THERMAL MANAGEMENT SYSTEM AND ELECTRIC 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 (110), a flow path pump (160), a first thermal management object (120), a second thermal management object (130), and a plurality of three-way valves (150). The refrigeration cycle system (110) and the flow path pump (160) are separately connected to the plurality of three-way valves (150). The refrigeration cycle system (110) and the flow path pump (160) are connected to the first thermal management object (120) and the second thermal management object (130) through the plurality of three-way valves (150) respectively. The plurality of three-way valves (150) 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 (120) and the second thermal management object (130).