A couple of months ago, as part of our coverage of the 2010 Detroit International Motor Show, we showed you an all-electric version of the venerable Fiat 500 that was on display at the event. At that time, Fiat said that the electric 500 was a technology test bed for future models, but was staying tight-lipped about any other details. This Monday, Fiat-owned Chrysler Group announced that it will be producing the 500EV for the US market, starting in 2012.

All of the powertrain engineering and vehicle development will be based out of Chrysler’s Michigan headquarters. The powertrain itself will be comprised of a high power electric module, a lithium ion battery, and a control unit for managing power flows.

There is no word yet on pricing, other than that it will be competitive with similar EV’s in its market. Last year, Chrysler announced that it will be building the combustion-engined version of the 500 for the North American market. It should be coming out later this year. As Fiats aren’t currently sold under their own name in North America, it will be interesting to see whether or not the 500/500EV gets rebranded as a Chrysler.