THERMAL MANAGEMENT SYSTEM AND NEW ENERGY VEHICLE

Disclosed are a thermal management system and a new energy vehicle. The new energy vehicle includes an electric motor and a thermal management system. The thermal management system includes a refrigeration cycle system, a flow path pump, a first thermal management object, a second thermal management object, and a plurality of three-way valves. The refrigeration cycle system and the flow path pump are separately connected to the plurality of three-way valves. The refrigeration cycle system and the flow path pump are connected to the first thermal management object and the second thermal management object through the plurality of three-way valves respectively. The plurality of three-way valves are separately controlled, to form a first coolant circulation loop and a second coolant circulation loop that are independent of each other, and separately control temperatures of the first thermal management object and the second thermal management object.