The cathode materials of lithium-ion batteries are developing towards the direction of high energy density, long cycle life, low cost and environment friendly. As a potential ‘green’ cathode material for lithium-ion power batteries in the 21st century, olivine-type lithium iron phosphate (LiFePO 4 ) become more attractive recently for its high theoretical capacity (170mAhg −1 ), stable voltage plateau of 3.5V vs. Li/Li + , good stability both at room temperature and high temperature, excellent cycling performance, high safety, low raw material cost, no pollution, and rich source of raw materials, etc. This paper introduces the research progress in recent years on the structure and performance, synthesizing methods, carbon-coating, ion-doping and particle size control. Furthermore, the prospect of LiFePO 4 cathode material for the lithium-ion batteries is reviewed. (i) Preparation process of LiFePO 4 (including high temperature solid-phase method, sol–gel method, microwave method, hydrothermal method, carbothermal reduction method, spray pyrolysis method and other synthesis routes). (ii) Progress on modification of LiFePO 4 (three modification strategies including carbon coating, metal particle or ion doping and the optimization of the particle size and morphology). (iii) Finally, the trend of research and development of LiFePO 4 is also pointed out (the follow-up studies should be directed at the theoretical study and process improvement).