In this research, the 18650 cells contained commercialized LiMn2O4 or LiFePO4 cathodes and MCMB anodes were made, and the electrochemical performance and fading mechanism of the cells were analyzed. From the results, it could be concluded that LiMn2O4 possessing smaller particle size shows better discharge efficiency at large current, while the low-conductivity LiFePO4 material exhibits the worst performance. In addition, from the analysis of fading mechanism, it reveals the metal-doped LiMn2O4 could provide longer cycle life and less Mn dissolution under high temperature test. Compared to LiMn2O4, LiFePO4 behaves better cyclability in the high temperature environment because of ten times less metal (Fe) dissolution.