Cruise, 64, will reprise his role as Nascar driver Cole Trickle and will be joined by Hathaway, 43, who is set to play a team owner and engineer in the upcoming follow-up to the sport-action 1990 film.
The original film was directed by the late Tony Scott and followed the young stock car driver as he gets recruited by retired racing star Harry Hogge, played by Robert Duvall, to a new Nascar team for the chance to compete at the top level.
The star-studded cast also included his ex-wife Nicole Kidman, John C Reilly and Randy Quaid.
The sequel is scheduled to hit cinemas in June and will be filmed for Imax.
Speaking in a newly released teaser trailer, the actors appeared on a race track, before revealing a bright green and yellow car with the words "Days of Thunder coming 2028".
"Now what?", Cruise says.
Hathaway, who is pregnant with her third child, replies: "Now what? Let's make the movie … I'm gonna have the baby, and then we're gonna make the movie."
"That's a good idea. You have the baby, then we'll go make the movie," he replies.
"We're coming out summer of 2028. Don't be late."
Hathaway joked: "Are you sure you want to go with that?
Cruise said: "I don't know. I'm trying."
The film will be directed by Warm Bodies filmmaker Jonathan Levine and co-produced by Cruise and Top Gun's Jerry Bruckheimer and Tommy Harper and written by Will Staples.
Hathaway's role is the latest in a back-to-back year for the actress who also stars in Christopher Nolan's adaptation of The Odyssey, The Devil Wears Prada 2, The End Of Oak Street, Mother Mary and the upcoming film adaptation based on Colleen Hoover's 2018 psychological thriller, Verity.
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