Seven-time Bathurst 1000 winner Lowndes was last month announced for at least a two-round 2021 campaign with Wall Racing.
Now it's been confirmed he and Wall will each drive a red-and-white scheme featuring major backing from Paynter Dixon.
Lowndes, who will run the #338, readily admits he'll look to draw on the experience of former Supercars rival and 2017 Carrera Cup Australia champion Wall.
“It's great for me to have Shannons, Sculptura and Paynter Dixon come onboard,” said Lowndes.
“The expectation is to be up the front, but I obviously would have liked more experience driving the category.
“That's where I'll be leaning on Dave, as he has driven and campaigned the cars for several years in the category and knows how to set them up.”
Of the livery, Wall added, “We are very pleased with result and worked through a few concepts, before we were happy with the design.
“This year we have opted for a matte red over the gloss red of previous years.
“This should look awesome under lights when we head to Sydney and Perth for the two night races this season.”
The Carrera Cup Australia season will open at Sandown on March 19-21.