Wet grinding is one of the most common forms of technology in powder production and preparation. Sand mill is the latest technology of wet grinding, which can effectively reduce the grinding particle size and improve the powder reactivity. LiFePO4 is one of the widely used cathode materials for lithium batteries at present, and the grinding process will affect the product performance. In this paper, parallel type and series type grinding processes were simulated by the single-cylinder system and the double cylinder system, which were studied and compared through the preparation of LiFePO4. It was discovered that the series type grinding process can not only increase the grinding efficiency but also improve the consistency of particle size distribution. LiFePO4 prepared by the series type grinding process has better rate performance and a higher discharge voltage platform. Attributing to the uniform particle size of LiFePO4, the lithium-ion diffusion coefficient was raised, which was proved by the cyclic voltammetry (CV) and electrochemical impedance spectroscopy (EIS). To sum up, based on the results of this paper, the properties of lithium iron phosphate will be affected by the particle size distribution, which is related to the grinding process. Therefore, in order to obtain the best performance of LiFePO4, it is necessary to choose the appropriate production process. This research work provides references and the basis for the research of powder grinding production technology.