A display panel, and a display device and a drive method thereof are provided. The display panel includes a first array substrate and a second array substrate cell-assembled with each other, and a liquid crystal layer between the first array substrate and the second array substrate. The display panel further includes a plurality of sub-pixel units, and each of the sub-pixel units includes a color film pattern on the first array substrate, an electroluminescent layer on the second array substrate, and driving electrodes for driving the liquid crystal layer and the electroluminescent layer; and the driving electrodes comprise a reflective electrode on the second array substrate and below the electroluminescent layer, a transparent electrode on the electroluminescent layer, and a pixel electrode on the first array substrate.