The invention provides a graphene power battery with excellent performance and a preparation method thereof. The graphene power battery consists of a positive pole piece, a negative pole piece, a membrane, electrolyte and a shell, wherein a negative pole active material is prepared from spinel lithium titanate, nano silicon and graphene powder; a positive pole active material is prepared from lithium iron phosphate, porous graphene powder and nano boron nitride; each of a positive pole conductive agent and a negative pole conductive agent contains at least one of graphene powder, polyaniline, SP, KS-6, carbon fiber, carbon nano tubes, superconductive carbon black and crystalline flake graphite; the positive pole conductive agent contains the graphene powder; each of a positive pole adhesive and a negative pole adhesive is at least one of polyvinylidene fluoride, polytetrafluoroethylene, butadiene styrene rubber and CMC. The problems of low lithium iron phosphate conductivity, substantial reduction of the conductivity of a positive/negative pole, decrease of the electrolyte permeability and the like of a lithium iron phosphate power battery under a low temperature condition are solved with relatively low cost.