The invention discloses a high-strength plastic accumulation TRIP (Transformation-Induced
Plasticity) steel plate and a preparation method thereof, wherein the high-strength plastic accumulation
TRIP steel plate consists of the following elements: 0.08%-0.5% of C, 0.4%-2.0% of Si, 3%-8% of Mn, smaller than or equal to 0.10% of P, smaller than or equal to 0.02% of S, 0.02%-4% of Al, smaller than or equal to 0.01% of N, 0-0.5% of Nb, 0-0.5% of V, 0-0.5% of Ti, 0-2% of Cr, 0-1% of Mo, and the balance of Fe and unavoidable impurities. In a
microstructure, martensites account for 30%-90% by area occupation ratio, austenites account for 5%-30% by
volume fraction, and the remaining is few ferrites and cementites. The hot rolling heating-up temperature is 1100-1250 DEG C, the
holding time is more than or equal to 2 hours, the initial rolling temperature is higher than or equal to 1100 DEG C, the final rolling temperature is 850-950 DEG C, and the coiling temperature is lower than 720 DEG C; a
hot rolled plate is 2-4mm in thickness; and the cover annealing is furnace heating for heat preservation at 550-750 DEG C for 1-20 hours and then furnace cooling.