Lithium‐ion batteries (LIBs) have revolutionized the way we interact with the world around us. This is in part due to their unrivaled energy density and stability relative to other energy storage chemistries such as lead‐acid, nickel–metal hydride, and nickel–cadmium batteries. Given the drive to reduce greenhouse gas emissions from road transport, LIBs have now transitioned from application in consumer electronics to be the most critical component for electric vehicles (EVs); however, improvements in energy and power density, cost reduction, and lifetime are still required. The key aspects of an LIB that define its performance are mainly the anode, cathode, and electrolyte, however development of the separator and current collectors are also key considerations. In the vast majority of commercially available LIBs, the anode consists mostly of graphite and the cathode mostly of layered transition metal oxides, with an organic electrolyte facilitating the lithium‐ion transport between the two electrodes. This article provides an overview of the state of the art in developing inorganic composite materials for LIBs and concludes by highlighting the current challenges as well as the potential opportunities in the field.