The invention is a method of preparing lithium ion cell anode material-nickel cobalt acid lithium, and its characteristic: in the proportion of its formula, A-group matters: water-soluble lithium salt which is one of the lithium chloride, lithium sulphate, lithium nitrate and lithium acetate, water cobalt salt which is one of the cobalt chloride, cobalt sulphate, cobalt nitrate and cobalt acetate, and water nickel salt which is one of the nickel chloride, nickel sulphate, nickel nitrate and nickel acetate, the molar ratio of the three matters is 1.00-1.1 : 0.2-0.3 : 0.8-0.7; B-group matters: complexant is one of the oxalic acid, tartaric acid, citric acid, succinic acid, malonic acid, and maleic acid; the molar ratio of A to B is 1.0 : 0.6 -0.8; C-group polymers: gelatin, modified starch and polyvinyl alcohol. The beneficial effects: it can effectively reduce cost and the made LiNi1-yCoyO2 has the advantages of both LiCoO2 and LiNiO2, i.e. easy to synthesize, stable-property, high-specific capacity (higher than that of LiCoO2 by above 20%), etc. Additionally, because the use of Co is reduced, thus it reduces the environmental pollution. Therefore, LiNi1-yCoyO2 has a great hope of becoming the preferred substitute for LiCoO2, and its market demand is quite considerable.