The present invention relates to a method for molding a highly heat-resistant sound absorbing and insulating material, which uses a sound absorbing material containing 20-80 parts by weight of a fiber material having a limiting oxygen index (LOI) of 25% or greater and a heat resistance temperature of 200° C. or greater and 20-80 parts by weight of a thermosetting binder resin having a heat resistance temperature of 200° C. or greater and is installed on an engine cylinder block and an automotive body panel above a muffler of a vehicle. More specifically, the method includes a releasing agent coating step of coating a releasing agent inside a hot die, a hot compression molding step of fixing a shape, and a cold compression step of stabilizing the shape.The highly heat-resistant sound absorbing and insulating material molded according to the method can reduce the noise inside a vehicle by blocking radiated noise, which is generated from an engine and an exhaust system, from being transferred to the inside of the vehicle through an automotive body panel, can maintain its shape even under a high-temperature environment of 200° C. or greater generated by the engine and the exhaust system, and can satisfy UL 94V-0 flame retardancy.