Vehicle for Converting Power of Battery and Method of Controlling the Same

An embodiment vehicle includes a DC/DC converter having a first power terminal connected to a first electrode of a first battery, a second power terminal connected to a first electrode of a second battery, and a load terminal connected to a first end of an electric load, and including a switching circuit, a transformer, and a rectifier circuit, and a controller configured to set an operation mode of the DC/DC converter to a low-voltage DC/DC converter (LDC) mode or a state-of-charge (SOC) balancing mode, wherein the DC/DC converter is configured to step down a voltage of the first power terminal through the switching circuit, the transformer, and the rectifier circuit and output the voltage to the load terminal when the LDC mode is performed and to control power transfer between the first and second power terminals through the switching circuit when the SOC balancing mode is performed.