Regenerative braking is one of main performance modes, which can reduce fuel consumption and emission. A dynamics braking control model is built for hybrid electric vehicle with ISG, an off-line simulation is completed. A regenerative braking rig in dSPACE environment is built on the hybrid electric powertrain. The tests and analyses for different speed, deceleration shift and clutch state is completed in a Hardware-In-Loop simulation, which lays a foundation for the optimization of regenerative braking control strategy for HEV.