The compound-structure permanent-magnet (CSPM) motor is used for an electrical continuously-variable transmission (E-CVT) in a hybrid electric vehicle (HEV). It can make the internal combustion engine (ICE) independent of the road loads and run in the high efficiency area to improve the fuel economy and reduce the emissions. This paper studies the magnetic coupling of a new type of CSPM motor used in HEVs. Firstly, through the analysis of the parameter matching with CSPM in the HEV, we receive the same dynamic properties’ design parameters between the CSPM motor and the THS (Toyota Hybrid System) of the Toyota Prius. Next, we establish the equivalent magnetic circuit model of the overall and the secondary model considering the tangential and radial flux distribution in the outer rotor of the CSPM motor. Based on these two models, we explore the internal magnetic coupling rule of the CSPM motor. Finally, finite element method analysis in 2D-ansoft is used to analyze the magnetic field distribution of the CSPM motor in different operation modes. By the result of the finite element method analysis, the internal magnetic decoupling scheme is put forward, laying the theoretical foundation for the further application of the CSPM motor in HEVs.