This study uses a rotating magnetic field for laser welding on 1 mm thick CP780 high-strength steel and 1.5 mm thick 7075 aluminum alloy. The effects of different welding parameters (B = 0 mT, B = 65 mT with V = 0°/s, B = 65 mT with V = 10°/s) on the morphology, microstructure, and tensile properties of welded joints are analyzed. At B = 0 mT, the weld shape is V-shaped, with the intermetallic compounds primarily consisting of needle-like brittle Al-rich (Fe, Si)Al2 phase and fewer granular ductile Fe-rich (Fe, Si)Al phase, resulting in poor mechanical properties. With the application of the rotating magnetic field, the laser energy becomes more concentrated, forming a "T" shape weld. The rotating magnetic field (B = 65 mT with V = 10°/s) generates a constantly changing Lorentz force, promoting molten pool flow and enhancing Fe diffusion within the weld. This process reduces needle-like brittle Al-rich (Fe, Si)Al2 phase and increases granular ductile Fe-rich (Fe, Si)Al phase. It also accelerates the weld cooling rate and inhibits the reaction time and grain growth of intermetallic compounds, thereby reducing the thickness and content of the intermediate transition layer and significantly improving mechanical properties. A comprehensive comparison shows that the best mechanical properties are achieved at B = 65 mT with V = 10°/s. This study offers new insights and a theoretical foundation for achieving cost-effective, high-performance welded joints in advanced high-strength steel and high-strength aluminum alloy for automobiles, thereby facilitating lightweight vehicle development.