Traditional hydrometallurgy methods for recycling the spent lithium-ion battery materials face some challenges, including the complex processes, and difficulties in separating Ni/Co/Mn. To address these issues, this work proposes a simple one-pot method to achieve a high Li leaching efficiency (99.2%) and simultaneously transform the majority of Ni (99.5%) and Co (99.9%) into a high-performance multifunctional electrocatalyst (LNMCO-HS-180). LNMCO-HS-180 with single-phase structure shows a hollow microsphere morphology. LNMCO-HS-180 can efficiently catalyze the oxygen reduction (ORR), oxygen evolution (OER), and methanol oxidation reactions (MOR), with the ORR half-wave potential of 0.732 V and, OER potential of 1.469 V at 10 mA cm