In April 2018, BMW revealed the M2 Competition Coupé as a replacement for the standard M2 Coupé. The biggest change on the M2 Competition was the replacement of the turbocharged N55B30T0 engine with the S55B30T0 single scroll twin-turbocharged engine with a carbon fibre strut brace as used in the M3 (F80) and the M4. Power and torque figures are increased to 302 kW (411 PS; 405 hp) between 5,250–7,200 rpm and 550 N⋅m (406 lb⋅ft) between 2,350–5,230 rpm respectively. The car is available with a 6-speed manual gearbox as standard, although the 7-speed M DCT gearbox is available as an option. 100 km/h (62 mph) acceleration time is improved and is now achieved at 4.4 seconds (4.2 seconds with the 7-speed M DCT gearbox).
Exterior changes include new 19-inch lightweight Y-spoke alloy wheels, bigger brake discs with grey M-sport brake calipers, M-sport wing mirrors from the F80 M3, new front bumper with gloss black kidney grille for improved cooling, new two-pass exhaust system with electronically controlled flaps for improved emissions and new adaptive headlamps. Top speed stands at 155 mph. The interior also receives minor modifications that include a carbon fibre trim, a new sport steering wheel from the F80 M3 with "M1" and "M2" driving mode selector buttons, door sills with "M2 Competition" badging and M-Sport stitched leather seats with "M2" badging.