The device and method for manufacturing metal clad plates in way of continuous casting and rolling provided by the present invention, combines the continuous casting, rolling and heat treatment methods used for single material production with the continuous and large-scale production method of composite strip, greatly improves the production efficiency of composite plates. The present invention can be used for producing single-sided or double-sided composite plates with different thickness specifications, wherein the base material or the composited material can be selected in a wide range, including carbon steel, stainless steel, special alloy steel, titanium, copper and the like. The invention realizes the production of composite plates by continuous casting and rolling, and reduces energy consumption and costs.