The exceptionally high gravimetric capacity of lithium-excess layered cathodes (LLCs) has generated interest in their use in lithiumion batteries (LIBs) for high-capacity applications. Their unique electrochemical and structural properties are responsible for this high capacity, which exceeds the theoretical redox capability of transition metal oxides and have been intensively investigated. However, various fundamental and practical challenges must be overcome before LLCs can be successfully commercialized. The structure of pristine LLCs, which varies with the composition and type of transition metal species used, remains unclear. In addition, the structure continuously changes during electrochemical cycling, which further complicates its understanding. In this review, we discuss the current understanding of LLCs, including their pristine structures, redox chemistries, and structural evolution during cycling, and suggest future research directions to address the critical issues.There has been a recent upsurge of interest in overcoming the current energy density limitation of lithium-ion batteries (LIBs) to address the pressing demand from the electric vehicle and large-scale energy storage system industries. 1-3 As one of the key components of LIBs that govern their performance, cathode materials that are capable of delivering a high energy density have been extensively sought after. 4-16 Although some currently used cathode materials possess a high theoretical capacity (C th ), i.e., LiCoO 2 (LCO, C th = 274 mAh g −1 ), LiNi 0.33 Co 0.33 Mn 0.33 O 2 (NCM, C th = 278 mAh g −1 ), LiNi 0.8 Co 0.15 Al 0.05 O 2 (NCA, C th = 279 mAh g −1 ), LiMn 2 O 4 (LMO, C th = 148 mAh g −1 ), and LiFePO 4 (LFP, C th = 170 mAh g −1 ), the practically usable capacity remains at 100-180 mAh g −1 , as shown in Figure 1, which is insufficient for future applications. As an alternative high-energy cathode, lithium-excess layered cathodes (LLCs) have been intensively studied in recent years. 6-10 Whereas the aforementioned cathode materials, LCO, NCM, NCA, and LFP, have a lithium-to-transition metal (TM) ratio of unity, LLCs have a lithiumto-TM ratio exceeding 1, indicating the possible utilization of more than one Li in the chemical formula unit, which would substantially increase C th . However, the utilization of the excess Li requires an additional redox active center in the material, and most M 4+ /M 5+ (M = Mn, Fe, Co, or Ni) redox reactions occur at a high potential beyond the electrochemical stability window of electrolytes; thus, the "lithium-excess" strategies did not appear suitable for achieving high capacity. Nevertheless, most reported LLCs exhibit exceptionally high reversible capacities exceeding 250 mAh g −1 , which far surpass the C th values calculated based on the redox capabilities of the TM ions.This unique property of LLCs and their consequent high capacities have attracted significant attention from the community, and extensive investigations have been conducted accordingly. These investigations primarily focused ...