Great Wall Motors of China says it was exploring a bid for the parent company of Jeep, Maserati, Dodge, Ram and Alfa Romeo.
“We have the willingness to buy FCA,” a company spokesperson said, adding that Italian-American group fits its “needs.”
A deal, however, does not appear to be imminent.
Fiat Chrysler said in a statement that it has “not been approached by Great Wall Motors.”
It was not clear whether Great Wall would target all of Fiat Chrysler, or only the Jeep brand.
Fiat Chrysler has been boosting sales of Jeep models in China, producing them through a joint venture with Guangzhou Automobile Group.
A Chinese takeover of Jeep could make a lot of sense because it would give the new owners an easy way of expanding quickly in the U.S.