Mitsubishi aims to benefit from the SUV/crossover boom by adding a sporty, coupe-styled SUV.
The model will be a rival to compact SUVs such as the Nissan Qashqai.
It will line up between the Outlander and ASX SUVs, Mitsubishi said in a statement. The SUV will be larger than the ASX and smaller than the Outlander.
Mitsubishi said the vehicle will introduce "a whole new audience" to the brand.
The automaker released a teaser image of the SUV ahead of its debut at the Geneva auto show next month.
The SUV shares several styling details, including its coupe shape, with the XR-PHEV concept first shown at the 2013 Tokyo auto show. The design is a departure from the boxier forms of the Outlander and the ASX.