The invention discloses a lithium iron phosphate power battery formation method.The method particularly includes following steps: (1), placing a battery after liquid injection in an environment with high temperature of 39-45 DEG C, using a vacuum formation device to vacuumize the inside of the battery, shelving to enable a pole piece and a diaphragm to fully absorb liquid and to be soaked, and charging; (2), charging the battery by stages, and using the vacuum formation device to vacuumize the inside of the battery in the charging process to complete formation; (3), after formation is completed, using a clamp to seal the battery, and aging the battery at high temperature; (4), after aging is completed, vacuumizing the battery, maintaining pressure for 1h, sealing the battery by knocking a steel ball, and performing capacity grading.By using the method, inside environment of a battery shell can be improved effectively, and bulging of the battery in the process of use is avoided, so that performance attenuation of the battery is delayed, a stable SEI film is generated, electric performance and safety of the battery are improved, formation time is shortened, and production efficiency is improved.