The second generation of the Cube, released in 2002 with a more spacious interior than the previous model. A modern combination of angled and curved surfaces, was based on the third generation of the March, powered by a 1.4L I4 engine. A CVT was optional once again, and was made available in a stretched wheelbase version with seven seats, called the Cube³. For 2005, both models were upgraded with the new HR-series 1.5L engine from the Nissan Tiida, and are now available with the new "e4WD" system, which transfers power to the rear wheels when the front wheels spin.
In 2008, Nissan revealed the Nissan Denki (Japanese for “electric”) Cube Concept. Making its debut at the March 2008 New York International Auto Show , the Denki Cube Concept is a lithium-ion battery-powered electric vehicle. Nissan’s compact lithium-ion battery technology, one of the company’s traditional strengths, provides batteries with twice as much energy compared with a conventional cylindrical battery of the same type.