Rumours that the relationship was on thin ice are fading fast: Renault and Caterham signed off on a jointly-owned factory in France last month.
Speaking with Reuters, Caterham chairman Tony Fernandes reportedly said that the carmaker is looking to become a global premium player.
"Sports cars will do well but the city car and SUV are what the (Asian) market really wants," Mr Fernandes said. "If we get the SUV right it will be huge."
It appears Renault is on-board with the idea too, as the French carmaker is believed to be investigating the viability of such a project.
"This is a project for the Caterham brand based on a Renault platform and destined for Asian markets," a Renault spokeswoman said.
No details have emerged regarding the hatch yet, but Caterham will reportedly aim its Renault-based SUV at Range Rover Evoque buyers.