Fiat has submitted three plans involving proposed tieups with three local automakers to the National Development and Reform Commission (NDRC), the central government’s planning agency, the Beijing Times has reported.
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Citing unidentified sources, the newspaper said that Fiat intends to set up a joint venture either with Guangzhou Automobile Industry Group Co Ltd or with Chery Automobile Co Ltd.
It may also sign a deal with Chongqing Changan Suzuki Automobile Co Ltd, a joint venture between Chongqing Changan Automobile Co Ltd and Suzuki to make a Fiat model in China.
Fiat and Suzuki jointly developed a sedan called the Sedici, which Suzuki has been selling in China.
The report noted that it is now much easier for Fiat to expand in China with government approval as the economy is slowing.
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By GlobalDataLast year, Fiat signed an agreement with Chery to set up a 50:50 joint venture to produce and distribute Chery, Fiat and Alfa Romeo brands in China.
