This research work studied the pyrolysis characteristics of main biomass components (i.e. cellulose, lignin) in the presence of the spent Li-ion battery cathode (BC) enriched in transition-metals (e.g., Ni, Co). The BC with a good thermostability even at > 700 °C could be used as a catalyst for biomass conversion. The addition methods of BC to biomass such as one-step (directly mixing) and two-step (impregnation-drying) were comparatively studied. The two-step method had a better catalytic effect in biomass pyrolysis, contributing to the reduction of decomposition temperature and activation energy. Significantly, the two-step method had a strong catalytic effect in reducing the content of cellulose-derived sugars and increasing the content of ketones via dehydration and decarboxylation. In addition, the BC used by the two-step method had a high potential for biomass pyrolysis or gasification in promoting the catalytic cracking (i.e. H-transfer) of lignin-derived phenols (tar surrogates) to hydrocarbons and aliphatics (e.g., ketones).