The PX-MiEV II created much interest at the Tokyo motor show along with the new Mirage, the carmaker's low-CO2 supermini which is likely to be badged Colt.
The Mitsubishi nameplate was last used on three- and five-door models in New Zealand in the 1980s, when the car was one of the country's best sellers.
The new Mirage is expected to be built in Thailand. The carmaker says it will emit just 95g/km of CO2 in its most frugal form, translating to an impressive 4 litres/100km (70mpg). That's partly achieved by slashing weight to under 900kg, while slippery aerodynamics and stop-start technology also play their part.
Under the bonnet of the new five-door is a new 1-litre, three-cylinder engine mated to a CVT automatic gearbox. There's also the choice of a 1.2-litre engine.
Mitsubishi said the aim of the engineers was to make it easy to drive. That's helped by good forward vision thanks to the slim A-pillars, as well as a more visible bonnet to help judge parking dimensions. The light weight was achieved by use of high-tensile steel allowing thinner metal to be used in areas not requiring so much protection.
The new design language was explained by Mitsubishi's general design manager, Hiroaki Ohtsuka.
"The Colt has the jet fighter grille, but here we are shifting to something more acceptable to entry-level buyers. The design is focusing on the simple, clean and aerodynamic."