In this work, we prepared the single-phase Pr 2 MgNi 9 , Pr 3 MgNi 14 and Pr 4 MgNi 19 alloys via strictly controlling the zoning sintering and annealing process with PrMgNi 4 and PrNi 5 precursors, and systematically studied the formation mechanism and capacity degradation causes of the alloys. It is found that the successive peritectic reactions, of which the initial alloy phases are the molten PrMgNi 4 phase and the solid phase PrNi 5 , occurred among the AB 3 , A 2 B 7 and A 5 B 19 -type phases, and the peritectic reaction formational temperatures for the three single-phases are 900 • C, 925 • C and 950 • C, respectively. Under deep discharge, the capacity retention rate for Pr 4 MgNi 19 alloy is up to 80.3% at the 100 th cycle, which is superior than Pr 2 MgNi 9 (73.7%) and Pr 3 MgNi 14 (77.5%). The pulverization degree of the alloy particle is studied by calculating the difference of the volume for [PrNi 5 ] and [PrMgNi 4 ] subunits before and after charge/discharge cycling, and the results indicate that the Pr 4 MgNi 19 alloy has lower mismatch degree (22.04%), which is smaller than Pr 2 MgNi 9 (48.61%) and Pr 3 MgNi 14 (30.00%) at the 100 th cycle. X-Ray Powder Diffraction (XRD) results suggest that the phase abundances of the hydroxides, Pr(OH) 3 and Mg(OH) 2 both decrease with increasing [PrNi 5 ]/[PrMgNi 4 ] in Pr n MgNi 5n−1 (n = 2, 3, 4).