Al/Cu bimetal components (BMCs) possess higher thermal conductivity, better wear resistance and corrosion resistance than Al and Al alloys. It is a big challenging task to fabricate a high-performance Al/Cu BMC by a conventional infrared (IR) laser-directed energy deposition (L-DED) process due to the crack formation and high IR laser reflectivity. A novel high-speed L-DED process was proposed to successfully fabricate a crack-free Al/Cu BMC by controlling the residual stress distribution and brittle intermetallic compounds (IMCs) formation. The damaging effect of the reflective IR laser rays on the laser equipment can also be suppressed. Compared with the Al base metal, the microhardness, wear and electrochemical corrosion performances of the Al/Cu BMC were significantly improved. The residual stress distribution was predicted and measured. The IMC formation mechanism was revealed based on element distributions, the formation energy and the effective heat of formation of each IMC. The study would provide the basis for manufacturing crack-free and high-performance multi-material components in many applications in different industries.