A new method of ultrasonic assisted electrolyte plasma polishing (UEPP) is proposed to solve the problem that the oxidation layer generated on the anode workpiece surface in the process of Electrolytic Plasma and Polishing (EPP) cannot be removed completely, which affects the polishing e ciency and surface quality of the workpiece. Firstly, the polishing mechanism of UEPP is described and set up an experimental platform. Taking SUS304 stainless steel as the experimental object, comparative experiments of UEPP and EPP polishing are carried out to verify the bene cial effect of ultrasonic vibration on improving polishing e ciency and polishing quality. The results show that under the same polishing parameters, the introduction of ultrasonic vibration can improve the polishing e ciency by nearly 30%. After UEPP process, the workpiece has better surface texture, the number of surface scratches is greatly reduced, and lower surface roughness can be obtained. In addition, 40KHz is the best ultrasonic vibration parameter. The optimization experiments of UEPP polishing process parameters are further carried out. For SUS304 stainless steel, the optimal polishing process parameters are power supply voltage of 250V, polishing solution concentration of 4%wt, polishing solution temperature of 80℃ under 40KHz ultrasonic assisted conditions. The surface roughness of the experimental workpiece can be reduced from the initial Sa0.5μm to Sa0.02μm after 40 minutes of polishing under the optimized process parameters.