Currency rates from 30/09/2024
$1 – 12715.42
UZS – -0.17%
€1 – 14190.41
UZS – -0.02%
₽1 – 137.00
UZS – -0.44%
Search
Economy 02/07/2008 GM Uzbekistan starts mass production of new Nexia
The updated version of Nexia will be sold on the domestic market under the Chevrolet brand, and the export variant will carry the traditional Daewoo badge.

Shukhrat Yusupov, director-general of GM Uzbekistan, the company spent US$10 million to restyling of Nexia.

It is expected that the plant will produce 70,000 new Nexia cars this year, of which 80% will go to export to Russia. It is planned to hold this model in market till 2010.

As reported earlier, UzDaewooAuto signed a contract with Concept Group in 2005 for the development of design and introducing changes in the production of Nexia car. Initially, it was planned to launch production of new Nexia in 2006, but the terms were changed due to the search for a strategic partner.

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.
Stay up to date with the latest news
Subscribe to our telegram channel