Lithium ion batteries with lithium nickel cobalt manganese oxide (NCM) cathode were characterized by extensive cycling (>2000 cycles), discharge rate test, hybrid pulse power characterization test (HPPC), and electrochemical impedance spectroscopy (EIS). The crystal structure, morphology and particle size of cathode materials were characterized by X-ray diffraction and scanning electron microscopy (SEM). It was demonstrated that the rate performance and cycle life of battery are closely related to the cathode material composition and electrode design. With proper selection of cathode composition and electrode design, the lithium ion battery cell achieved close to 3500 cycles with 85% capacity retention at 1C current.