The game focuses on GT3, GT4, GT2 and one make series cars and is an officially licensed simulation of the GT World Challenge Europe and the Total 24 Hours of Spa covering seasons from 2018 to 2023, and is set to serve as a platform for esports.

[1][2] Kunos Simulazioni announced the game on 21 February 2018 with a planned Steam Early Access release in summer 2018.

[7] On 11 March 2020 publisher 505 Games and Kunos Simulazioni announced ports for PlayStation 4 and Xbox One which were released on 23 June 2020.

Alternatively races can be made into single-make sessions, allowing creation of series such as Porsche Carrera Cup, Lamborghini Super Trofeo or Ferrari Challenge.

With the new engine, an evolution of the tire and aerodynamic physics models used in the previous title, motion capture animations, modern audio solutions and the detailed focus on a single series and class of cars the developer aims to reach a higher standard of driving realism and immersion for the new title.

[10][11][12][13] On 12 March 2020 it was revealed that D3T Ltd have been working with Kunos Simulazioni and 505 Games to bring Assetto Corsa Competizione to PlayStation 4 and Xbox One.

As part of a hot-lap competition hosted at the Thrustmaster booth Assetto Corsa Competizione was playable for the first time at E3 2018.

[29][30][31][32] On 20 March 2020, in light of the COVID-19 pandemic and cancelled or postponed motorsport events, SRO Motorsports Group in partnership with Kunos Simulazioni and Ak Informatica announced a SRO E-Sports GT Series Charity Challenge event for 29 March 2020 featuring Autodromo Nazionale di Monza in Assetto Corsa Competizione as well as 90 professional and sim driver entrants, with donations benefiting the COVID-19 Solidarity Response Fund.