The high-speed permanent magnet motor has been widely used in the industrial field because of its high-power density, fast dynamic response, and wide speed range. High efficiency and stable operation are the premises for the high-speed permanent magnet motor to exert its advantages. Firstly, this article analyzes the problems existing in the drive technology of high-speed permanent magnet motors from three aspects: current harmonics, rotor position detection, and low carrier ratios. Aiming to address the above problems, the status of the latest research is summarized from the aspects of harmonic suppression, position sensorless, and control strategies. In addition, future research trends for high-speed permanent magnet motors are discussed.