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"The Fiat 500 is a small, lightweight platform perfect for integrating electric-vehicle technology," said Scott Kunselman, SVP of engineering for Chrysler.
According to Chrysler, all powertrain engineering and vehicle development will take place at Chrysler Group headquarters in Michigan. Today's announcement did not, however, say where the actual cars will be manufactured/
They did not announce a price for the car, but they did say the MSRP "will be competitive with similar electric vehicles in the market."
Chrysler announces electric Fiat 500 for the U.S. in 2012 [USA Today]