Solid oxide electrolysis cell (SOEC) is a potential technique to efficiently convert CO 2 greenhouse gas into valuable fuels. Thus, there is significant interest in developing highly active and stable electrocatalysts for the CO 2 reduction reaction (CO 2 RR). Herein, a Ni and F co-doping strategy is proposed to facilitate the exsolution reaction and form a new cathode, Ni−Fe alloy nanoparticles embedded in ceramic Sr 2 Fe 1.5 Mo 0.5 O 6−δ (SFM) doped with fluorine. F-doping and Ni−Fe exsolution enhance CO 2 adsorption by a factor of 2.4 and increase the surface reaction rate constant (k chem ) for CO 2 RR from 6.79 × 10 −5 to 18.1 × 10 −5 cm s −1 , as well as the oxygen chemical bulk diffusion coefficient (D chem ) from 9.42 × 10 −6 to 19.1 × 10 −6 cm 2 s −1 at 800 °C. Meanwhile, the interfacial polarization resistance (R p ) decreases by 52%, from 0.64 to 0.31 Ω cm 2 . At 800 °C and 1.5 V, an extremely high current density of 2.66 A cm −2 and a stability test over 140 h are achieved for direct CO 2 electrolysis in the SOEC.