The current situation of the nanopowders production technology based on the process of electrical explosion of wires is described. The advantages and disadvantages of the electroexplosive technology are indicated. The results of studies characterizing the effect of the electrical explosion conditions on the nanopowders properties are presented, including latest results: conditions of nanopowders passivation, conditions of nanopowders production having narrow size distribution, the methods of nanopowders diagnostic and standartization. In addition, the application and area of future research on this technology are proposed.