Numerical simulations in studying thermal–hydraulic behavior in sodium-cooled fast reactors (SFR) have gained attention for their safety and cost advantages. While low-fidelity numerical simulations commonly used in industry have the advantage of lower computational costs, they face challenges in accurately representing intricate flow phenomena. On the other hand, high-fidelity numerical simulations offer excellent characterization of turbulence but demand significant computational resources. The emergence of exascale supercomputers has provided opportunities and challenges for large-scale high-fidelity numerical simulations. In this paper, firstly, we review the research progress of thermal–hydraulic numerical simulations of SFR cores using both low-fidelity and high-fidelity methods. Secondly, we estimate the computational and storage requirements for high-fidelity numerical simulations of SFR core based on calculations performed on China Experimental Fast Reactor (CEFR). Subsequently, we analyze the challenges of conducting high-fidelity thermal–hydraulic simulations of the entire SFR core, including large-scale mesh generation, appropriate numerical discretization methods, efficient simulation acceleration techniques, coupled simulations, and the complexities of validation and verification processes. Finally, we present the research progress of PACA-S4FR, a high-fidelity thermal–hydraulic simulation software in the China Virtual Reactor (CVR1.0) project, along with the ongoing efforts to address challenges in high-fidelity simulations. This paper contributes to advancing the comprehension of SFR core thermal hydraulics, potentially aiding in safety and performance enhancements in SFR.