Abstract Lithium metal batteries (LMBs) represent the most promising next‐generation high‐energy density batteries. The solid electrolyte interphase (SEI) film on the lithium metal anode plays a crucial role in regulating lithium deposition and improving the cycling performance of LMBs. In this review, we comprehensively present the formation process of the SEI film, while elucidating the key properties such as electronic conductivity, ionic conductivity, and mechanical performance. Furthermore, various approaches for constructing the SEI film are discussed from both electrolyte regulation and artificial coating design perspectives. Lastly, future research directions along with development recommendations are also provided. This review aims to provide possible strategies for the further improvement of SEI film in LMBs and highlight their inspiration for future research directions.