As the alloy with the most suitable Ni/(La+Mg) ratio has higher capacity and good cycle stability, the effects of Ni/(La+Mg) ratios on the electrochemical performances of the La 0–80 Mg 0–20 Ni x (x = 3. 5 to 5.0) alloys have been investigated to find the most suitable Ni/(La+Mg) ratio. The results of XRD and SEM observations show that the phase composition of the alloys varies with different Ni/(La+Mg) ratios. When Ni/(La+Mg) is not more than 4.25, all the alloys contain La Ni 5 and (La, Mg) 2 Ni 7 phases, in addition, the LaMg and (La, Mg)Ni 3 phases exist in the x = 3.5 and 3.75 alloys, respectively. The LaMg 2 Ni 9 phase exists in the x = 4.25 alloy. There are the LaNi 5 and LaMg 2 Ni 9 phases in the x = 4.5, 4.75, and 5.0 alloys. The phase abundance and cell volume change with different Ni content. When the Ni/(La+Mg) ratio is not more than 4. 25, the alloys possess excellent activation capability, however, the activation capabilities of the alloys decrease with a further increase in the Ni/(La+Mg) ratio. With increasing the Ni/(La+Mg) ratio, the maximum discharge capacities, the medium voltages, and the cycle stabilities of the alloys first increase and then decrease. When the Ni/(La+Mg) ratio is 3. 75, the corresponding alloy has the maximum discharge capacity among all the alloys. However, the cycle stability of the Ni/(La+Mg) = 4. 0 alloy is better than that of the others.