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The development of efficient and stable electrocatalysts for the oxygen reduction reaction (ORR) is critical for the large-scale production of fuel cells. Platinum (Pt) nanoparticle catalysts show excellent performance for ORR, though the high cost of Pt is a limiting factor that directly impacts fuel cell production costs. Alloying Pt with other transition metals is an effective strategy to reduce Pt utilization whilst maintaining good ORR performance. In this work, novel hollow PtFe alloy catalysts were successfully synthesized by high-temperature pyrolysis of SiO 2 -coated Pt-Fe 3 O 4 nanoparticle dimers supported on carbon at 900 °C, followed by SiO 2 shell removal and partial dealloying of the PtFe nanoparticles formed using HF. The obtained hollow PtFe nanoparticle catalysts (denoted herein as PtFe-900) showed a 2.3-fold enhancement in ORR mass activity compared to PtFe nanoparticles synthesized without SiO 2 protection, and a remarkable 7.8-fold enhancement relative to a commercial Pt/C catalyst. Further, after 10 000 potential cycles, the ORR mass activity of PtFe-900 remained very high (90.9 % of the initial mass activity). The outstanding ORR performance of PtFe-900 can be attributed to the modification of Pt lattice and electronic structure by alloying with Fe at high temperature under the protection of the SiO 2 coating. This work guides the development of improved, highly dispersed Pt-based alloy nanoparticle catalysts for ORR and fuel cell applications., (© 2019 Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim.)