Vehicle thermal management system and vehicle

The invention relates to a vehicle thermal management system and a vehicle, and belongs to the technical field of vehicle thermal management. The first valve assembly is connected with the battery water path; and the first valve assembly is configured to control the battery water path to be communicated with the heating loop according to the heating requirement and control the battery water path to be communicated with the cooling loop according to the cooling requirement. Therefore, the first valve assembly is used for directly controlling the battery water path to be connected with the cooling loop or the heating loop, so that the response time for heating or refrigerating the battery pack is shortened, the structure for heating or refrigerating the battery pack is simplified, the heat transfer link is reduced, and heat or cold can be transferred to the battery water path more efficiently; therefore, the heat exchange efficiency is improved.