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 |  Mar 22 2010, 9:36 AM

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Fiat will bring a fully-electric version of the 500 to market, with production starting in 2012. The result of the Fiat/Chrysler alliance, the Fiat 500 EV will use a high-tech lithium-ion battery pack. It will also be developed and engineered by Chrysler at the company’s headquarters in Auburn Hills, Mich.

No information regarding power, acceleration, range or recharging time has been released, but Chrysler has said it will be priced competitively with other vehicles in the market.

“The alliance with Fiat presented new opportunities to merge Chrysler Group engineering knowledge with new platforms and the Fiat 500EV is an outstanding example of our efforts,” says Scott Kunselman, Senior Vice President Engineering—Chrysler Group LLC. “The Fiat 500 is a small, lightweight platform perfect for integrating electric-vehicle technology.”

Chrysler will also look to develop an EV-charging infrastructure and is currently looking for partners.

The Fiat 500 gasoline version will debut later this year for sale starting in 2011.

Official release after the jump:

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