A hybrid lithium-ion battery/capacitor cell comprising at least a pair of graphite anodes assembled with a lithium compound cathode and an activated carbon capacitor electrode can provide useful power performance properties and low temperature properties required for many power utilizing applications. The graphite anodes are formed of porous layers of graphite particles bonded to at least one side of current collector foils which face opposite sides of the activated carbon capacitor. The porous graphite particles are pre-lithiated to form a solid electrolyte interface on the anode particles before the anodes are assembled in the hybrid cell. The pre-lithiation step is conducted to circumvent the irreversible reactions in the formation of a solid electrolyte interface (SEI) and preserve the lithium content of the electrolyte and lithium cathode during formation cycling of the assembled hybrid cell. The pre-lithiation step is also applicable to other anode materials that benefit from such pre-lithiation.