In this study, a closed-loop supply chain consisting of a waste power battery recycler and a power battery manufacturer will be constructed on this basis. The function models under different decision-making modes are constructed with profit maximization as the objective function, and the simulation analysis discusses how the power battery manufacturer should set the purchase price of the raw materials obtained from the dismantling and processing of the waste power battery recycling dismantler, as well as how the waste power battery recycling dismantler should make decisions on the extent of its own efforts under the scenario where the waste power battery recycling dismantler is recycling only its efforts.