The Ferrari 296 Challenge was a racecar variant of the Ferrari 296 that debuted in 2023. These cars were built for the Ferrari Challenge race series, which was a single-make series. The 296 Challenge was powered by a 3.0L twin-turbo V6 engine that generated 690hp, without the hybrid component that is found in road going versions. This powerplant was paired to a 7 speed dual-clutch paddle shift automatic transmission that sent drive to the rear wheels.