A three-electrode Li-ion cell with metallic lithium as the reference electrode was designed to study the charging process of Li-ion cells. The cell was connected to three independent testing channels, of which two channels shared the same lithium reference to measure the potentials of anode and cathode, respectively. A graphite/LiCoO2 cell with a C/A ratio, i.e., the reversible capacity ratio of the cathode to anode, of 0.985 was assembled and cycled using a normal constant-current/constant-voltage (CC/CV) charging procedure, during which the potentials of the anode and cathode were recorded. The results showed that lithium plating occurred under most of the charging conditions, especially at high currents and at low temperatures. Even in the region of CC charging, the potential of the graphite might drop below 0V versus Li+/Li. As a result, lithium plating and re-intercalating of the plated lithium into the graphite coexist, which resulted in a low charging capacity. When the current exceeded a certain level (0.4C in the present case), increasing the current could not shorten the charging time significantly, instead it aggravated lithium plating and prolonged the CV charging time. In addition, we found that lowering the battery temperature significantly aggravated lithium plating. At −20°C, for example, the CC charging became impossible and lithium plating accompanied the entire charging process. For an improved charging performance, an optimized C/A ratio of 0.85–0.90 is proposed for the graphite/LiCoO2 Li-ion cell. A high C/A ratio results in lithium plating onto the anode, while a low ratio results in overcharge of the cathode.