The invention provides a folding vehicle which comprises a slide plate, a handlebar riser, a folding seat, a folding joint, an articulated shaft, a spring and a movable bolt, wherein the folding seat is connected with the slide plate; the folding seat is provided with a swinging chute, an outer articulated hole and a folding hole; the folding joint is provided with an inner articulated hole and a guide hole; the folding joint is positioned in the swinging chute and is articulated with the folding seat through the articulated shaft; the movable bolt is in movable fit connection with the guide hole; and the spring is connected with the movable bolt and the folding joint. When the handlebar riser is erected, the movable bolt is reduced to the front of the folding seat by virtue of the elasticity of the spring, and the folding seat and the folding joint are fastened by the movable bolt, thereby implementing the erection and reliable positioning of the folding joint; and when the handlebar riser is folded, the movable bolt is inserted into the folding hole of the folding seat by virtue of the elasticity of the spring, thereby implementing the folding and positioning of the handlebar riser. The folding vehicle is simple in structure and convenient to use.