Adopting EVs has been widely recognized as an efficient way to alleviate future climate change. Nonetheless, the large number of spent LiBs associated with EVs is becoming a huge concern from both environmental and energy perspectives. This review summarizes the three most popular LiB recycling technologies, the current LiB recycling market trend, and global recycling magnates’ industrial dynamics regarding this subject. We mainly focus on reviewing hydrometallurgical and direct recycling technologies to discuss the advancement of those recycling technologies and their future commercialization pathway.
