The invention discloses a vanadium-based hydrogen storage alloy, which belongs to the technical field of nickel-hydrogen battery development. The chemical formula of this alloy is V 2 TiNi 0.5 Cr 0.5 m x , wherein 0<x≤0.2, M is at least one of La, Ce, Y, Sc, Nd, Gd, Er and Yb. The present invention considers the advantages and disadvantages of rare-earth hydrogen storage alloys and vanadium-based hydrogen storage alloys, adopts V, Ti, Cr, and Ni as matrix alloys, and La, Ce, Y, Sc, Nd, Gd, Er, and Yb in rare earths are After introducing rare earth elements into modified metals and vanadium-based hydrogen storage alloys, on the one hand, the discharge capacity of the hydrogen storage alloy as the negative electrode material of the nickel-hydrogen battery can be improved, and on the other hand, the electrochemical kinetic performance of the alloy electrode can be improved. The technical problems of low actual discharge capacity and insufficient kinetic performance of the existing nickel-hydrogen battery are solved.