Pegasus 3 is a film written and directed by Han Han, lead starring Shen Teng, Yin Zheng, Huang Jingyu, and Zhang Benyu, starring Wei Xiang, Sha Yi, Fan Chengcheng, and Sun Yizhou, with special guest starring Duan Yihong, and special appearances by Zhang Xincheng, Hu Xianxu, Li Zhiting, Bai Yufan, Zhou Zhengjie, and Gao Huayang, and cameo appearances by Jia Bing, Wang Anyu, Chen Yongsheng, Feng Shaofeng, and Hao Han. It was released in Chinese mainland on February 17, 2026.

The film tells the story of Zhang Chi, who is appointed as the national team captain responsible for selecting drivers to compete in the international "Muchen 100" event. However, due to behind-the-scenes corruption, he suffers a devastating defeat right at the starting line. Ultimately, he decides to invest everything to participate as an individual driver, overcoming numerous obstacles to prove the value of a veteran with his skills.