Production will start in the second half of 2011. The deal was signed by Fiat's CEO Sergio Marchionne and Chinese officials in Rome.
Fiat, which has just taken a 20 percent stake in U.S. auto maker Chrysler, has long sought a strong partner in China, where car sales are booming in contrast to slack demand in Europe and the United States.
It pulled out of a joint venture with Nanjing Automotive in 2007 and then in March 2009, a planned venture with Chery Automobile Co was postponed by the Chinese company.
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