Two kinds of different resin-based friction plates, the phenolic resins modified with tung oil and modified with cashew nut oil were prepared by hot pressed sintering technology (P/M). The friction coefficient and wear rate of the friction plates at the different braking speeds, braking loads and instantaneous brake were studied by using CFT ring-on-block machines, and the worn surface was analyzed by the scanning electron microscopy (SEM). The results showed that the friction coefficient and wear rate of two kinds of friction plates show that the similar trend, namely the friction coefficient is decreased with the increase of braking speeds and braking loads, and the wear rate is decreased with the increase of braking speeds and increased with the increase of braking loads. The friction plate with phenolic resin modified with tung oil as the matrix, the carbon fiber as the reinforced fiber has stable friction coefficient at instantaneous brake condition and has lower wear rate at different braking load and braking speed.