UPDATE 1-Chery Auto says China can combine quality, low price


(Adds Chery's MOU deal with Fiat in para 16) By Fang Yan SHANGHAI, Sept 21 (Reuters) - When Chery Automobile, China's only big carmaker without a foreign joint venture partner, signed a deal in July to supply small cars to Chrysler, it was the first formal recognition that a home-grown Chinese car was good enough for the U.S. market. But Chery is no high-priced brand in its home country. China's fourth-largest carmaker, and one of its fastest-growing, makes one of its cheapest ...

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