The electrolytic in-process dressing (ELID) technology was combined with ultrasonic honing technology and ELID-ultrasonic honing system was proposed. And the electrolysis parameters, ultrasound parameters, honing parameters reasonable were matched for ELID- ultrasonic honing system and the honing processing experiments were carried out. Studies have shown that parameters in ELID-ultrasonic honing system are independent without disturbing each other. Compared to traditional honing and ultrasonic honing, ELID-ultrasonic honing system has a significant advantage in machining accuracy, surface roughness, processing efficiency and so on. The feasibility of ELID- ultrasonic honing system is validated, which provided a new compound method of honing for ultra-precision honing machining.