Abstract: A multi-level direct current converter includes a direct current conversion unit, a switching unit, a voltage management unit, and a controller. The direct current conversion unit includes a flying capacitor, a first power transistor, and a second power transistor. A first end of the first power transistor is connected to a voltage input end of the multi-level direct current converter, a second end of the first power transistor is connected to a first end of the second power transistor by using the flying capacitor, and a second end of the second power transistor is connected to a reference ground.

Abstract: The three-level direct current converter includes: a flying capacitor, a plurality of switch groups, a drive circuit, and a control circuit. The control circuit includes at least an on-time generator. When a voltage on the flying capacitor deviates from a half of a power supply voltage, the on-time generator changes a charging current of a capacitor of the on-time generator to adjust an output on-time signal, and outputs the on-time signal to the drive circuit. The drive circuit generates a drive pulse signal based on the on-time signal to drive switch statuses of the plurality of switch groups, to adjust charging time and discharging time of the flying capacitor, where an absolute value of a difference between the voltage on the flying capacitor and the half of the power supply voltage is less than or equal to a preset threshold.