Chrysler CEO Tom LaSorda is in China for the official signing, and has previously said that a new Chinese subcompact will fill a gaping hole in Chrysler’s US lineup. Chery also confirmed yesterday that it would make an announcement today, reports the Detroit News.
Under the new plans, Chery will likely build a new small car in China to be sold under the Dodge label for an estimated price tag of $10,000. Previous reports suggested that the car will be based on the Dodge Hornet concept car (pictured), which featured a supercharged 1.6L four-cylinder.