[10] It was also confirmed on the same day that Dallara was chosen as the chassis supplier for their LMDh contender, and that Action Express Racing (AXR) and Chip Ganassi Racing (CGR) would campaign the car in the 2023 IMSA SportsCar Championship season as well as contest the 24 Hours of Le Mans.

It was also announced that the car would use a hybrid powertrain, consisting of a 90° Naturally-Aspirated V8 internal combustion engine and standardized hybrid drivetrain components provided by Williams Advanced Engineering, Bosch and Xtrac, and that Chip Ganassi Racing would campaign one car in the 2023 FIA World Endurance Championship season.

[16] This was followed by testing at Sebring International Raceway and Road Atlanta, where the car covered nearly 19,312 km (12,000 mi).

[17][18][19] On October 2022, General Motors' sportscar racing program manager Laura Klauser noted that CGR and AXR are working together to get the three cars ready on time for the 2023 24 Hours of Daytona.

[20] On February 27, 2023, Cadillac confirmed that they will enter three cars for the 24 Hours of Le Mans.

2 cars (Earl Bamber, Alex Lynn, and Richard Westbrook) received automatic entry as they are competing full-time in the WEC.

01 car (Bourdais, Van der Zande, and Dixon) which competes in IMSA SCC in full-time will enter as the No.

31 AXR (Pipo Derani, Alexander Sims, and Jack Aitken) which also runs full-time in the IMSA SCC will enter as the No.

[21] In preparations for the season-opening 24 Hours of Daytona, Cadillac revealed that the V-Series.R will run under three different colors.

02 cars were attempting to take the lead from Colin Braun of the Meyer Shank Racing in the Acura ARX-06.

13 AWA LMP3 who could not swerve in time to avoid making contact, forcing an unscheduled stop for the No.

01 car caught fire during the ninth hour and forced to pit from the lead, eventually finishing seventh.

31 car became the sole surviving Cadillac and briefly took second before it needed to pit, dropping to sixth in the GTP class a result.

Qualifying for the Six Hours of The Glen was abandoned due to a pile-up of LMP2 and LMP3 cars caused by wet conditions, forcing the GTP class to start according to their championship order, meaning that the No.

[37] At the Chevrolet Grand Prix, both Cadillacs locked-out the second row with the No.

[38] Cadillac was on course for good points haul before Van der Zande crashed the car heavily with three minutes remaining on the clock.

[39] Cadillac dominated the practice sessions of the IMSA SportsCar Weekend in Road America, translating it into pole position for the No.

In the season finale Petit Le Mans in Road Atlanta, both championships are up for grabs.

Derani went off track during his final qualifying attempt, resulting in eighth-place start.

31's sixth-place finish was enough to seal both GTP championships for both Cadillac and Action Express Racing, earning the V-Series.R's its first titles.

The car completed its pre-season run where they went fastest in Session 2 of the Prologue at the hands of Earl Bamber.

[46] The car officially made its debut at the 1000 Km of Sebring, also serving as the team and the manufacturer's home race.

During the practice session, a Porsche 911 RSR belonging to Proton Competition crashed into the car.

While Cadillac was able to continue to the next sessions, the Porsche was forced to withdraw due to extensive damage collected from the coliision.

[47] The V-Series.R took fifth in its maiden WEC qualifying session with Alex Lynn beating two Porsche 963s belonging to Penske Motorsport.

"[49] In the 6 Hours of Portimão, Cadillac took eighth-place start, almost 2.5 seconds behind the pole-sitting No.

Lynn remained confident the car has what it takes to finish in the top 5 or possibly a podium if they can execute the race well.

[51] Cadillac fielded two cars for the 6 Hours of Spa-Francorchamps featuring the drivers from its IMSA SCC lineup: Sébastien Bourdais, Renger van der Zande, and Jack Aitken (replacing the unavailable Scott Dixon) for the No.

3 car at the hands of Van der Zande was defending from the attack of the Ferrari before he suddenly crashed heavily to the barriers in Raidillon, one of the fastest points in Circuit de Spa-Francorchamps.

2 car took a surprising third place in the race and ran relatively trouble-free, finishing a lap down behind the No.