The invention discloses a battery management-based multifunctional dynamic test system comprising an AC / DC module, an electric motor controller, a DC / DC module, a power battery, a battery management system, an electric power dynamometer and a dynamometer controller, wherein the DC / DC module is connected with the AC / DC module; the dynamometer controller is used for controlling and outputting A phase, B phase and C phase dynamic electricity; when being in a motored mode, the electric power dynamometer is used for converting electric energy into mechanical energy and is enabled to output rotating speed and torque; when being in a load mode, the electric power dynamometer is used for converting the mechanical energy output by an electric motor being tested into the electricity energy, and the power battery can be charged and / or electric power can be supplied to the electric power dynamometer. Via the test system, cyclic use of the electric energy can be realized without any voltage stabilizing device, energy saving effects of the system can be improved, and laboratory construction cost can be lowered.