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Chinese actress Li Bingbing has joined the cast of the highly anticipated film Transformers 4!

“I am excited to have Li Bingbing join our cast and to be shooting portions of the movie in her native China. I have always aspired to work with the best actors and this cast is especially exciting now with the addition of Li,” director Michael Bay said in a statement.

Also starring in the flick are Mark Wahlberg, Nicola Peltz, and Jack Reynor.

Pictured inside: Mark keeping a low profile as he takes a stroll on Saturday afternoon (May 18) in Beverly Hills, Calif.

A few days earlier, the 41-year-old actor was spotted on set of his latest film 2 Guns with co-star Denzel Washington

15+ pictures inside of Mark Wahlberg… More Here! »

Nicola Peltz has officially joined the cast of Transformers 4, according to director Michael Bay‘s company’s Twitter account, as well as his official website!

The 19-year-old actress was rumored to have the part, but Michael‘s company confirmed when a Twitter user asked if Megan Fox could come back for the fourth installment.

“No. Female lead has been cast… Nicola Peltz.” they wrote.

Nicola will play Mark Wahlberg‘s daughter in the flick, which is also set to star Jack Reynor.

Currently, Nicola stars in Bates Motel on A&E.

Congratulations Nicola, we can’t wait to see the movie!!!

Nicola Peltz has reportedly joined Mark Wahlberg in the latest installment of the Transformers franchise!

The 17-year-old Last Airbender actress would play Mark‘s daughter in the Michael Bay-directed film.

Also reportedly joining the cast is Aussie actor Brenton Thwaites, who would play Nicola‘s biker boyfriend.

Very little is known thus far about Transformers 4 except that it will potentially be set in China four years after Transformers: Dark of the Moon.

Nicola has been busy shooting her Psycho prequel series, Bates Motel, which will premiere on A&E in 2013. Brenton will next be seen opposite Angelina Jolie in Maleficent. Can’t wait!