The effect of anomalous diffusion of lithium on the discharge curves and impedance spectra of lithium-ion batteries (LIB) is studied within the fractional differential generalization of the single-particle model. The distribution of lithium ions in electrolyte and electrode particles is expressed through the Mittag–Leffler function and the Lévy stable density. Using the new model, we generalize the equivalent circuit of LIB. The slope of the low-frequency rectilinear part of the Nyquist diagram does not always unambiguously determine the subdiffusion index and can be either larger or smaller than the slope corresponding to normal diffusion. The new aspect of capacity degradation related to a change in the type of ion diffusion in LIB components is discussed.