In recent years, flexible and wearable electronics such as smart cards, smart fabrics, bio‐sensors, soft robotics, and internet‐linked electronics have impacted our lives. In order to meet the requirements of more flexible and adaptable paradigm shifts, wearable products may need to be seamlessly integrated. A great deal of effort has been made in the last two decades to develop flexible lithium‐ion batteries (FLIBs). The selection of suitable flexible materials is important for the development of flexible electrolytes self‐supported and supported electrodes. This review is focused on the critical discussion of the factors that evaluate the flexibility of the materials and their potential path toward achieving the FLIBs. Following this analysis, we present how to evaluate the flexibility of the battery materials and FLIBs. We describe the chemistry of carbon‐based materials, covalent‐organic frameworks (COFs), metal‐organic frameworks (MOFs), and MXene‐based materials and their flexible cell design that represented excellent electrochemical performances during bending. Furthermore, the application of state‐of‐the‐art solid polymer and solid electrolytes to accelerate the development of FLIBs is introduced. Analyzing the contributions and developments of different countries has also been highlighted in the past decade. In addition, the prospects and potential of flexible materials and their engineering are also discussed, providing the roadmap for further developments in this fast‐evolving field of FLIB research.