Pegasus 3 () is a 2026 Chinese sports comedy film written and directed by Han Han. It is the sequel to Pegasus (2019) and Pegasus 2 (2024) and the third installment in the Pegasus film series. The film's ensemble cast is led by Shen Teng, Yin Zheng, Huang Jingyu, , , , Fan Chengcheng, Sun Yizhou, and Duan Yihong. It was released in China on 17 February 2026 (Chinese New Year) and has grossed $648.7 million, becoming the eight highest-grossing film of 2026 and the highest-grossing pure sports film of all time.
Plot After the curtain falls on the last Bayanbulak rally, Zhang Chi (Shen Teng) and friends return to their quiet lives, but the passion for racing in their hearts is hard to extinguish. The Muchen 100 Rally, in which many Asian countries are participating, is about to begin and the Chinese team's boss Bai Qiang () invites Zhang Chi and Sun Yuqiang (Yin Zheng) to put together a national team to represent China in the competition. Lin Zhendong (Huang Jingyu) and other top racecar drivers join, but Zhang Chi discovers that the seemingly smooth journey is hiding a complex plot. Facing the scheming and murkiness of ordinary human relationships, he and his friends decide to embark on a more difficult path, to protect the purity of racing and their own dignity.
Cast PerformerRoleDescriptionMain charactersShen TengYoung: Wang AnyuZhang ChiFormer top racecar driver, "King of Bayanbulak"Yin Zheng Young: Chen Yongsheng ()Sun YuqiangZhang Chi's co-driverHuang JingyuLin ZhendongA top racecar driver of the younger generation, fu'erdaiJi XingZhang Chi's racecar mechanicManager YeRidehail driver, former manager of Guangke racecar team, Zhang Chi's old acquaintanceThe teamBai QiangTeam bossDuan YihongAn ZhongzuTeam technical headZhang XinchengLi LunRacecar driver, team sponsor's sonAarif RahmanChi HaishengRacecar driverFeng ShaofengTeam managerTeam managerRally selection teamFan ChengchengLi XiaohaiRising racecar starSun YizhouLiu XiandeLi Xiaohai's co-driverHu XianxuLiu ShihaoRacecar driverZhang HongbinLin Zhendong's co-driverGao Huayang ()Ye JinlongRacecar driverGuest appearancesTetsuya ShirakawaJapanese team racecar driverfactory managerLi Xiaohai's fatherZhou GuanyuhimselfFirst Chinese Formula 1 driverSébastien LoebhimselfRacecar driver, prize announcer
Soundtrack SongMusicLyricsPerformerOpening credits"Don't Stop Me Now"Freddie MercuryFreddie MercuryQueenClosing credits Never Look Back ()Lo-Jung ChenShen Teng, Yin Zheng, Huang Jingyu, ,
Production Following the commercial success of Pegasus 2 in 2024, director Han Han and his team began developing the plot for the next film in the series. The film largely features the same cast and crew as Pegasus 2, but also has some returning cast members from the original Pegasus. Most of the main cast members have appeared with Shen Teng on Natural High () and ().
The project officially began in March 2025. Shooting began in August 2025 in Shanghai and finished in October of that year. The non-racing scenes were mostly filmed in Minhang, Shanghai, the big departure scene was filmed at Qingdao Liuting International Airport, Qingdao, and night racing was filmed on location at Zhenhai refinery in . To create the Muchen 100 rally, the production team went to Jiulong County, Ganzi Prefecture, Sichuan; Delingha, Qinghai, and other places, filming on location at elevations of more than 4500 meters.
In addition, in pursuit of better visual effects, the production team also filmed in Oriental Movie Metropolis, where The Wandering Earth series was produced.
Release On 26 December 2025, it was announced that the film would be released on 17 February 2026 (Chinese New Year). It was the first Chinese New Year film to be announced for that year. On 9 February 2026, tickets went on sale, and it became the best-performing Chinese New Year film of the year at the box office.
+ Release date Region Distributor 17 February 2026 Mainland China Tianjin Maoyan Weiying Culture Media 20 February 2026 Macau C-Color Culture Entertainment, CMC Pictures 26 February 2026 Australia, New Zealand, Fiji, Papua New Guinea CMC Pictures 27 February 2026 United States, Canada, United Kingdom, Ireland, Netherlands, Belgium, Luxembourg
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