With the proposed goal of Carbon Neutrality, electric vehicles and other new energy industries are developing rapidly, the demand for lithium-ion batteries is increasing, which will certainly lead to a wave of scrapping in the future. On the one hand, the spent lithium-ion battery is flammable and explosive, and the organic toxic components contained requires harmless treatment; On the other hand, spent lithium-ion batteries have the property of resources e.g., Nickel, Cobalt, Manganese, Lithium and other valuable components. Therefore, the recycling of spent lithium-ion batteries can not only protect the environment, but also alleviate the global strategic metal resource tension and promote the healthy and sustainable development of new energy industry, which has become a hot topic in the global research. This article provides an overview of the lithium-ion battery recycling market, especially in China. Then we will share our research on the whole process recovery of lithium batteries, including the pre-treatment of spent Lithium-ion to obtain black powder that meets the requirements of the subsequent process, then the traditional hydrometallurgical recycling process for valuable metals in the black powder and ultra-short process developed by Botree Cycling will be introduced and compared. At last, the latest study on the life-cycle carbon footprint assessment for Lithium-ion batteries including the end-of-life stage will be mentioned.