At present, there are few studies on the phase transition during the thermocompression plastic deformation of magnesium alloy. In this study, the evolution model of thermal compression plastic of AZ31 magnesium alloy was constructed by molecular dynamics, and the phase transition relationship between HCP and FCC at different thermal compression rates was studied. By combining GLEEBLE thermal compression experiment with transmission electron microscopy experiment, high-resolution transmission electron microscopy images were taken to analyze the transition rules between HCP and FCC during plastic deformation at different thermal compression rates, and the accuracy of molecular dynamics analysis was verified. It is found that the slip of Shockley's incomplete dislocation produces obvious HCP →FCC phase transition at low strain rate and base plane dislocation at high strain rate, which makes the amorphous phase transition of HCP→OTHER more obvious, which provides theoretical guidance for the formulation of forming mechanism and preparation process of magnesium alloy.