Lithium-ion (Li-ion) batteries are an important component of energy storage systems used in various applications such as electric vehicles and portable electronics. There are many chemistries of Li-ion battery, but LFP, NMC, LMO, and NCA are four commonly used types. In order for the battery applications to operate safely and effectively, battery modeling is very important. The equivalent circuit model (ECM) is a battery model often used in the battery management system (BMS) to monitor and control Li-ion batteries. In this study, experiments were performed to investigate the performance of three different ECMs (1RC, 2RC, and 1RC with hysteresis) on four Li-ion battery chemistries (LFP, NMC, LMO, and NCA). The results indicated that all three models are usable for the four types of Li-ion chemistries, with low errors. It was also found that the ECMs tend to perform better in dynamic current profiles compared to non-dynamic ones. Overall, the best-performed model for LFP and NCA was the 1RC with hysteresis ECM, while the most suited model for NMC and LMO was the 1RC ECM. The results from this study showed that different ECMs would be suited for different Li-ion battery chemistries, which should be an important factor to be considered in real-world battery and BMS applications.