The invention discloses a lithium ion battery electrolyte suitable for a NCM811 and SiO-C material system and a preparation method. In the electrolyte of the present invention, an organic solvent composed of ethyl methyl carbonate, diethyl carbonate, and ethylene carbonate, a lithium salt composed of lithium hexafluorophosphate and lithium difluorophosphate, and an additive composed of vinylene carbonate, fluoroethylene carbonate, ethylene sulfate, and 1,3-propane sultone are compounded in a certain proportion, and cooperate to react, during a lithium ion battery cycle, on the surface of NCM811 and SiO-C and form a stable solid electrolyte protective film to prevent direct contact between the electrolyte and NCM811 and SiO, thereby reducing the side reactions between the electrode and theelectrolyte, and reducing the phase transition and volume change of the material, and further improving the cycling performance of the lithium ion battery. Experimental results show that by using theelectrolyte of the present invention, the lithium ions of the NCM811 and SiO-C material system has a capacity retention rate of more than 90% after 500 cycles of 1C/1C at room temperature, and has excellent cycle performance.