Expanded graphites were used as anode materials of high power Li-ion secondary battery. The expanded graphite was prepared by mixing the graphite with HClO4 as a intercalation agents and KMnO4 as a oxidizing agents. The physical and electrochemical properties of prepared expanded graphites through the variation of process variables such as contents of intercalation agent and oxidizing agent, and heat treatment temperature were analyzed for determination of optimal conditions as the anode of high power Li-ion secondary battery. After examing the electrochemical properties of expanded graphites at the different preparing conditions, the optimal conditions of expanded graphite were selected as 8 wt.% of oxidizing agent, 400 g of intercalation agent for 20 g of natural graphite, and heat treatment at 1000℃. The sample showed the improved charge/discharge characteristics such as 432 mAh/g of initial reversible capacity, 88% of discharge rate capability at 10 C-rate, and 24 mAh/g of charge capacity at 10 C-rate. However, the expanded graphite had the problems of potential plateaus like natural graphite and lower initial efficiency than the natural graphite.