With the Keggin structure PMo 12 O 40 3− of phosphomolybdic acid (PMA) taken into account, the interfacial physicochemical property of PMA was adjusted through Li-ion exchange, and then Liexchanged PMA was adopted to modify the cathode material LiNi 0.9 Mn 0.1 O 2 (NM91) via the solid-phase method, aiming at improving the rate performance and cycling stability of the cathode. The optimal ion-exchanged PMA (PMA-e2)-modified NM91 (named 91PMA-e2) shows an initial discharge capacity of 216.6 mAh g −1 at 0.1 C and a capacity retention of 84.8% after 100 cycles (1 C and 2.8−4.5 V) as well as the best rate performance, which is superior to those of pristine NM91. With characterization by X-ray diffraction (XRD), X-ray photoelectron spectroscopy, high-resolution transmission electron microscope, in situ XRD measurements, etc., it indicates that PMA-e2 modification can reduce the Li/Ni mixing degree but enlarge the thickness of the lithium layer (T LiOd 6 ) and facilitate Li + diffusion. The results suggest that the Keggin structure of PMA as well as the acidity property and priority adsorption toward water molecules are associated with the Li-ion exchange degree. In combination with the depth-profiling XPS measurement of the spent samples experienced in 300 cycles, it illustrates that spent 91PMA-e2 possesses higher amounts of LiF and Ni 3+ but a lower amount of Li x PO y F z , which are due to the coating layer generated from the Keggin structure of PMA-e2. Such a Keggin structure has the capacity to trap trace amounts of water and inhibit the hydrolysis reaction of PF 5 , consequently maintaining the stable structure of the cathode and achieving superior cycling retention.