Chrysler Group will introduce a Chinese-made small car in the U.S.coming year that retails for about half the price of its cheapest model, as it seeks to win back market share from Toyota Motor Corp. and Honda Motor Co.

The carmaker will begin selling Chery Automobile Co.'s A1 hatchback in the first quarter of 2008, Chery President Yin Tongyao announces today in Beijing. The 1.3-liter A1 cost starts from 53,800 yuan ($7,100) in China. Yin didn't say anything about the cost of A1 in the U.S.