Li-Ion battery is used in the most satellites now due to advantages such as weight, thermal dissipation and self discharge compared to the previous generations of electrochemical batteries. The performance analysis model of the Li-Ion battery is needed to aid the design of new satellite electrical power subsystem. This paper develops the performance analysis model of the Li-Ion battery to apply to the electrical power subsystem design and energy balance analysis on geostationary orbit. The analysis model receives the satellite bus power, solar array power and battery temperature and gives the battery voltage, charge and discharge currents, taper index, state of charge and power dissipation. The results from the performance analysis are compared and analyzed with the flight data to verify the model. The compared results show satisfactory without significant difference with the flight data.