Commercially, lithium-ion batteries are the most popular batteries for electric devices, while energy density and stability have become more important for electric vehicles. Therefore, there is an increased interest in producing advanced lithium-ion batteries with a greater range of electric storage capability and improved electron transfer efficiency. Over the past few years, nanotechnology has been widely applied to enhance the physical properties of materials through the application of surface treatments or the modification of nanostructures. The significant development potential of nanotechnic applications for lithium-ion batteries is the reason for this discussion. There have been several advancements in graphene, carbon nanotubes, silicon-based and other metal-based anodes, lithium cobalt oxide, lithium iron phosphate, and nickel-based cathodes, their fabrication processes and understanding of mechanisms, as well as trends for further improvement of those previously discovered. These advancements have led to the development of batteries with greater capacity and greater performance, better stability, quicker charging times, and a longer cycle life.