A series of poly(ethylene terephthalate-co-ethylene sebacate)s (PESeT)s were synthesized. First of all, the chemical structures of these prepared copolymers were characterized by NMR, FTIR and IV measurements. Then, the Tm, Td, Tg, crystalline state and mechanical properties of them were analyzed via DSC, TGA, DMA, WXRD and tensile test, respectively. Through the in vitro enzyme degradation test, the biodegradability of the polymers were estimated. The result shows that the biodegradability of the PESe better than PET obviously. While the mole ratio of SeA equal to that of TPA, the PESeTs possess great integral mechanical properties. In this work, the biodegradable high performance elastomers were produced from the biobased sebacic acid. These PESeTs are one of the candidate materials for a novel environmentally friendly thermoplastic elastomer.