The venture produced the first party of products for headlights and lights for Matiz and Nexia car models. The products meet all international standards.

The charter capital of the joint venture is US$5.95 million, where Chasys (South Korea) holds 30% and Uzavtoprom possesses 70% in the venture.

The project capacity of the venture is 250,000 headlights and lights a year. South Korean AMS Co Ltd, subsidiary of Chasys Co. Ltd, supplied equipment to the venture.

The project was financed due to charter capital of the venture and the loan of Asaka Bank for US$15.2 million.

The volume of investments to automobile industry of Uzbekistan exceeded US$1.5 billion. Currently, the enterprises of industry produce glassware, batteries, fuel tanks, mufflers, seats, bumpers, wisp and electricity cable for engines, etc. Average localization of automobile industry makes up 40%.

General Motors (US) and Uzavtoprom completed process of creation of GM Uzbekistan on the base of UzDaewooAuto in March 2008. The capacity of the venture is 250,000 a year. General Motors holds 25% plus one share and possesses option to increase its share to 40%. Uzavtoprom possesses currently other 75% shares in the enterprise. GM Uzbekistan produces six models of vehicles.