Lithium-ion batteries (LIBs) has extensively utilized in electric vehicles and portable electronics due to their high energy density and prolonged lifespan. However, the current commercial LIBs are plagued by relatively low energy density. High-entropy materials with multiple components have emerged as an efficient strategic approach for developing novel materials that effectively improve the overall performance of LIBs. This article provides a comprehensive review the recent advancements in rational design of innovative high-entropy materials for LIBs, as well as the exceptional lithium ion storage mechanism for high-entropy electrodes and considerable ionic conductivity for high-entropy electrolytes. This review also analyses the prominent effects of individual components on the high-entropy materials’ exceptional capacity, considerable structural stability, rapid lithium ion diffusion, and excellent ionic conductivity. Furthermore, this review presents the synthesis methods and their influence on the morphology and properties of high-entropy materials. Ultimately, the remaining challenges and future research directions are outlined, aimed at developing more effective high-entropy materials and improving the overall electrochemical performance of LIBs.