The invention discloses full automatic dismantling equipment and method for a power battery. The equipment comprises a rack, a feeding mechanism, a battery three-surface annular cutting mechanism, a battery dismantling mechanism, a battery conveying mechanism, a feeding cabin and a discharging cabin, wherein the feeding mechanism is used for clamping the power battery from the feeding cabin and conveying the power battery to the battery three-surface annular cutting mechanism; the battery three-surface annular cutting mechanism is used for performing joint cutting on the bottom, the upper and lower side surfaces of the battery and cutting on the head of the battery; then the battery dismantling mechanism competes separation of a battery shell and a cell; and finally, a discharging procedure is completed by the discharging cabin. A series of automatic technological processes of automatic feeding, joint cutting, cutting, separating, conveying, discharging and the like of the power battery are realized; meanwhile, the equipment is equipped with a dust removal apparatus and a purifying apparatus to realize dust removal and waste gas collection in the whole technological process; and in addition, the equipment is covered with a full-closed type protective outer cover, so that internal noise and dust of the equipment can be effectively isolated, and safety of an operator and the equipment can be protected.