That is one pretty Nissan C130 Laurel, affectionally known as the Butaketsu, or "Pig's Butt" Laurel, due to its large rear and bumper-embedded tail lights. And it is purely Japanese.
Hot Wheels has already replicated several Japan-only models, including several Skylines, but the Laurel definitely goes a little deeper. It is not as well known in places like the US as much as the Skyline. But JDM is JDM, and as the bosozoku-inspired Mad Manga has proven, unfamiliar can still become popular among the collector set.
But JDM is JDM, and my guess is this beauty will be immensely popular when it hits. Then we can enjoy the "I've liked the Laurel much longer than you" arguments among the more insecure "car guys", while the rest of us enjoy what looks to be a fantastic casting.
For me, kudos to the team for doing this one. It is exciting to see.