In order to maintain the performance of a fuel cell vehicle, it is essential to maintain a constant temperature of the stack. Therefore, it is very important to distribute the optimal coolant flow rate to each major component under very diverse and rapidly changing dynamic operating conditions. The part responsible for this is a five-way electric coolant valve. Therefore, this study aims to investigate transient dynamic flow characteristics of the fluid flow through a five-way electric coolant valve (PCCV: Penta-Control Coolant Valve). To achieve this goal, this paper attempts a three-dimensional dynamic simulation of the fluid flow through the valve using a commercial CFD solver with moving mesh technique to consider flow inertia and dynamic flow in the opening and closing stages of the ball valve rotating motion. The dynamic flow characteristics and the thermal mixing inside the PCCV ball valve during the opening and closing stages are analyzed. It was found that the discrepancies between dynamic and steady-state simulations are remarkable when fluxes with different levels of enthalpy and momentum flow into the PCCV, leading to strong flow interference and flow inertia, while the discrepancies are relatively small at low rotation speed and weak flow interference. Subsequently, the effect of the dynamic flow characteristics of the valve on the dynamic thermal mixing characteristics at two different ball valve rotation speeds and rotation directions are investigated. It was found that the dynamic flow and thermal mixing characteristics inside the PCCV are greatly affected by the rotation speed, rotation direction, and degree of flow interference between fluxes. It also helps design better coolant control strategies and improves the FCEV thermal management system.