Si is a next‐generation ideal anode material for Li‐ion batteries (LIBs) because of its high‐theoretical capacity (4200 mAh/g) and natural abundance. However, severe volume expansion and unstable solid electrolyte interface (SEI) film formation during lithiation/delithiation, and poor electron conductivity have significantly restricted the commercial application of Si. In this study, transition metal‐coated Si was synthesized and used as the anode material of LIBs. The transition metal salt of Ni was dissolved in an aqueous solution and used to coat the metal surface of Si nanoparticles. The coating was achieved by dropwise addition of metal solutions into Si dispersions. Thereafter, carbon nanofibers (CNFs) were grown on the transition metal‐coated Si nanoparticles via chemical vapor deposition method. The morphologies, compositions, and crystal quality of transition metal@Si/CNFs composites were characterized by transmission electron microscopy, scanning electron microscopy, x‐ray diffraction, Raman spectroscopy, and thermogravimetric analysis. The electrochemical characteristics of the hybrid anodes were investigated using a coin cell and battery tester. Voltage profile measurements at 0.1 A/g of 0.02 M‐Ni@Si/CNFs composite showed satisfactory initial Coulombic efficiency of 85.6%; 0.01 M‐Ni@Si/CNFs composite exhibited high initial capacity of 1300.9 mAh/g retained to 828.4 mAh/g after 100 cycles, corresponding to 63.7% capacity retention. Even at high current densities, the 0.02 M‐Ni@Si/CNFs composite delivered 342.78 mAh/g of capacity at 5 A/g. This work realizes a Si‐based hybrid anode from Ni‐coated Si catalyst used for direct CNFs synthesis with a stable SEI layer, superior initial Coulombic efficiency with satisfactory cycle and rate performance suitable for commercialized advanced battery applications.