According to the most recent reports, LG is planning to release a new Nexus smartphone, which is expected to be more expensive than the Nexus 5.
The reports about this new handset suggest that the new Nexus will be made available in the Google Store from 29th September 2015. The speculated name for this product is expected to be Nexus 5X Moniker and might be priced at $400.
However, these reports have not been confirmed by Nexus officially. So we only have to wait and watch.