LiNi0.5Mn1.5O4 and LiNi0.45M0.10Mn1.45O4 (M=Fe, Co, Cr) powders are prepared and systematically investigated as 5V cathode materials for lithium-ion batteries. X-ray diffraction, Raman spectroscopy and scanning electron microscopy are employed to study their structures. The electrochemical cyclic performance and rate capability at room temperature and 55°C are characterized and compared. The results indicate that the introductions of Fe, Co or Cr ions favor the crystal structure of the spinel in a F d 3 ¯ m symmetry compared with a symmetry of P4332 for the un-doped LiNi0.5Mn1.5O4. Excellent cycle life is measured for these 5V Co- and Fe-doped electrodes. When cycled at 1C rate, about 95.9%, 93.1% and 81.7% of their initial capacities can be retained after 500 cycles for LiNi0.45Co0.10Mn1.45O4, LiNi0.45Fe0.10Mn1.45O4 and LiNi0.45Cr0.10Mn1.45O4, respectively. Their electrochemical performances at 55°C are also much better than the un-doped sample. Three possible capacity fading mechanisms including structural transformation, the dissolution of the spinel into the electrolyte, and the oxidation of the electrolyte are discussed. The decomposition of the electrolyte is regarded as the most important mechanism.