The present invention provides a hydrogen storing alloy electrode having a large discharging capacity and a long lifetime at a high temperature. The electrode is also excellent in discharging characteristics in the early charging and discharging cycles. In one aspect of the present invention, the hydrogen storing alloy electrode is made of a hydrogen storing alloy represented by the general formula ZrMn.sub.m V.sub.x X.sub.y Ni.sub.z or a hydride thereof, wherein X is Al, Zn or W; m, x, y, and z are respectively mole ratio of Mn, V, X, and Ni to Zr: 0.4.ltoreq.m.ltoreq.0.8, 0.1.ltoreq.x.ltoreq.0.3, 1.0.ltoreq.z.ltoreq.1.5, and 2.0.ltoreq.m+x+y+z.ltoreq.2.4; when X is Al or Zn, 0