The present application provides a power converter, comprising: a power conversion circuit and a
control circuit. The power conversion circuit comprises an
inverter circuit, a direct-current
bus capacitor, and a detection circuit, wherein the direct-current
bus capacitor is connected in parallel to the
inverter circuit. The direct-current
bus capacitor comprises a positive bus capacitor and a negative bus capacitor which are connected in series. The
inverter circuit comprises bridge arms. The detection circuit is used for measuring the
voltage on the two sides of the positive bus capacitor, the
voltage on the two sides of the negative bus capacitor, and an output current of each bridge arm. The
control circuit is used for, in response to a preset condition, controlling the bridge arm to be switched from outputting two types of levels to outputting three types of levels in one switching period. The preset condition is a condition based on the
voltage of the positive bus capacitor, the voltage of the negative bus capacitor, and the output current of the bridge arm. According to the present application, the three-level and two-level
hybrid modulation is used, so that the power converter can achieve balance on the output quality of
electric energy and
power consumption, improving the performance of the power converter.