A new approach is described for the production of poly(ethylene) (PE) derived carbon fibers (CFs) that entails the melt spinning of PE fibers from a suitable precursor, their cross‐linking by electron beam (EB) treatment, and sulphurization with elemental sulphur (S8), followed by pyrolysis and carbonization. Instead of focusing on mechanical properties, analysis of CF structure formation during all process steps is carried out by different techniques comprising solid‐state nuclear magnetic resonance spectroscopy, thermogravimetric analysis coupled to mass spectrometry/infrared spectroscopy, elemental analysis, energy dispersive X‐ray scattering, scanning electron microscopy, Raman spectroscopy, and wide‐angle X‐ray diffraction. A key step in structure formation is the conversion of PE into poly(thienothiophene)s during sulphurization; these species are stabile under inert gas up to 700 °C as confirmed by Raman analysis. Above this temperature, they condense into poly(napthathienophene)s, which are then converted into graphite‐type structures during pyrolysis.