Yes, it really is called the P-NUT and Honda thinks it will be the future of Urban Driving.

This week, Daimler AG started production of the smart fortwo electric drive at the smart plant in Hambach, France.

Daimler AG announced that it selected the smart plant in Hambach, France, as the location for future series production of the smart fortwo electric drive. As of 2012, the highly innovative electric vehicle, equipped with the most modern lithium-ion-battery, will roll off the assembly line in large-scale production and will be offered to customers through the smart sales network. The announcement was made on the occasion of an official visit of French President Nicolas Sarkozy at the Hambach plant.