Economy17/01/2008UzDaewooAuto to launch production of updated Nexia soon
"Presently, testing of the updated Nexia is being held in the plant and, as expected, its mass production will start from February 2008," he said. It is expected that the first Nexia New will be supplied to Russia in February-March this year.
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. The new version will have different front and rear bumpers, lightning elements, interior and control devices.
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.