Lithium-ion batteries (LIBs) are the most commonly used type of rechargeable batteries with a global market estimated at $11 billion, which is predicted to grow to $60 billion by 2020. The global commercialization of Li-ion batteries is impeded by issues such as poor cycle life (5000 cycles achieved in some LIBs) in high energy and power density applications because of the rising internal resistance due to aging and safety concerns such as overcharge which ultimately leads to thermal runaway and explosions. A battery’s performance mainly depends on external factors such as electrode thickness and degree of compacting, and the type of conductive additive and electrolyte mixture used, and internal factors such as its internal temperature and state of charge. The performance suffers due to aging or erroneous mechanisms such as decomposition of the electrode or electrolyte material affecting the lifetime. In this thesis, an attempt is made to improve the lifetimes of the Li-ion batteries by incorporating suitable electrolyte additives, which were incorporated in the battery electrolyte to prevent overcharge. Also, several conductive electrode additives were incorporated as filler materials in an anode to explore the effects on its discharge capacities.