A ZrB2-copper-graphite composite was produced through powder metallurgy and was tested as a new electric brush material. The aim of this paper was to study the effect of ZrB2 addition on the composite's properties. Besides its physical properties such as density and resistivity, its mechanical properties, such as hardness, bending strength and wear resistance, were studied. A scanning electron microscope (SEM) was used to study the morphology of the wear surface, and a configured energy-dispersive spectrometer (EDS) was used to research the chemical composition of the samples. The results showed that, with the addition of ZrB2, the composite's properties such as density, resistivity, hardness, and bending strength improved significantly. Compared with samples without ZrB2, samples with the addition of 4% ZrB2 achieved a hardness of 87.5 HRA, which was improved by 45.8%, and a bending strength of 53.1 MPa, which was increased by nearly 50.0%. Composites with 1% content of ZrB2 showed the best wear resistance under non-conductive friction; however, under conductive friction, composites with 4% content of ZrB2 showed better wear resistance.