The invention provides a foldable suspension mechanism for a distributed drive electric vehicle. The mechanism comprises a lower control arm, a hydraulic cylinder, a first connecting rod, a limiting disc or a limiting plate, and a second connecting rod, wherein one end of the lower control arm is hinged with a vehicle body ball, and the other end is hinged with a steering knuckle ball of wheels; the piston rod end of the hydraulic cylinder is hinged between the first connecting rod and the second connecting rod, and a revolute pair is formed among the three; the other end of the first connecting rod is hinged with the vehicle body ball, and the other end of the second connecting rod is hinged with the other end of the lower control arm, and the cylinder body end of the hydraulic cylinder is hinged with the vehicle body ball; the limiting disc or the limiting plate is mounted at the hinging position between the first connecting rod and the second connecting rod so as to limit the relative rotation angle between the first connecting rod and the second connecting rod, thereby realizing the limit of the longitudinal or lateral position of wheels. The foldable suspension mechanism resolves the contradiction between the big steering angle of a traditional suspension design and a better dynamic wheel location parameter, so as to obtain better handling stability.