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Nissan Backs Out Of $649M Renault EV Deal And Gets A Custom Twingo Instead

  • Renault and Nissan have struck a deal, which aims to help the troubled Japanese automaker.
  • Nissan can back out of their $649 million Ampere investment and sell some Renault stock.
  • The company will also be getting a restyled version of the Renault Twingo in 2026.

The Renault–Nissan–Mitsubishi Alliance has been put through the wringer and things appeared to be on shaky ground. However, Renault and Nissan have now announced a series of “strategic projects.”

Starting with the fun stuff, Nissan will be getting a version of the upcoming Renault Twingo. It’s slated to arrive in 2026 and will feature unique styling created by the Japanese automaker.

More: Renault’s Updated Twingo Concept Hints At Next Year’s €20,000 EV

Little else is known about the model at this point, but the Twingo will be launched next year and cost less than €20,000 ($21,639). The EV is also expected to feature a 7-inch digital instrument cluster and a 10.1-inch infotainment system.

Outside of Europe, Renault plans to take over Renault Nissan Automotive India Private Ltd by acquiring the 51% stake currently held by Nissan. This transaction is expected to be completed later this year and Renault sees the move as a “key opportunity” to expand its international business. Speaking of which, four new models are expected to be built at the Chennai plant.

While Renault is taking over, Nissan will continue to have a presence in India. As such, the Chennai plant will continue building models such as the Nissan Magnite.

 Nissan Backs Out Of $649M Renault EV Deal And Gets A Custom Twingo Instead

Five-seat Nissan C-SUV that will be built at Chennai plant

On the corporate side of things, Renault and Nissan have amended their alliance agreement to allow for greater flexibility of cross-shareholdings. In particular, the minimum shareholding threshold will be lowered from 15% to 10%. The change could allow Nissan to sell part of their Renault stake to raise funds for their restructuring.

While it remains to be seen if Nissan will do this, “any sale of shares would have to be made within a coordinated and orderly process with the other company, in which such other company or a designated third-party benefits from a right of first offer.”

 Nissan Backs Out Of $649M Renault EV Deal And Gets A Custom Twingo Instead

Speaking of giving Nissan flexibility, the company is being released from its commitment to invest in Ampere. The investment was announced in July of 2023 and would have seen Nissan fork over as much as €600 ($649 / £502) million.

The amendments and termination of the Ampere investment are subject to certain conditions being fulfilled, but these are expected to occur by the end of May. When this happens, Nissan should be in better shape for the future.

Renault Group CEO Luca de Meo remarked, “As a long-time partner of Nissan within the Alliance and as its main shareholder, Renault Group has a strong interest in seeing Nissan turnaround its performance as quickly as possible. Pragmatism and business-oriented mindset were at the core of our discussions to identify the most effective ways of supporting their recovery plan while developing value-creating business opportunities for Renault Group.”

 Nissan Backs Out Of $649M Renault EV Deal And Gets A Custom Twingo Instead

Could This Mystery Nissan SUV Be The New Xterra?

  • Nissan has teased an “adventure-focused SUV” with an electric powertrain for North America.
  • While the name has yet to be confirmed, the EV could signal the return of the Xterra moniker.
  • The model is scheduled to debut by Q1 2028, and will be produced in the Mississippi plant.

Among the many models teased by Nissan during its recent product roadmap presentation, one caught our attention: a mystery electric SUV heading to North America. And while the details are still sparse, it sounds like a perfect candidate for a modern-day reincarnation of the Xterra.

This SUV appeared in a group teaser alongside the facelifted Pathfinder and new versions of the Rogue (X-Trail) SUVs. Nissan described it as an “adventure-focused SUV” while confirming that it’s an electric vehicle.

More: Nissan To Offer Four Different Midsize Pickups Globally By 2027

Nissan revealed that the “all-new” electric SUV will be produced at the Canton, Mississippi plant, with production set to begin at the end of the Japanese fiscal year 2027, which wraps up on March 31, 2028.

From the official (darkened) photo, the SUV appears to feature a boxy shape, bulky roof rails, and a fully covered grille with integrated LED graphics and an illuminated Nissan emblem. The rear shoulders are nicely toned, while dynamic lines grace the hood, and plastic cladding around the wheel arches adds a rugged touch. It’s a design that hints at the vehicle’s adventure-oriented nature.

According to Car and Driver, design prototypes they’ve seen lean into an off-road aesthetic, further fueling speculation that this could be a spiritual successor to the Xterra.

 Could This Mystery Nissan SUV Be The New Xterra?
The electric SUV (above) made its first appearance in a group teaser (below).
 Could This Mystery Nissan SUV Be The New Xterra?

Compact and Adventure-Ready

The SUV appears to be smaller than the Pathfinder and the Rogue, suggesting it will slot into the compact segment. While Nissan hasn’t revealed any specific details, it’s likely that this new EV will be built on a unibody architecture, distancing it from the ladder-frame setup of the old Xterra. However, a beefed-up suspension, dual-motor all-wheel drive, and off-road technology could still give it the rugged capabilities the Xterra was known for.

The Story Of The Nissan Xterra

The Nissan Xterra, first introduced in 1999, was a rugged, off-road-ready SUV that drew its underpinnings from the Nissan Frontier pickup. The second generation arrived in 2005, and both generations offered rear-wheel drive (RWD) and four-wheel drive (4WD) configurations. Unfortunately, the Xterra was discontinued in 2015 without a direct successor.

In 2018, Nissan unveiled the Terra, a Navara-based SUV aimed at Asian markets. While it was updated in 2020 and renamed the X-Terra for the Middle East, it was never sold in North America.

Last year, Ponz Pandikuthira, Senior Vice President and Chief Planning Officer for Nissan Americas, said that a new generation of the Nissan Xterra was “very actively considered”, describing it as an “authentic and serious truck” with a relatively affordable price point. More recently, it was reported that Nissan could be working on a modern Xterra study for the 2025 SEMA Show, dubbed “Project X”.

We’ll have to wait a little longer to learn about Nissan’s plans for reviving the Xterra, but an affordable boxy SUV with an electric powertrain, like in this teaser, should do the trick.

 Could This Mystery Nissan SUV Be The New Xterra?
2014 Nissan XTerra (US-spec)
 Could This Mystery Nissan SUV Be The New Xterra?
2021 Nissan X-Terra (Middle East)

All The New Nissan Models Arriving By 2027, From Sentra To Frontier

  • Nissan will launch over 14 new and facelifted models over the next two years.
  • North America will get a new Leaf, a new Sentra, and no less than four SUVs.
  • Highlights from other markets include Micra and Juke EVs, minivans and pickups.

Nissan is having a rough go of it. Between plummeting sales, financial struggles, failed merger talks with Honda, and the resignation of its CEO, things aren’t exactly looking up. But rather than giving up, the Japanese automaker is making its move. With a fresh strategy in place, Nissan is gearing up to unveil a series of new and revamped models by 2027.

The brand’s revamped lineup will feature a mix of combustion, hybrid, plug-in hybrid, and fully electric powertrains. Nissan has already dropped teasers of several models set to roll out over the next two years, targeting various markets across the globe.

For North America, Nissan will roll out a batch of fresh cars, including new generations of the Nissan Leaf EV, the Sentra sedan, and the Rogue SUV, alongside a facelifted version of the Pathfinder.

The New Leaf Becomes A Crossover

First up, the Leaf. No longer a plain-Jane hatchback, the new version is going full crossover, complete with sleeker styling, 19-inch wheels, and a panoramic moonroof. It will be built on the CMF-EV platform, borrowed from the larger Ariya, and will have “significant range improvements” over its predecessor. Oh, and it will be the first Nissan to feature the NACS charging port, so it’s officially Tesla Supercharger-compatible.

More: Is Nissan Bringing Back The Primera As An Electric Sedan?

It’s worth mentioning that the new Nissan Leaf will be a global offering, not just for North America. It will also be available in Europe, Japan, and Australia.

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Rogue and Pathfinder Updates

The 2026 Nissan Rogue (aka the X-Trail in other markets) is getting a powertrain upgrade. It’ll be available in gasoline, hybrid, and plug-in hybrid versions. The e-Power hybrid, which uses a 1.5-liter engine that acts as a generator for the electric motor powering the wheels, is back for another round.

And in case you haven’t been paying attention, the Rogue PHEV will actually be a rebadged Mitsubishi Outlander. Yes, Nissan is using its Renault-Mitsubishi-Nissan alliance to repurpose a Mitsubishi design for this one. If you were hoping for something entirely new, you might want to adjust your expectations.

More: Mitsubishi Ready To Dump Nissan Platforms

The Pathfinder, meanwhile, gets a mid-lifecycle facelift, with a new nose that should bring it into line with the rest of Nissan’s lineup. Expect that to be unveiled later this year.

New Sentra And More SUVs

Alongside it, a redesigned Sentra compact sedan will make its debut, with sharper looks that may or may not make you care more about compact sedans in general.

Finally, Nissan has also teased an “adventure-focused SUV” with an electric powertrain that will be manufactured at the Canton Mississippi plant in the US starting in 2027. The yet-unnamed model has a boxy stance and futuristic LEDs, and appears to be smaller than the Rogue and the Pathfinder.

Electric Micra and Juke for Europe

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Over in Europe, Nissan is set to launch the fully electric Micra, which will finally get its production version after being teased since 2022. Sharing its underpinnings with the Renault R5 E-Tech, this little EV will likely appeal to those who want to go green while still having a cute, compact car to get around in.

Another important debut for Europe will be the fully electric version of the Nissan Juke, inspired by the Hyper Punk concept. The zero-emission subcompact SUV is different from the ICE-powered Juke, featuring a heavily sculpted bodywork while retaining some of its quirkiness.

In the same region, the Nissan Qashqai will receive the third-gen e-Power hybrid powertrain, which promises better fuel efficiency and reduced emissions.

A New Frontier / Navara For Latin America And A Different Pickup For Australia

Another notable debut is the new Navara/Frontier midsize pickup, set to arrive in 2026. Unfortunately, this rugged truck will be exclusive to Latin American markets (LATAM). From the teaser image, it appears to be a heavily redesigned version of the old Navara, boasting an “evolved design,” upgraded infotainment, and a promising suite of advanced driver-assistance systems (ADAS).

More: 2027 Navara Will Be A True Nissan, Despite Mitsubishi Triton Roots

The successor of the global-spec Nissan Navara will be a different model, sharing its underpinnings with the Mitsubishi Triton. This one is described as an “all-new one-ton pickup” that will be launched in Australia in 2026.

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Indian-Built SUV And Minivan

Nissan is gearing up to launch two new models in India, both of which will be produced at the company’s Chennai factory for domestic sales and exports. First up is a budget-friendly minivan with crossover styling, set to debut in 2025.

This will be followed by a five-seater SUV in 2026, which will be Nissan’s version of the Dacia/Renault Duster, complete with a redesigned front end. Additionally, the company has announced a five-seater SUV for select African markets, though it’s unclear if it will share the same design as the India-bound model.

In Nissan’s home market of Japan, the company will release a facelifted kei car in 2025, along with a new generation of a large minivan featuring the latest hybrid powertrain in 2026.

Ivan Espinosa, Nissan’s current chief planning officer and future CEO, had this to say:

“Over the next two years, we are excited to roll out an impressive lineup that will redefine the road! This includes the reimagined Nissan LEAF, and a daring new Micra EV. But that’s not all – we’re refreshing our range of SUVs to elevate the driving experience, and our next-generation e-POWER promises new levels of refinement and efficiency. We are committed to investing in products that embody the very best of Nissan. To our passionate fans and loyal owners around the world, I can assure you, this is just the beginning of an exciting journey ahead.”

Foxconn Gearing Up To Build Four New EVs, Including Two From Japanese Brands

  • Foxconn expects to ink contracts with two Japanese brands in the coming months.
  • It is also getting ready to start building its in-house Model B and Model C EVs.
  • The Taiwanese company has expressed interest in purchasing a stake in Nissan.

Taiwanese contract manufacturer Foxconn has revealed it’s close to inking deals with two Japanese car manufacturers to design and manufacture a pair of EVs. While limited details about these new models are known, they will be brought to life alongside two of Foxconn’s in-house EVs, namely the Model C and Model B.

Foxconn has been ratcheting up its involvement in the car industry for several years now. At one point, it announced it would invest up to $170 million to build Lordstown Motors’ Endurance pickup truck, but that project was later scrapped. It is also said to have expressed keen interest in acquiring Nissan, before the Japanese brand would go on to enter ill-fated negotiations with Honda about a potential merger.

Read: Foxconn Unveils Model C, Model E And Model T EVs With Up To 740 HP

While speaking at an investor conference earlier this month, chairman Young Liu said the company expects to sign agreements with two Japanese firms in the next two months. Foxconn will use its “contract design and manufacturing services (CDMS) business model” in the development of these new EVs.

There’s no word on which two marques Foxconn is talking to. It’s certainly possible that one of them could be Nissan, as a report from early February indicated that after the latter’s merger with Honda fell through, it has expressed its willingness to work with technology companies. Foxconn could be one of them, and teaming up with it would also provide Nissan with a valuable cash infusion.

Foxconn Model C
 Foxconn Gearing Up To Build Four New EVs, Including Two From Japanese Brands

Foxconn’s Own EVs

While the Taiwanese giant is busy finalizing contract manufacturing deals, at the same time it’s also pushing forward with its own EVs. Focus Taiwan reports that the Model C will enter production in North America during the fourth quarter of this year. The electric crossover was previewed as a concept back in October 2021 and, in concept guise, had a claimed range of 435 miles (700 km). Given it’s been almost three and a have years since the concept’s unveiling, the production model may sport some changes.

Arriving before the Model C will be Foxconn’s Model B, reportedly set to reach the production line in the middle of this year. The Model B was previewed in 2022 and is similar in size to the VW ID.3. It was designed by Pininfarina, is powered by a single electric motor with 230 hp, and has a claimed range of 280 miles (450 km).

Foxconn Model B
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