As anode materials for high‐performance Li‐ion batteries, peapod‐like Ge‐based composites, including Ge, a Li‐inactive conducting Cu3Ge, and a porous carbon matrix are synthesized simply by annealing CuGeO3@dopamine in a H2/Ar atmosphere. The introduction of the carbon layer and inactive alloying phase Cu3Ge not only enhances the electrical conductivity of the Ge anode, but also reduces the volume change of Ge during the cell cycle as a buffer. In particular, the anode of this peapod‐like Cu3Ge/Ge@C shows an excellent long cycle life as well as outstanding capacity performance, with a discharge specific capacity up to 934 mA h g−1 after 500 cycles.