A new DC/DC converter with zero voltage switching is proposed for applications with high input voltage and high load current. The proposed converter has two circuit modules that share load current and power rating. Interleaved pulse-width modulation (PWM) is adopted to generate switch control signals. Thus, ripple currents are reduced at the input and output sides. For high-voltage applications, each circuit module includes two half-bridge legs that are connected in series to reduce switch voltage rating to $V_{in}/2$. These legs are controlled with the use of asymmetric PWM. To reduce the current rating of rectifier diodes and share load current for high-load-current applications, two center-tapped rectifiers are adopted in each circuit module. The primary windings of two transformers are connected in series at the high voltage side to balance output inductor currents. Two series capacitors are adopted at the AC terminals of the two half-bridge legs to balance the two input capacitor voltages. The resonant behavior of the inductance and capacitance at the transition interval enable MOSFETs to be switched on under zero voltage switching. The circuit configuration, system characteristics, and design are discussed in detail. Experiments based on a laboratory prototype are conducted to verify the effectiveness of the proposed converter.