Thermal Management System and Electric Vehicle

A thermal management system includes a compressor, a water-cooled condenser, a battery chiller, a valve body assembly, a first water pump, a second water pump, and a third water pump that are disposed in a centralized manner. The thermal management system can separately form a passenger compartment cooling loop, a passenger compartment heating loop, a battery cooling loop, a battery heating loop, and an electrical driver cooling loop, and any one or more of the passenger compartment, the battery, and the electrical driver can be cooled or heated.