The electrochemical properties of the Fe
2O
3@N-C were first studied by cyclic voltammetry (CV) in the voltage range of 0.01-3.00 V (
vs. Li
+/Li) at a scan rate of 0.1 mV/s (
Fig. 3A). The sharp peak observed in the first sweep cycle at 0.61 V can be attributed to the formation of a solid electrolyte interphase (SEI) film and the reduction of Fe
3+ to Fe
0, and the anodic peak at 1.65 V is related to the oxidation of Fe
0 to Fe
3+ [
30-
32]. In the subsequent 2
nd and 3
rd cycles, the cathodic and anodic peaks shift to 0.94 V and 1.71 V, respectively, implying the improved electrical contact between the electrolyte and electrodes and irreversible phase transformation [
33,
34]. The well-overlapped CV curves in the 2
nd and 3
rd cycles indicate good electrochemical reversibility. The charge-discharge profiles of the Fe
2O
3@N-C electrode at different cycles under a current density of 1.0 A/g are shown in
Fig. 3B. In the first cycle, the Fe
2O
3@N-C shows a voltage plateau at 0.7 V that is related to the reduction of Fe
2O
3 and the formation of the SEI layer. Interestingly, the subsequent 2
nd, 3
rd and 100
th charge-discharge profiles almost have a similar voltage plateau at approximately 1.0 V that originates from either textural modifications or the drastic lithium-driven structural change [
35]. Then, the voltage plateau of 300
th drops to about 0.85 V mainly attributing to the alteration in the polarization arising from the SEI film. The Fe
2O
3@N-C electrode delivers an initial discharge-charge capacity of 1371.6/806.3 mAh/g with an initial coulombic efficiency (CE) of 58.4%. Then, the discharge capacity gradually increases to 1000 mAh/g after 300 cycles with high CEs of approximately 99.5%, demonstrating its long-term cycling reversibility. This phenomenon can be related to the continuous activation of Fe
2O
3, along with long-term cycling stability [
36,
37]. Furthermore, the long-term cycling stability tests were also carried out at a current density of 1.0 A/g in order to evaluate the performance of the electrodes in LIBs. As shown in
Fig. 3C, the Fe
2O
3@N-C anode retains a reversible capacity of 803.6 mAh/g after 1100 cycles. Comparison to the reports shows that the cycling performance of Fe
2O
3@N-C is better than those of some reported ferric oxide-based anode materials (Table S1 in Supporting information). The pure Fe
2O
3 anode shows a significant capacity decay (only 274.5 mAh/g after 300 cycles), further confirming the importance of the carbon shell and cavity for cycle stability. The rate capability of the Fe
2O
3@N-C electrode was investigated in order to examine the suitability of this electrode for practical applications. As shown in
Fig. 3D, the Fe
2O
3@N-C electrode exhibits the average capacities of 951.7, 838.3, 768.9, 708.7, 627.3 and 324.9 mAh/g at the current densities of 0.1, 0.2, 0.5, 1.0, 2.0 and 5.0 A/g, respectively. Subsequently, a higher capacity of 1035.6 mAh/g can be obtained when the current density returns to 0.1 A/g, demonstrating its high rate capability (
Fig. 3D). By contrast, the Fe
2O
3-700 electrode exhibits lower capability than that of the Fe
2O
3@N-C electrode, which exhibits the average specific capacities of 825.1, 717.4, 638.4, 561.2, 488.6 and 342.3 mAh/g at the current densities of 0.1, 0.2, 0.5, 1.0, 2.0 and 5.0 A/g, respectively, and returns to the capacity of 840 mAh/g at 0.1 A/g.