The present invention discloses a built-in hybrid permanent magnet memory motor with local magnetic circuits in parallel, including a hybrid permanent magnet rotor, a stator, armature windings and a rotating shaft. The armature windings are disposed on the stator, and the stator is disposed outside the hybrid permanent magnet rotor. The hybrid permanent magnet rotor includes a rotor core, first permanent magnets, second permanent magnets and V-shaped magnetic barriers. The rotor core is disposed outside the rotating shaft, the V-shaped magnetic barriers are disposed inside the rotor core, the V-shaped magnetic barriers with openings facing outwards are equally distributed in a circumferential direction of the rotor core, the first permanent magnet is disposed in the opening of the V-shaped magnetic barrier, the second permanent magnet is disposed between the two adjacent V-shaped magnetic barriers, a coercivity of the first permanent magnet is greater than a coercivity of the second permanent magnet, and cross sections of the first permanent magnets and the second permanent magnets are in a straight line. According to the present invention, the problem that the size design of the permanent magnet is limited by the space position is solved, and the anti-demagnetization ability of the low-coercivity permanent magnets and the flux weakening ability of the motor are enhanced.