Chinese producer Fundamental Films and Company Films have tapped “Karate Kid” director Harald Zwart to direct their upcoming action film “Rally Car,” starring Keanu Reeves.

Jeremy Lott (“Spy Kids”) has written the script, which is based on a treatment by Stephen Hamel. Reeves and Hamel will produce under their Company Films banner, along with Fundamental Films Chairman Mark Gao and President Gregory Ouanhon, while Gary Glushon will executive produce.

Fundamental Films is financing the project, with IM Global handling international sales and introducing the film to buyers at Berlin’s European Film Market next week. CAA is representing the U.S. rights.

Reeves will portray a hot shot former champion NASCAR driver who doesn’t want to believe his glory days are behind him. When his professional and personal life begin to spiral out of control, he’s forced to take part in a high stakes international rally race across the face of China, with a young Chinese girl as his co-driver, in order to prove he’s still the accomplished racer he thinks he is.

“Rally Car” is the second collaboration between Fundamental and Company Films, following “Replicas,” also starring Reeves and based on Hamel’s treatment.

Harald Zwart, Keanu Reeves and Company Films are represented by CAA, and Jeremy Lott is represented by CAA and Aperture Entertainment.