In response to the anticipated scarcity of terrestrial land resources in the coming years, the acquisition of marine mineral resources is imperative. This paper mainly summarizes the development of underwater collection and transportation equipment of polymetallic nodules in deep-sea mining. Firstly, the collection equipment is reviewed. The deep-sea mining vehicle (DSMV), as the key equipment of the collection equipment, mainly includes the collecting device and the walking device. The micro and macro properties of sediments have a great influence on the collection efficiency of mining vehicles. For the collecting device, the optimization of the jet head structure and the solid–liquid two-phase flow transport of the hose are discussed. The structure of the walking device restricts mining efficiency. The optimization of the geometric structure is studied, and the geometric passability and lightweight design of the walking device are discussed. Secondly, the core of transportation equipment is the lifting device composed of a riser and lifting pump. In order to explore the key factors affecting mineral transport, the lifting device is summarized, and the design optimization of the lifting pump and the factors affecting the stability of the riser are discussed. Then, the relationship between each device is discussed, and the overall coupling of the device is summarized. Finally, the existing problems and future research focus are summarized.