Abstract: To improve the electrochemical kinetics of Nd–Mg–Ni alloy electrodes, the alloy surface was modified with highly conductive reduced graphene oxide (rGO) via a chemical reduction process. Results indicated that rGO sheets uniformly coated on the alloy surface, yielding a three-dimensional network layer. The coated surfaces contained numerous hydrophilic functional groups, leading to better wettability of the alloy in aqueous alkaline media. This, in turn, increased the concentration of electro-active species at the interface between the electrode and the electrolyte, improving the electrochemical kinetics and the rate discharge of the electrodes. The high rate dischargeability at 1500 mA·g^–1 increased from 53.2% to 83.9% after modification. In addition, the modification layer remained stable and introduced a dense metal oxide layer to the alloy surface after a long cycling process. Therefore, the protective layer prevented the discharge capacity from quickly decreasing and improved cycling stability.