The electrode–electrolyte interface is one of the major components enabling Li‐ion batteries (LIBs) to function reversibly. Often, the solid–electrolyte interphase (SEI) at the anode is regarded as the key interface that determines the cycle life, capacity fade, and overall safety of batteries. There are a plethora of SEI literatures that exist; however, the cathode–electrolyte interphase (CEI) remains relatively unexplored. Unlike in the case of SEI, a detailed understanding of CEI formation and its association with battery performance is not present. This review gives insight into the recent progress in understanding the CEI in LIBs. Though there is a relative dearth of literature, the CEI is generally considered as a heterogeneous multicomponent film formed due to the decomposition of electrolyte at the cathode surface. Besides understanding the thermodynamic properties and relevant kinetic reactions, one of the main challenges lies in developing and stabilizing the CEI layer due to its complex structural composition. Extensive research efforts to engineer a stable CEI are reviewed, including the use of electrolyte additives, artificial engineering, and heteroatom doping of cathode. Furthermore, promising characterization techniques and future outlook in forming a robust CEI for both existing LIB and post‐LIB systems are highlighted.