Considered herein is a multi-component Novikov equation, which admits bi-Hamiltonian structure, infinitely many conserved quantities and peaked solutions. In this paper, we deduce two blow-up criteria for this system and global existence for some two-component case in H s . Finally we verify that the system possesses peakons and periodic peakons.Correspondence should be addressed to Yuxi Hu; hu-yuxi@163.comNovikov equation was derived by Novikov, used the perturbative symmetry approach in classification of nonlocal PDES with three order nonlinearity. It should be note that Novikov equation is not symmetrical, which means (u, x) (−u, −x). Another interesting reduction for (2) is DP equation if we take v = 1,The DP equation was derived by Degasperis and Procesi [6] by applying the method of asymptotic integrability to a three order dispersive PDE. A big feature for DP equation is shock peakon [7,8] u(t, x) = − 1 t + k sgn(x)e −|x| .