Dependence on lithium‐ion batteries for automobile applications is rapidly increasing, and further improvement, especially for positive electrode materials, is indispensable to increase energy density of lithium‐ion batteries. In the past several years, many new lithium‐excess high‐capacity electrode materials with rocksalt‐related structures have been reported. These materials deliver high reversible capacity with cationic/anionic redox and percolative lithium migration in the oxide/oxyfluoride framework structures, and recent research progresses on these electrode materials are reviewed. Material design strategies for these lithium‐excess electrode materials are also described. Future possibility of high‐energy non‐aqueous batteries with advanced positive electrode materials is discussed for more details.