Jon M. Chu is taking on another major production!

The Wicked director will direct the live-action Hot Wheels movie, based on the iconic Mattel toy cars, THR reported Monday (July 7).

The Crazy Rich Asians filmmaker will direct based off a screenplay by Juel Taylor and Tony Rettenmaier, with J.J. Abrams’ Bad Robot Productions attached to produce.

Keep reading to find out more…

The project began with Warner Bros. and Mattel Studios back in January 2019.

“Jon’s ability to craft rich, elaborate worlds with a distinct point of view makes him the ideal storyteller to bring Hot Wheels to life. His films are visual spectacles — true eye candy — but what sets them apart is how he weaves unforgettable narratives within those stunning frames. Paired with Juel and Tony’s compelling storytelling, this team is uniquely positioned to capture the heart, adrenaline, and spirit of Hot Wheels, a leading brand in car culture.,” Robbie Brenner, president of Mattel Studios and chief content officer, said in a statement.

The collaboration follows the massively successful Warner Bros. and Mattel collab, Barbie.

The director added: “Hot Wheels has always been about more than speed — it’s about imagination, connection and the thrill of play. Bringing that spirit to the big screen is an incredible opportunity. I’m excited to partner with Mattel Studios, Warner Bros. Pictures and Bad Robot to create an adventure that honors Hot Wheels’ legacy while driving it somewhere entirely new.”

“We already felt incredibly lucky to collaborate with Mattel on this special film. Having Jon, Juel and Tony come aboard takes our excitement to a whole new level,” said J.J. in his own statement.

Plot details, casting and a release date are still to be announced.

Find out which other Mattel toys are becoming movies!