Fiat and Chery officially announced a joint partnership today that will see the Chinese automaker producing 175,000 Fiat and Alfa Romeo vehicles in China in addition to 100,000 Fiat motors. This comes after last week’s rumor that the two automakers would partner. It’s expected that most of the vehicles would be for the Chinese market, which Fiat has already entered with Nanjing Automobile.
It’s not known just where the rest of the vehicles will wind up, but other Asian markets are by far the most likely possibility. Fiat’s partnership with Nanjing deteriorated when the Chinese company fell short on its pledged investment, according to Fiat’s CEO, Sergio Marchionne.
It’s also not known just which Fiat and Alfa Romeo vehicles will be produced in China.
