The invention discloses an exhaust pipe made from novel high-performance materials and a manufacturing process of the exhaust pipe. The exhaust pipe is prepared from, by weight, 8-12 parts of C, 10-18 parts of Mn, 3-8 parts of Si, 2-4 parts of Mo, 20-32 parts of Ni, 2-11 parts of Cr, 3-7 parts of Ti, 4-8 parts of B, 1-4 parts of Zr, and the balance Fe and unavoidable impurities. The automobile exhaust pipe can bear strong vibration when an engine is stopped and started and can work well in harsh conditions. In addition, due to the novel materials of the exhaust pipe, the noise problem can be greatly relieved, so that the exhaust pipe can be used more widely and is durable, resistant to corrosion and high in strength, and the manufacturing process is simple in method and low in production cost and can be suitable for mass production.