In this report, we introduce our winning solution to the Real-time 3D Detection and also the Most Efficient Model in the Waymo Open Dataset Challenges at CVPR 2021. Extended from our last years award-winning model AFDet, we have made a handful of modifications to the base model, to improve the accuracy and at the same time to greatly reduce the latency. The modified model, named as AFDetV2, is featured with a lite 3D Feature Extractor, an improved RPN with extended receptive field and an added sub-head that produces an IoU-aware confidence score. These model enhancements, together with enriched data augmentation, stochastic weights averaging, and a GPU-based implementation of voxelization, lead to a winning accuracy of 73.12 mAPH/L2 for our AFDetV2 with a latency of 60.06 ms, and an accuracy of 72.57 mAPH/L2 for our AFDetV2-base, entitled as the Most Efficient Model by the challenge sponsor, with a winning latency of 55.86 ms.