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This is a '99 Ford F-150 SVT Lightning. Designed by Andrew Jacobson and Bob Aikins, the Lightning was a high-performance version of the tenth generation Ford F-150. Powered by a Ford 5.4L supercharged Triton V8 paired with a 4-speed automatic, the Lightning, the Lightning pumped out 360 BHP; this was later bumped up to 385 BHP for later production. The Lightning was initially only offered in three colors: Bright Red, Black and Oxford White, although other color choices were added later. The trucks were solely manufactured at Ford of Canada at their Ontario plant which closed in 2004, not long after the Lightning ceased production. Of the 28,124 produced from 1999 to 2004, exactly 4,000 were 1999 models.
Now this casting was designed by Mark Jones and introduced in 2020 as part of the Motor City Muscle segment of the Fast & Furious Premium Series. As far as I know, this was a minor vehicle which only appeared in the first Fast & Furious movie. This is currently the casting's only known release. However, this is not the first time Hot Wheels has done a Ford F-150 SVT Lightning. Hot Wheels initially did a 'Tooned version in 2003 designed by Dave Weise, and another the same year for the 100% Hot Wheels lineup. A fourth F-150 SVT Lightning casting also appears in the 2020 Mainline; it is however designed by Ryu Asada and is slightly shorter than this casting.