Lithium-ion batteries (LIBs) have been employed in many fields including cell phones, laptop computers, electric vehicles (EVs) and stationary energy storage wells due to their high energy density and pronounced recharge ability. However, energy and power capabilities of LIBs decrease sharply at low operation temperatures. In particular, the charge process becomes extremely sluggish at temperatures below −20 °C, which severely limits the applications of LIBs in some cold areas during winter. Extensive research has shown that the electrolyte/electrode composition and microstructure are of fundamental importance to low-temperature performances of LIBs. In this report, we review the recent findings in the role of electrolytes, anodes, and cathodes in the low temperature performances of LIBs. Our overview aims to understand comprehensively the fundamental origin of low-temperature performances of LIBs from a materials perspective and facilitates the development of high-performance lithium-ion battery materials that are operational at a large range of working temperatures.