Chery has apparently been given the go ahead from authorities in Beijing to start building a new homegrown hybrid car based on their compact A5 sedan. The A5 hybrid is expected to go into production late in 2008 at a price that should start somewhere around $18,500. That sticker would put it well under a Prius or Civic Hybrid which run about $35,000 or more. Other than a 1.3L engine nothing else is known about the Chery hybrid system. Chery will be providing fifty cars for the use of officials during this summer's Olympic games in Beijing, forty of which should be the new hybrids.

[Source: China Car Times]

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