Ferrari unveiled the HC25 at Ferrari Racing Days at Circuit of the Americas on May 18 — a one-of-one open-top roadster commissioned through the brand's Special Projects program and built entirely around a single client's vision. There is no production run, no limited series, no waiting list. One car, two years in the making, now exists in the world.Built on the F8 Spider's chassis and powered by its 3.9-liter twin-turbocharged V8, the HC25 produces 710 horsepower and 568 lb-ft of torque, hits 60 mph in 2.9 seconds and tops out at 211 mph. Those numbers are familiar from the F8 Spider. Everything else about this car is not. Custom Bodywork Designed From The Ground Up By Ferrari Centro Stile FerrarThe HC25's exterior was developed entirely by Ferrari Centro Stile under the direction of chief design officer Flavio Manzoni — meaning this is not a coachbuilder interpretation or a third-party reskin. The design language starts with what Ferrari calls a dual-volume body structure: two distinct visual masses separated by a functional black band that runs the length of the car. That band is not decorative. It houses the thermal management system, including radiator air intakes and heat extractors for the mid-mounted powertrain — engineering and aesthetics working as one.At the front, the headlamps feature vertically arranged daytime running lights in a boomerang configuration, a shape that reads as both contemporary and deliberately unlike anything in Ferrari's current lineup. The door handles abandon conventional hardware entirely, replaced by an integrated aluminum blade that spans both sides of the body as a single continuous element. Every surface decision was made in service of a coherent whole rather than a catalog of options. Special Projects' Track Record: From SP 275 RW To The Monza Series FerrarThe Special Projects division has been Ferrari's most exclusive personalization channel for years, producing cars that sit entirely outside the standard model hierarchy. Previous commissions include the SP 275 RW Competizione — a one-off built on the 458 platform with 275 GTB-inspired proportions — and the Monza SP1 and SP2, the Icona series speedsters that brought the barchetta silhouette back with 810 horsepower and no windscreen. The HC25 follows that lineage: a car that begins with an existing powertrain and chassis as its engineering foundation, then builds an entirely new identity on top.The two-year development timeline is consistent with what Special Projects demands. These commissions involve the client at multiple stages — design reviews, material sign-offs, proportion studies — which is why the result reads as genuinely personal rather than a bespoke trim package. The HC25's name itself follows the program's convention of encoding the commission year, placing it squarely in 2025's development cycle. Why The F8 Spider Chassis Makes Sense As A Starting Point FerrarChoosing the F8 Spider as the mechanical base gives the HC25 a proven mid-engine layout, a seven-speed dual-clutch transmission, and a powertrain that Ferrari has already optimized for open-air use. The 3.9-liter twin-turbo V8 — the same unit that earned the International Engine of the Year award multiple times — delivers its 710 hp with the kind of throttle response and top-end pull that makes a roadster genuinely exciting rather than just fast on paper. The 2.9-second 0-60 and 211-mph ceiling are not theoretical limits; they're the same figures the F8 Spider achieves in production form, which means the HC25's custom body had to be developed without compromising the underlying aerodynamic and thermal performance envelope. That constraint is part of what makes Special Projects work demanding — the design has to be original and functional simultaneously.The HC25 will never appear in a configurator, never be replicated, and never be offered at auction by Ferrari. Whoever commissioned it already knows exactly what they have. For everyone else, the COTA reveal is the only public look they'll get.Ferrari HC25 16Source: Ferrari
