A novel Sn-2.5Ag-2.0Ni alloy has been developed for soldering of SiCp/Al composites substrate with various types of Ni coatings. An investigation about electroplated Ni layer, electroless Ni-5 wt.% P, Ni-10wt.% P and Ni-B layers has been carried out. It is found that the solder joints possess a single intermetallic compound (IMC) Ni3Sn4, which coarsens with an increase in aging time. The formation of Ni2SnP has been observed to significantly affect the reliability of the solder joints. But the formation of Ni2SnP can be suppressed by lowering the P contents in as-deposited Ni coatings. It has been also found that the thermal stresses generated in solder joint increases with the decrease of P contents in Ni-P layer. Furthermore, the concentration of thermal stresses in the electroplated Ni solder joint is found to be higher than that in other three electroless Ni layers. Out of four as-deposited Ni coatings, the Ni-B layer exhibits good wettability with solder and low IMC growth rate during aging. Also, the shear strength of solder joint decreases with an increase in aging time and Ni-B solder joint demonstrates the highest shear strength after long term aging.