Economy18/01/2008UzDaewoAuto increase car production by 26.5% in Jan-Nov 2007
The plant produced 78,281 Nexia cars (up 17.1%), 58,796 Matiz cars (up 32.2%), 19,446 Damas cars (up 36.1%), 1,722 Lecetti cars (up 4.5 times), 207 Epica cars, 863 Tacuma cars and 104 Captiva cars. The plant started to produce Epica, Tacuma and Captiva models in October 2007.
The company plans to produce 180,000 cars in 2007 and 200,000 in 2008.
UzDaewooAuto was established by the government of Uzbekistan and Daewoo Motor (South Korea). In 1996, the company commissioned a construction plant in Andijan region with a projected capacity of 200,000 cars annually.
Uzbekistan purchased 50% of Daewoo Motor in the joint venture in October 2005. UzAvtoProm currently holds 100% of UzDaewooAuto. The plant manufactures four models. The level of localization of spare parts at the enterprise makes up nearly 50%.
UzAvtoProm and General Motors founded the GM Uzbekistan joint venture in October 2007 to produce and sell Chevrolet cars in Uzbekistan on the basis of UzDaewooAuto.