THERMAL MANAGEMENT SYSTEM WITH FIRST FLOW REGULATING DEVICE HAVING BI-DIRECTIONAL THROTTLING FUNCTION AND CONTROL METHOD THEREOF

A thermal management system includes a refrigerant system and a coolant system. The refrigerant system includes a compressor, an indoor heat exchanger, a first flow regulating device, a first heat exchanger and an outdoor heat exchanger. The outdoor heat exchanger includes a first port and a second port. The first flow regulating device has a bi-directional throttling function. The first heat exchanger includes a first heat exchange section and a second heat exchange section. The thermal management system has a heating mode and a cooling mode which can be achieved by the same first flow regulating device. A control method of the thermal management system is also disclosed.