The invention discloses a composite battery comprising a battery shell, wherein a positive terminal and a negative terminal are arranged on the battery shell; a matrix battery, a super capacitor and a voltage-sharing circuit board are also arranged in the battery shell; the matrix battery, the super capacitor and the voltage-sharing circuit board are in parallel connection and form electric connection; a positive terminal and a negative terminal on the voltage-sharing circuit board are respectively electrically connected with the anode and the cathode of the super capacitor; the anode and the cathode of the matrix battery are correspondingly and electrically connected with the positive terminal and the negative terminal on the battery shell; and the matrix battery can be a lead-acid battery, a lithium ion battery or a nickel-metal hydride battery. The composite battery has the advantages of high energy and power, low temperature resistance, matrix battery protection, long service life, energy recovery, energy saving and emission reduction, and resource saving, and is applied to electric starting systems, electric drive systems, uninterruptable power output, the starting of tractors and the recovery of the brake energy of motor vehicles. The preparation method has the advantages of simple process and low cost and is suitable for preparing the composite battery of industrial production.