The high-speed oil-filled ball spinning and drawing process was put forward to manufacture the axially grooved heat pipe with highly efficient heat-transfer performance, and the forming mechanism of micro-grooves inside the pipe was investigated. The key factors influencing the configurations of micro-grooves were analyzed. When the spinning depth varies between 0.4 mm and 0.5 mm, drawing speed varies from 200 mm/min to 450 mm/min, rotary speed is beyond 6 000 r/min and working temperature is less than 50 ℃, the grooved tubes are formed with high quality and efficiency. The ball spinning process uses full oil-filling method to set up the steady dynamic oil-film that reduces the drawing force and improves the surface quality of grooved copper tube.