Epoxy resin powder coating has been successfully applied on the corrosion protection of magnesium lithium alloys. However, poor wear resistance and microcracks formed during the solidification have limited it extensive application. There are limited approaches to exploit such anti-corrosion and mechanical properties of magnesium lithium alloys. Herein, the epoxy resin powder coating with polydopamine modified molybdenum disulfide (MoS2@PDA-EP powder coating with 0, 0.1, 0.2, 0.5, 1.0 wt.% loading) was well prepared by melt extrusion to investigate its anticorrosion performance and wear resistance. The results revealed that the addition of MoS2@PDA enhanced the adhesion strength between coatings and alloys, wear resistance and corrosion protection of the powder coatings. Among them, the optimum was obtained by 0.2 wt.% MoS2@PDA-EP powder coating which could be attributed to well dispersion and efficient adhesion with coating matrix. To conclude, MoS2@PDA-EP powder coating is meaningfully beneficial for the anticorrosive and wear performance improvement of magnesium lithium alloys.