The new Ssangyong X100 - as it is said to be known - will be launched based on a new platform that will see the model share engines with Indian parent company Mahindra and Mahindra. A pair of new, smaller-output turbocharged engines are expected, both 1.6 litres in capacity but one running on diesel and the other on petrol.
The X100 is expected to be offered with five or seven seats, the latter version of which is expected to be the model sold in most international markets such as Australia.
A spokesman for Ssangyong's local distributor Ateco Automotive, Daniel Cotterill, told CarAdvice the new model is on the Aussie arm's radar.
"The new car has been to Australia already for hot weather testing," he said. "It it comes to Australia, it would arrive in the middle of 2015.
"We have to make sure it's competitive when it gets here," Cotterill said, suggesting the deal isn't done just yet.
The news comes following a statement released by the company's assembly-line contractor in Sri Lanka, Micro Cars Ltd, which posited that a new type of SUV will be built in that country next year.
"We will strive to improve quality of the products and look forward to the successful launching of X100, the new type of SUV, by 2015 in Sri Lanka,” said Lawrence Perera, CEO of Ssangyong Micro Cars Ltd.
The XLV concept debuted at the 2014 Geneva motor show, with the "premium" SUV featuring a quirky 2+2+2+1 layout. Read more about the XLV concept here.