A unique watermelon‐like structured SiO_x–TiO₂@C nanocomposite is synthesized by a scalable sol–gel method combined with carbon coating process. Ultrafine TiO₂ nanocrystals are uniformly embedded inside SiO_x particles, forming SiO_x–TiO₂ dual‐phase cores, which are coated with outer carbon shells. The incorporation of TiO₂ component can effectively enhance the electronic and lithium ionic conductivities inside the SiO_x particles, release the structure stress caused by alloying/dealloying of Si component and maximize the capacity utilization by modifying the Si–O bond feature and decreasing the O/Si ratio (x‐value). The synergetic combination of these advantages enables the synthesized SiO_x–TiO₂@C nanocomposite to have excellent electrochemical performances, including high specific capacity, excellent rate capability, and stable long‐term cycleability. A stable specific capacity of ≈910 mAh g⁻¹ is achieved after 200 cycles at the current density of 0.1 A g⁻¹ and ≈700 mAh g⁻¹ at 1 A g⁻¹ for over 600 cycles. These results suggest a great promise of the proposed particle architecture, which may have potential applications in the improvement of various energy storage materials.