Researchers at Shanghai Jiao Tong University have fabricated magnesium-lithium (Mg-Li) matrix composite components using Cold Metal Transfer Arc-Directed Energy Deposition (CMT DED-arc). By optimizing the process parameters (wire feed speed of 7 m/min), excellent forming quality and enhanced mechanical properties were achieved. The rapid solidification and high cooling rate of CMT DED-arc significantly refined α-Mg grains, reducing the average grain size from 65.5 μm in the base alloy to 17.2 μm, primarily contributing to strength enhancement via the Hall-Petch mechanism. Compared to the base alloy, the as-deposited component showed an increase in yield strength from 147.4 MPa to 186 MPa, ultimate tensile strength from 158 MPa to 226.3 MPa, and elastic modulus from 45.8 GPa to 53.2 GPa. Mg-Li alloys are the lightest metal structural materials, and this study provides a forward-looking technical pathway for the rapid manufacturing of high-performance Mg-Li matrix composite components.