The current multi-source fusion fault diagnosis algorithm rarely considers the information correlation of multi-sensor networks and the important difference between multi-sensors. Aiming at this challenge, we propose an intelligent fault identification method for high-speed railway bogie based on the graph neural network embedded with prior knowledge, which brings the spatial information of the sensor network into the diagnosis algorithm and re-weights each sensor according to the diagnosis results. Firstly, the time–domain correlation of vibration signals between bogie sensor networks is calculated as the prior knowledge. Then, based on the spatial topological relationship of the sensors, the graph correlation matrix of the network is established. Further, the importance of each sensor is dynamically analyzed and updated together with the training process. The proposed method is tested on a high-precision bogie test bed, and the experimental results demonstrate the effectiveness and superiority of the proposed method.