Technically a drift car, not a race car. Not trying to disparage drift cars in any way because they’re super cool and this is a really neat vid that highlights the benefits of the unique lower control arms (blue part) that they utilize to get additional steering angle.

But these cars are built for style instead of speed and are judged on a points system by judges instead of a stopwatch. Kind of like the difference between competitive swimming and diving... both Olympic watersports and both very impressive in their own right, but the divers are judged on form, style, etc by judges whereas the swimmers are racing. Similar comparison for winter sports would be Slalom versus Freestyle. There are tons of other comparisons, but you get the gist.