Under the guidance and support of national policies, the new energy vehicle industry in China is developing rapidly. It is estimated that the number of new energy vehicles will exceed five million by 2020. The ensuing battery recycling problem of the new energy vehicle has become a major issue. Power batteries without effective recycling will result in serious environmental pollution and a waste of resources. The United States, Germany, Japan, and other developed countries have planned for power battery recycling. After extensively analyzing the existing problems of power battery recycling, concrete suggestions for accelerating the development of power batteries for new energy vehicles are put forward.