In order to solve the problem of insufficient strength and electrical conductivity of Cu–Al composites, C18150 Cu/8011 Al/C18150 Cu composites with a thickness of 1.6 mm were fabricated by cast rolling method in this paper, followed by cold rolling and annealing. The interfacial microstructure and precipitation behavior were analyzed through electron backscatter diffraction, scanning electron microscopy, and transmission electron microscopy in detail. The research results show that the three-layer interfaces from the Al layer to the Cu layer are Al2Cu, AlCu, and Al4Cu9, respectively. The interface of the Al layer and Al2Cu layer demonstrate a coherent matching relation, the interface of the Al2Cu layer and AlCu layer shows a semi-coherent matching relation, and the interfaces between AlCu and Al4Cu9, and Al4Cu9 and Cu, are incoherent matching relation. In addition, the Al2Fe3Si4 and Cr precipitations were formed in the composites. The composites exhibit extremely outstanding strength-plasticity-conductivity, and the tensile strength and elongation are 295 MPa and 21%, respectively. The electrical conductivity of the Cu and Al layers is 90.6% and 47.6% according to the International Copper Standard, respectively. This study is useful in guiding the further development and application of high-strength and high-conductivity Cu/Al laminated composites.