Graphene nanosheets (GNSs) were prepared from artificial graphite by oxidation, rapid expansion and ultrasonic treatment. The morphology, structure and electrochemical performance of GNSs as anode material for lithium-ion batteries were systematically investigated by high-resolution transmission electron microscope, scanning electron microscope, X-ray diffraction, Fourier transform infrared spectroscopy and a variety of electrochemical testing techniques. It was found that GNSs exhibited a relatively high reversible capacity of 672mAh/g and fine cycle performance. The exchange current density of GNSs increased with the growth of cycle numbers exhibiting the peculiar electrochemical performance.