Abstract: During the development and industrialization of China’s Strategy Emerging Industry (SEI), the fact that business model innovation is an important precondition for industrialization is gradually became a consensus, while technology innovation and progress is taken into account seriously. Given to this background, by considering on the strategy theory’s explanation on business model and the tendencies and characteristics of future research on SEI business model, this paper uses Strategy Tripod Theory to illustrate business model system, as well as the conditions including institutional conditions, industry structure conditions, capabilities and resources which affect business model; The paper thus constructs “a holistic research framework for SEI’s business model innovation”, which considered “Triggering – Evolution – Evaluation”; At last, the paper applies the framework into China’s new energy vehicle industry which is a growing speed SEI, to show how the framework can be applied. The paper comes with conclusion: the theoretical framework for SEI’s business model innovation is very essential for studying business model innovation systematically and evolutionary.