CoO emerges as a promising anode material for lithium-ion batteries (LIBs) because of high theoretical specific capacity and rich resource. However, its practical application is impeded by significant volume expansion and poor electrical conductivity during the charging and discharging cycles. Herein, we construct a nanocomposite of CoO nanocrystals and N-doped carbon serving as an enhanced anode for LIBs by a facile strategy. In the nanocomposite, CoO nanocrystals with average size of 60 nm uniformly were dispersed in N-doped carbon networks. The synergy effects of CoO nanocrystals and N-doped carbon networks can extremely enhance electronic conductivity, relieve volume expansion, and effectively protect CoO nanocrystals from aggregating. Hence, the composite anode delivers large reversible capacity (1190 mAh g−1 at 0.3 A g−1 after 100 cycles), remarkable rate capability (592 mAh g−1 at 5 A g−1), and long cycling ability. This offers a simple approach for designing high-performance anodes for LIBs.