The transformation behavior and tensile properties of an ultra-high-strength transformation-induced plasticity(TRIP) steel(0.2C–2.0Si–1.8Mn) were investigated by different heat treatments for automobile applications. The results show that F-TRIP steel, a traditional TRIP steel containing as-cold-rolled ferrite and pearlite as the original microstructure, consists of equiaxed grains of intercritical ferrite surrounded by discrete particles of M/RA and B. In contrast, M-TRIP steel, a modified TRIP-aided steel with martensite as the original microstructure, containing full martensite as the original microstructure is comprised of lath-shaped grains of ferrite separated by lath-shaped martensite/retained austenite and bainite. Most of the austenite in F-TRIP steel is granular, while the austenite in M-TRIP steel is lath-shaped. The volume fraction of the retained austenite as well as its carbon content is lower in F-TRIP steel than in M-TRIP steel, and austenite grains in M-TRIP steel are much finer than those in F-TRIP steel. Therefore, M-TRIP steel was concluded to have a higher austenite stability, resulting in a lower transformation rate and consequently contributing to a higher elongation compared to F-TRIP steel. Work hardening behavior is also discussed for both types of steel. The transformation behavior and tensile properties of an ultra-high-strength transformation-induced plasticity (TRIP) steel (0.2C-2.0Si-1.8Mn) were investigated by different heat treatments for automobile applications. The results show that F-TRIP steel, a traditional TRIP steel containing as-cold-rolled ferrite and pearlite as the original microstructure, consisting of equiaxed grains of intercritical ferrite surrounded by discrete particles of M / RA and B. In contrast, M-TRIP steel, a modified TRIP-aided steel with martensite as the original microstructure, containing full martensite as the original microstructure is composed of lath-shaped grains of ferrite separated by lath-shaped martensite / retained austenite and bainite. Most of the austenite in F-TRIP steel is granular, while the austenite in M-TRIP steel is lath-shaped. The volume fraction of the retained austenite as well as its carbon content is lower in F-TRIP steel than in M-TRIP steel, and austenite grains in M-TRIP steel M-TRIP steel was concluded to have higher austenite stability, resulting in a lower transformation rate and increased contribution to a higher elongation compared to F-TRIP steel. Work hardening behavior is also discussed for both types of steel.