The Ferrari HC25 is a one-of-one supercar built through Ferrari's Special Projects program and unveiled on May 15, 2026, at Ferrari Racing Days at Circuit of the Americas in Austin, Texas. Based on the discontinued F8 Spider, the HC25 carries over its mid-mounted 710hp twin-turbocharged 3.9-liter V8 with no performance upgrades but surrounds it with an entirely new body, a pioneering LED lighting signature, and a bespoke interior finished in Matte Moonlight Gray with yellow accents. It is the final Ferrari Special Projects car to use a pure internal-combustion twin-turbo V8 in an open-top spider configuration, marking the end of a performance era at Maranello.
Ferrari HC25 Reveal | COTA, Austin, May 2026
Ferrari chose Circuit of the Americas in Austin, Texas, as the stage for the HC25 debut, timed to coincide with the Ferrari Racing Days event on May 15, 2026. The venue is significant: COTA hosts the United States Grand Prix and sits at the heart of Ferrari's most passionate North American fan base. Revealing a one-off Special Projects creation at a racing event, rather than at a motor show, is consistent with Ferrari's approach of placing bespoke builds in front of people who understand their significance.
The HC25 name follows Ferrari's Special Projects naming convention, which typically encodes details about the project or the client. Ferrari has not disclosed the client's identity, as is standard practice for the division. Each Special Projects car is commissioned by invitation only and built to specifications agreed between the client, the Ferrari Design Center, and the Ferrari engineering team.
Ferrari HC25 Exterior | Moonlight Gray, Vertical LED DRL
The HC25 exterior is sharper and more geometric than the F8 Spider it is based on, with sculpted lines that run from the rear fenders forward to create a strong sense of motion. The primary body color is Matte Moonlight Gray, a bespoke non-metallic finish developed specifically for this commission. Finished surfaces are interrupted by a full-length gloss-black band that runs over the entire car, serving a dual purpose: it visually separates the front and rear sections, and it integrates the engine cooling intakes and heat outlets that a mid-engine layout requires.
The most technically notable design element is the lighting signature. For the first time on a Ferrari road car, the LED daytime running lights are arranged vertically rather than horizontally. The resulting shape is a boomerang pattern that follows the contour of the front fenders downward. Ferrari says the design was driven by the specific proportions of the HC25 rather than by aesthetic preference alone, but the result is a lighting face that is immediately recognizable as different from any previous Ferrari model.
The five-spoke wheels were designed exclusively for the HC25. Their outer edge is diamond-cut to a bright finish while the inner spokes use darker treatment, giving the wheels an illusion of greater diameter. Ferrari also reduced the visible size of the glasshouse, lowering the perceived body line and making the car read as longer and lower than the F8 Spider profile it shares underneath.
The design philosophy draws from two recent Ferrari production models: the F80 hypercar and the 12Cilindri. The HC25 is positioned as a bridge between the heritage of the V8 mid-engine spider and the direction Ferrari intends to take future high-performance models, making it both a farewell and a preview.
Ferrari HC25 Interior | Bespoke Yellow Accents, Moonlight Gray Cabin
Inside, the HC25 continues the matte and gloss contrast theme established on the exterior. The Matte Moonlight Gray color extends into the cabin materials, covering the dashboard surfaces, seat shells, and door panels in the same non-reflective finish. Yellow accents appear throughout the interior, picking up cues from two sources: the yellow seen on Ferrari's prancing horse badges, and the yellow brake calipers that are standard on high-specification Ferrari road cars. The yellow appears in stitching details, piping on the seats, and specific trim inserts around the cabin.
Ferrari applied the same attention to detail in the interior that distinguishes Special Projects builds from the standard configurator options available to regular customers. Every material choice, every surface finish, and every accent color was specified through the two-year development process, with the client having direct input at each stage.
Ferrari HC25 Engine | 710HP Twin-Turbo V8, Last Pure ICE Spider
Mechanically, the HC25 retains the F8 Spider's powertrain without modification. The mid-mounted 3.9-liter twin-turbocharged V8 produces 710hp and 568lb-ft of torque, driving the rear wheels through a 7-speed F1-derived dual-clutch transmission. The F8 Spider achieves 0-60 mph in approximately 2.9 seconds and a 211mph top speed. Ferrari has not announced any changes to these figures for the HC25 commission.
The absence of performance upgrades is deliberate. The HC25 is an exercise in design and personalization, not a power-focused special edition. The client commissioned the car to express a unique aesthetic direction, not to pursue lap records. The 710hp twin-turbo V8 is already the same engine used in the SF90 Stradale Spider as a component of the hybrid system, meaning the HC25 represents the final standalone application of that engine in a pure open-top supercar format at Ferrari.
Ferrari Special Projects | 2-Year Bespoke Development Process
Ferrari's Special Projects division exists to create one-of-one cars for the brand's most exclusive clients. The division operates separately from the standard production line and from the limited-series Icona and XX programs, which produce small runs of units for a select group of buyers. Special Projects builds are strictly singular: one car, one client, no duplicates.
Each commission begins with a consultation between the client, the Ferrari Design Center led by Flavio Manzoni, and the relevant engineering teams. From that point, development takes approximately two years. The client remains involved throughout, approving design sketches, reviewing material samples, and signing off on the final specification before production begins. The result is a car built to Ferrari's full production quality standards but configured to a level of personalization that is not available through any other channel.
Recent notable Special Projects builds include the Ferrari SP3JC, a bespoke coupe on the J50 platform, and the Ferrari P80/C, a track-only one-off built on the 488 GT3 chassis. The HC25 joins a short list of road-legal Special Projects spiders, all of which are regarded as among the most collectible Ferraris in existence.
Ferrari HC25 | End of the Pure V8 Spider Era at Maranello
Ferrari's mid-engine V8 spider lineage runs from the 348 Spider through the 355 Spider, 360 Spider, F430 Spider, 458 Spider, 488 Spider, and F8 Spider. Each generation used a naturally aspirated or turbocharged V8 without hybrid assistance. The SF90 Spider, which followed the F8 Spider in Ferrari's lineup, introduced a 986hp plug-in hybrid system and permanent all-wheel drive, breaking with the rear-wheel-drive, pure-ICE formula that defined the lineage.
The HC25 closes that chapter definitively. Ferrari has confirmed it is the last non-hybrid twin-turbo V8 spider the brand will produce. Future open-top models in the mid-engine V8 segment will follow the SF90's electrified architecture. For the client who commissioned the HC25, the car represents not just a bespoke creation but a final statement on a configuration that defined Ferrari's character for three decades. You can read more about Ferrari's current and upcoming models or follow Conan D. Boyle's coverage for the latest from Maranello.