Abstract: AbstractAs the most successful new energy storage device developed in recent decades, lithium-ion batteries (LIBs) are ubiquitous in the modern society. However, current commercial LIBs comprising mainly intercalated cathode materials are limited by the theoretical energy density which cannot meet the high storing energy demanded by renewable applications. Compared to intercalation-type cathode materials, low-cost conversion-type cathode materials with a high theoretical specific capacity are expected to boost the overall energy of LIBs. Among the different conversion cathode materials, metal fluorides have become a popular research subject for their environmental friendliness, low toxicity, wide voltage range, and high theoretical specific capacity. In this review, we compare the energy storage performance of intercalation and conversion cathode materials based on thermodynamic calculation and summarize the main challenges. The common conversion-type cathode materials are described and their respective reaction mechanisms are discussed. In particular, the structural flaws and corresponding solutions and strategies are described. Finally, we discussed the prospective of metal fluorides and other conversion cathode materials to guide further research in this important field.