Consumer electronics (CE) and electric vehicles (EVs) associated with renewable and sustainable energy have been rapidly changing human lifestyles and transportation habits since 1990s. These active innovations have resulted in a large amount of spent lithium-ion batteries (LiBs) in China. At least two problems are declining the sustainability of production and final disposal of LiBs: one is potential environmental and health risk, and the other is that more and more valuable resources are being stored in spent LiBs without appropriate recycling. We found that a lack of effective regulation, collection systems and recycling technologies are major barriers and challenges to solve the problems. And in order to develop a comprehensive management scheme for this waste stream in China, we proposed a three-pronged approach: (1) new regulation or policy is quite a necessity to deal with the challenges unique to spent LiBs recycling; (2) collection systems for CE and EV batteries can be substantially established based upon past experience of general e-waste management and extended producer responsibility, respectively; and (3) more emphasis needs to be placed on new technology for spent LiBs recycling, to tackle the large quantities of stored spent LiBs.