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Lithium- (Li-) ion batteries have revolutionized our daily life towards wireless and clean style, and the demand for batteries with higher energy density and better safety is highly required. The next-generation batteries with innovatory chemistry, material, and engineering breakthroughs are in strong pursuit currently. Herein, the key historical developments of practical electrode materials in Li-ion batteries are summarized as the cornerstone for the innovation of next-generation batteries. In addition, the emerging electrode materials for next-generation batteries are discussed as the revolving challenges and potential strategies. Finally, the future scenario of high-energy-density rechargeable batteries is presented. The combination of theory and experiment under multiscale is highlighted to promote the development of emerging electrode materials.