Abstract: A method for producing an electrolytic solution containing vanadium as positive and negative electrode active material, the electrolytic solutions being suitable for a redox battery which comprises: the steps of (1) a vanadium compound is dissolved in a solvent under an alkaline or neutral condition, a polyvanadate compound is precipitated and isolated by thermal polymerization of vanadium ions under an acidic condition; (2) a part of the polyvanadate compound is baked in an inert or oxidizing gas atmosphere so as to remove ammonium ions; (3) a trivalent vanadium compound is formed by treating another part of the polyvanadate compound under a reductive atmosphere; (4) a trivalent vanadium electrolytic solution is formed by dissolving the trivalent vanadium compound in an acid solution; and (5) vanadium pentoxide and a part of the trivalent vanadium compound are reacted by mixing so that mixed electrolytic solutions of V.sup.4+ and V.sup.3+ are formed.