The ability to quickly and accurately estimate the state of charge (SOC) of lithium batteries is a key function of the battery management system (BMS). To enhance the accuracy of SOC estimation for lithium batteries, we propose a method that combines the dynamic factor recursive least squares (DFFRLS) algorithm and the strong tracking H-infinity filtering (STF-HIF) algorithm. To address the issue of fixed forgetting factors in recursive least squares (RLS) that struggle to maintain both fast convergence and stability in battery parameter identification, we introduce dynamic forgetting factors. This approach adjusts the forgetting factor based on the residuals between the model’s estimated and actual values. To improve the H-infinity filtering (HIF) algorithm’s poor performance in tracking sudden state changes, we propose a combined STF-HIF algorithm, integrating HIF with strong tracking filtering (STF). Simulation experiments indicate that, compared to the HIF algorithm, the STF-HIF algorithm achieves a maximum absolute SOC estimation error (MaxAE) of 0.69%, 0.72%, and 1.22%, with mean absolute errors (MAE) of 0.27%, 0.25%, and 0.38%, and root mean square errors (RMSE) of 0.33%, 0.30%, and 0.46% under dynamic stress testing (DST), federal urban driving schedules (FUDS), and Beijing dynamic stress testing (BJDST) conditions, respectively.