The present invention is lithium cell with foamed nickel material as current collector and its making process. This kind of lithium cell is obtained through the process including ultrasonic wave treatment, coating, and rolling or negative pressure adsorption to fill active matter, copper powder, PTFE emulsion, distilled water and alcohol into foamed nickel electrode. The lithium cell making process includes main steps of compounding material, filling, drying, pressurizing, etc. The present invention has obviously lowered electrochemical polarization of lithium cell, improved electron conducting path of electrode, improved heavy load work capacity, low temperature performance, lagging characteristic, etc of cell, and raised safety performance.