The former champion driver Zhang Chi became a driving school instructor in troubled times, living a life of relying on his reputation to make ends meet. Unexpectedly, pie in the sky falls, and the director of Laotoule Automobile Factor, who is on the verge of suspending production, offers to sponsor Zhang Chi to form a team to compete in the last Bayinbrook Rally.

Pegasus is a story about a champion who fights against all odds to achieve success. The movie follows the journey of the protagonist as they face various challenges and obstacles in their pursuit of greatness. With determination and resilience, they overcome every hurdle and emerge victorious in the end.