Nissan has confirmed that it will introduce a new small electric city car based on the Renault Twingo in 2026, Autocar reports.

The deal for the new model comes as part of a wider reorganization of some of the key aspects of the Renault-Nissan-Mitsubishi Alliance.

The Twingo is due to arrive in LHD markets next year, priced from less than €20,000.

It's based on Renault’s Ampr Small EV platform (referred to by Nissan as CMF-BEV), which is also used by the larger Renault 5.

Under the Alliance agreement, Renault is already set to produce a new electric Nissan Micra, based on the 5 and due in 2026, for the Japanese firm.

No further details of the city car have been released, although Nissan said that it would design the car and that it fitted its “roadmap for reducing development costs and time.”

Reducing the time taken to bring new vehicles to market is a key part of Nissan's revival plan, following its recent financial woes and failed merger with Honda.

Under the existing Alliance agreement, Renault has taken the lead on developing the Ampr Small/CMF-BEV platform while Nissan has headed development of the Ampr Medium/CMF-EV platform for larger models.

More broadly, the Renault Group and Nissan have agreed to a new Alliance Agreement, in which the "lock-up undertaking" of the cross-shareholding has been reduced from 15% to 10%.

Meanwhile, Nissan has been released from its commitment to invest in Ampere, the Renault Group’s EV development firm.