The invention relates to automatic manufacturing equipment, in particular to automatic lubricating grease smearing equipment for an automobile reducer cover plate. The automatic lubricating grease smearing equipment comprises a working table, a conveying belt for conveying the reducer cover plate, a pneumatic smearing mechanism for realizing multi-point smearing, a servo smearing mechanism for realizing track smearing, a first work fixture for fixing the reducer cover plate and a second work fixture for fixing the reducer cover plate; the conveying belt is fixedly connected to the working table; in the conveying direction of the conveying belt, the first work fixture and the second work fixture are sequentially arranged above the conveying belt; the pneumatic smearing mechanism works with the first work fixture, and the servo smearing mechanism works with the second work fixture. The automatic lubricating grease smearing equipment is good in manufacturability, adopts the full-automatic assembly line unmanned operation, and is excellent in smearing effect and high in processing efficiency.