In some key areas, fault-tolerant control is usually needed in order to enable the motor to operate continuously in fault mode. Given that it is difficult to detect the zero-sequence current of the open winding permanent magnet synchronous motor after the phase break fault occurs, the traditional zero-sequence current suppression strategy is no longer applicable after the phase break fault occurs. Therefore, a zero-sequence current suppression strategy for a common DC bus under a phase break fault is proposed in this paper. By establishing the mathematical model between the current component in the synchronous coordinate system and the current component and the zero-sequence current in the static coordinate system, the relationship between the non-fault phase current and the zero-sequence current in the open phase fault is analyzed. A method of suppressing the zero-sequence current by using proportional integral double resonance in a zero-sequence current control loop is proposed. In addition, according to the large number of calculations in traditional space vector modulation (SVPWM)—such as sector judgment and coordinate transformation—a decoupling modulation algorithm is proposed to modulate the reference voltage vector. Finally, the experimental platform for the common DC bus open winding permanent magnet synchronous motor is built, and the zero-sequence current suppression method for the common DC bus OW-PMSM under phase break fault is verified experimentally.