This article proposes a new deadbeat predictive current control (DPCC) method based on a sliding-mode observer (SMO), which is applied in the field of permanent magnet motor control. A novel DPCC control method based on SMO is proposed according to the inherent issues of DPCC, which can effectively suppress internal parameter mismatch disturbances and external disturbances in the current loop. The mathematical model and derivation process of the proposed method are introduced. A simulation model is built and the effectiveness of the proposed method is verified. An experimental platform is built and the superiority of the proposed method is verified based on comparative experiments. Experimental results show that the proposed algorithm has strong robustness to the motor parameter mismatch. Compared with extended state observer (ESO) and adaptive observer (AO), the proposed algorithm has faster response speed and higher steady-state accuracy.