Deep insights into molecular structures and dynamics were obtained for lithium dimers and lithium hydrides by sub‐Doppler spectroscopy combining molecular beams and cw tunable laser beams. For 7Li7Li species, accurate spectroscopic studies of the B 1Πu‐X 1Σg+ system were carried out, with the measurement of hundreds of wave numbers and with the determination of dissociation rates due to tunneling through the potential barrier of the B 1πu state. They led to the full description of the B state potential, including its barrier. For 6Li7Li species, weak but non‐negligible dissociation rates in the B 1Πu state were observed, measured and interpreted assuming that an electronic coupling between the B 1Πu and 1 1Πg states takes place through an ungerade‐gerade symmetry breaking. For LiH species, the A 1Σ+‐X 1 Σ+ system was revisited for both isotopomers. For this molecule, dynamical effects are predicted in highly‐excited Rydberg states, that could be studied by use of similar sub‐Doppler techniques.