According to advertisements posted in China, the device is scheduled to launch on 27 April.
The original Nokia X turned out to be a disaster for the company since it did not support the Google Play store. The company has begun putting out ads in China promoting a new handset which is coming out on April 27. It seems Nokia wanted to surprise its users, as recent teaser shows another Handset names as Nokia X. This makes it unlikely that the upcoming Nokia X is inspired by the old Nokia X. Perhaps HMD is taking another shot at reinventing the Nokia X - as a way to right what it got wrong in the past.
However as new devices come with different rumors, there are rumors that Nokia X will have 4GB and 6GB RAM Varients.it will be equipped with either Qualcomm Snapdragon, or MediaTek processors. What can be said for sure is that it will be an Android One phone as HMD had announced all future phones Nokia 3 upwards will be part of the Android One program.