New conductor is developed by using high strength nonmagnetic steel(NM) wire as the core of overhead conductor This conductor is called ACNR overhead conductor(Aluminum Conductor Nonmagnetic Steel Reinforced). Formed by the combination of aluminum alloy wire and high strength nonmagnetic steel wire, it has about the same weight and diameter as conventional ACSR overhead conductor. To enhance properties beneficial in an electrical and mechanical conductor during the Process of high strength nonmagnetic steel wire, we made a large number of improvements and modifications in the working process, aluminum cladded method, and other process. ACNR overhead conductor, we successfully developed, has mechanical and electrical properties as good as or even better than conventional galvanized wire. Microstructure of raw material NM wire was austenite and then deformed martensite after drawing process. Strength at room temperature is about $180kgf/mm^2~200kgf/mm^2$. The conductivity at 0.78 mm thickness of Aluminum cladded M wire is about $7\%$ IACS higher than $20\%$IACS of HC wire used as core of commercial ACSR overhead conductor. The corrosion resistance is about 3 times higher than that of HC wire.