The #1 leading vehicle brand* and the pinnacle of motorsport will be partnering to deliver a Hot Wheels Formula 1? product line, beginning with a one-of-a-kind collector die-cast drop on Mattel Creations

EL SEGUNDO, Calif., October 09, 2024--(BUSINESS WIRE)--For the first time, Mattel, Inc.’s (NASDAQ: MAT) Hot Wheels brand and Formula 1?, are partnering to bring the sport’s fans a full range of Hot Wheels products. The new product line from the two iconic brands will feature F1? Teams and bring the thrill of F1 races to 1:64 scale to deliver a brand-new way for automotive enthusiasts to play and collect, allowing kids and adults to celebrate their passion for racing with Hot Wheels.

The first product drop is a one-of-a-kind collector die-cast and is available now on Mattel Creations. The limited-edition Formula 1 car has a special Hot Wheels racing livery to celebrate the partnership, and includes bespoke Real Rider wheels with interchangeable tires, full-metal body and chassis and new F1 casting. The Hot Wheels F1 die-cast also features the number 68 on the nose, giving a fun nod to the year Hot Wheels debuted. Inspired by the Hot Wheels "Original 16" designs, the car will come in a collector’s ‘Kar Keepers’ clamshell case to deliver the ultimate collector and racing fan experience.

"Hot Wheels has always been about nurturing the challenger spirit, so the partnership with Formula 1 is a natural and exciting fit. It will bring two of the largest global fan communities together, to share their passion for cars and racing," said Roberto Stanichi, executive vice president, Hot Wheels & Head of Vehicles and Building Sets at Mattel. "In collaboration with Formula 1, we have put together a program that allows kids to replicate the thrill of F1 racing where they can drive like the pros and engages with our loyal communities on a global scale. Like Hot Wheels, F1 is all about thrill and car performance, and the broad collection we've created will take F1 fandom to the next level along with additional consumer touchpoints like digital and retail activations."

Sold in more than 150 countries, Hot Wheels Single 1:64 Assortment was the number one item sold across all toys globally in 2023**. Formula 1, the greatest sports and entertainment spectacle and the most popular racing series on the planet, is joining the Hot Wheels family. With more than 700 million fans and 24 races, the FIA Formula One Championship? features the world’s best drivers competing at more than 200mph on iconic and challenging circuits around the globe. The sport, which celebrates its 75^th anniversary next year, is established as the pinnacle of speed, design and innovation.