Single-atom catalysts (SACs) with high atom utilization and outstanding catalytic selectivity are useful for improving battery performance. Herein, atomically dispersed Ni−N 4 and Fe−N 4 dual sites coanchored on porous hollow carbon nanocages (Ni−Fe−NC) are fabricated and deployed as the sulfur host for Li−S battery. The hollow and conductive carbon matrix promotes electron transfer and also accommodates volume fluctuation during cycling. Notably, the high d band center of Fe in Fe−N 4 site demonstrates strong polysulfide affinity, leading to an accelerated sulfur reduction reaction. Meanwhile, Li 2 S on the Ni−N 4 site delivers a metallic property with high S 2p electron density of states around the Femi energy level, enabling a low sulfur evolution reaction barrier. The dual catalytic effect on Ni−Fe−NC endows sulfur cathode high energy density, prolonged lifespan, and low polarization.