In this study, a core−shell structured multiwall carbon nanotube@reduced graphene oxide nanoribbon (MWCNT@rGNR) was prepared by the facile unzipping of MWCNTs with mild conditions to synthesize the composites of the MWCNT@rGNR and polypyrrole (PPy) or MoSe 2 , which were used as the electrocatalysts for the counter electrodes (CEs) in dye-sensitized solar cells (DSSCs). The transmission electron microscopy image of the MWCNT@rGNR showed a graphene sheet structure found on both sides of the MWCNTs, indicating a central core of the MWCNTs and its shell of the rGNR. The obtained MWCNT@rGNR functionalized with PPy or MoSe 2 was envisaged to have the advantages of both component, that are the unique electronic structure of the MWCNT@rGNR and the synergistic effects of conductive PPy or electrocatalytically active MoSe 2 , respectively. The DSSCs with PPy/MWCNT@rGNR 0.3 and MoSe 2 /MWCNT@rGNR 0.3 showed comparable efficiency (photoelectric conversion efficiency, PCE = 7.48 and 8.34%, respectively), short-circuit current (I sc = 17.97 and 17.11 mA cm −2 , respectively), and open-circuit voltage (V oc = 0.80 and 0.84 V, respectively) without any loss of the fill factor (FF = 0.52 and 0.58, respectively) as compared to the cell fabricated using a standard Pt electrode. The PCE of a standard Pt CE was 7.70% with an I sc of 16.09 mA cm −2 , V oc of 0.76 V, and FF of 0.63. According to the results of the electrochemical measurements, composites with PPy or MoSe 2 showed better electrocatalytic activity, higher redoxactive surface area, and extremely large heterogeneous electron transfer rate constant. The plastic devices assembled with the PPy/ MWCNT@rGNR 0.3 and MoSe 2 /MWCNT@rGNR 0.3 coated on a flexible plastic substrate (indium tin oxide-coated polyethylene naphthalate; ITO/PEN)exhibited impressive PCEs of 4.61 and 5.25%, respectively, comparable to those coated on the rigid fluorinedoped tin oxide glass substrate. This work presented a facile low-temperature method to fabricate high-performance MWCNT@ rGNR composite-based CEs to make them applicable to large-scale plastic DSSCs.