Abstract: Manufacturing industry is the foundation of building a country, the tool of rejuvenating the country and the foundation of strengthening the country. The new quality productivity of manufacturing industry is a contemporary advanced productivity led by scientific and technological innovations in promoting the high-quality development of manufacturing industry. Artificial intelligence, as the core engine of the fourth industrial revolution, plays a key role in driving the new quality productivity of manufacturing industry to achieve value creation. From the perspective of formation mechanism, artificial intelligence can not only empower manufacturing productivity system from three aspects: reshaping productivity subjects, upgrading production tools and expanding production objects, but also promote the reform of manufacturing production mode and create an intelligent, service and ecological production system. From the perspective of action mechanism, it can promote the value creation of new productivity in manufacturing industry by the data-driven effect, and effects in innovation promotion, factor allocation and market competition. From the perspective of realization path, it drives the value creation of new productivity in manufacturing industry by establishing and improving the institutional system of value creation of new productivity in manufacturing industry, improving core technological innovation ability, cultivating compound talent teams, accelerating the value of industrial data, and building a unified domestic market.