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UzAuto Motors

Formerly	Uz-DaewooAuto (1992–2001) GM Uzbekistan (2008–2019)
Company type	Joint venture
Traded as	Tashkent Stock Exchange: UZMT
ISIN	UZ7003040001
Industry	Automotive
Predecessor	GM Uzbekistan (2008–2019)
Founded	March 2008; 16 years ago (2008-03)
Fate	Acquired by the Government of Uzbekistan in 2019
Headquarters	81 Humo Street, Asaka, Uzbekistan
Number of locations	2 production plants (Asaka, Pitnak) and 1 branch (Tashkent)
Key people	Bo Inge Andersson, CEO
Products	Automobiles
Production output	327 thousand vehicles (2022)
Brands	Chevrolet Ravon
Revenue	3,265,415,000 USD (2022)
Net income	235,119,000 USD (2022)
Owner	Publicly traded company (99,7% owned by the state through Uzavtosanoat, 0,3% private equity)
Number of employees	16,000 (August, 2023)
Parent	UzAvtosanoat JSC (99.7%) through its subsidiary PVM LLC
Website	uzautomotors.com

UzAuto Motors (formerly GM Uzbekistan) is an automotive manufacturer owned by the Government of Uzbekistan. It is based in Asaka, Uzbekistan. It manufactures vehicles under the marques Chevrolet and Ravon, which is Uzbek for calm and straight road or easy journey.

It was formerly partly owned by General Motors and, in 2019, it was acquired by the Uzbekistan Government and renamed "UzAuto Motors". By February 2023, the company completed an IPO on the Tashkent Stock Exchange.

History

The company was founded in 1992 between the Uzbek state-owned UzAvtosanoat and the South Korea-based Daewoo, and was initially known as "Uz-DaewooAuto" (Uzbek: O'z-DeuAvto). The company began production of vehicles on 19 July 1996, at the new assembly plant in Asaka.

Uz-DaewooAuto produced vehicles under the brand name Uz-Daewoo. The initiative to establish the Uzbek automobile industry goes back to the early 1990s and the administration of President of Uzbekistan Islam Karimov.

Following Daewoo's collapse in 2001, and resulting change of ownership, "GM Uzbekistan" was eventually established in March 2008 as a new replacement joint venture, and the Nexia and Matiz were sold under the Chevrolet badge together with an extended range of GM Korea Chevrolet models produced at the Asaka factory.

Daewoo was acquired by General Motors and became GM Daewoo. Subsequently, the facility was renamed "GM Uzbekistan" in 2008. The joint venture was owned by UzAvtosanoat JSC (75%) and General Motors (25%). GM Uzbekistan produced 106,334 units during the first half of 2011.

Given the change in name and ownership, the model range changed, although the company continued producing Uz-Daewoo branded vehicles until 2015. Some models based on these are still sold as Chevrolets.

GM Uzbekistan began production on 27 November 2008. The first assembled car on this day was a Chevrolet Lacetti which also was the 1,000,000th assembled vehicle out of the production from UzAvtosanoat. Chevrolet manufactured the Chevrolet Spark M300 in Asaka, a model for now intended only for export. The models are assembled as knock-down kits.

Following an agreement in 2008, "GM Powertrain Uzbekistan" opened an engine plant in Tashkent, 400 kilometres (248.5 mi) from GM Uzbekistan's vehicle manufacturing facility in Asaka, in November 2011. The factory is GM's first engine plant in Uzbekistan and has a production capacity of 225,000 1.2L and 1.5L Daewoo S-TEC engines per year for use in GM small passenger cars worldwide.

Another plant produced 200,000 units of front- rear- and side windows for the vehicles of the Uz-DaewooAvto and the Chevrolet Lacetti. A third production facility was opened in 2014 in Pitnak, Khorezm Region, manufacturing the Damas/Labo microvans and the Chevrolet Orlando minivan.

In 2010, about 5,000 people were employed at the GM Uzbekistan assembly plant. GM Uzbekistan sold 121,584 vehicles locally in 2011, making the country the eighth-largest market for Chevrolet and produced more than 225,000 vehicles. Its products are also exported to Russia and other CIS countries.

In 2012, the Chevrolet Malibu and the Chevrolet Cobalt were added to the production line, followed by the revised Daewoo Gentra model in 2013, the Chevrolet Orlando in 2014, and the Chevrolet Nexia T250 in 2015.

In 2019, the Government of Uzbekistan acquired the company and renamed it "UzAuto Motors".

In 2020, UzAuto began importing the Chevrolet Equinox, Trailblazer, Traverse, and Tahoe SUVs, with intent to produce them locally if there is sufficient demand. UzAuto phased out the Ravon brand in 2020, merging it back into the Chevrolet brand as the Chevrolet Spark (R2), Nexia (R3), Cobalt (R4), and Lacetti (R5/Gentra).

In April 2021, the company announced plans to produce Chevrolet-branded vehicles for the Russian market.

In August 2021, Bo Andersson was named chief executive officer of the company.

Since 2022, the company ceased exports to Russian and Belarus markets due to international sanctions. Ukrainian exports were temporarily stopped due to logistical limitations.

In October 2022, the company announced its intention to IPO on the domestic market. In late November the company announced its pricing. Ths IPO will be one of three "People's IPOs" planned by the government in the next couple of years. In 2022, Fitch Ratings upgraded the company's rating to "BB-, Outlook Stable". The company created monopoly in the country, as a result locals do not have many choices other than buying its cars with higher price. That's also because of high custom tariffs when individuals import foreign brand cars into Uzbekistan.

Currently produced models

• Chevrolet Damas (1996–present)
• Chevrolet Labo (2015–present)
• Chevrolet Cobalt (previously Ravon Cobalt/R4) (2012–present)
• Chevrolet Onix (2023–present)
• Chevrolet Tracker (2022–present)

Currently imported models

• Chevrolet Malibu - 9th generation (2020–present)
• Chevrolet Trailblazer 2nd generation (facelift) (2020–present)
• Chevrolet Tahoe - fifth generation (2020–present)
• Chevrolet Equinox - 3rd generation (facelift) (2020–present)
• Chevrolet Traverse - 2nd generation (facelift) (2020–present)
• Chevrolet Captiva - 2nd generation (Baojun 530) (2021-present)

Formerly produced models

• Daewoo Tico (1996–2001)
• Daewoo Nexia (N100, 1996–2008)
• Daewoo Nexia II (N150, 2008–2016)
• Chevrolet Nexia III (T250) (previously Ravon Nexia/R3) (2015–2023)
• Chevrolet Epica (2008–2011)
• Chevrolet Orlando (2014-2018)
• Ravon Matiz R1 (2001-2018)
• Chevrolet Spark (previously Ravon Spark/R2) (2010–2023)
• Chevrolet Captiva (2008–2018)
• Chevrolet Malibu (Gen 8) (2013–2016)
• Chevrolet Malibu (Gen 9) (2017–2019)
• Chevrolet Tracker (2018-2020)
• Chevrolet Lacetti (2003–2013) (previously Ravon Gentra/R5) (2013–2024)

Gallery

Currently produced cars

• Ravon Cobalt R4
• Chevrolet Damas
• Chevrolet Labo
• Tracker 2019
• Chevrolet Onix

Discontinued models

• Daewoo Tico
• Daewoo Nexia 1, Daewoo Nexia 2
• Chevrolet Captiva I
• Chevrolet Epica
• Chevrolet Tacuma
• Chevrolet Lacetti
• Chevrolet Orlando
• Ravon Matiz R1
• Chevrolet Captiva II
• Chevrolet Malibu
• Chevrolet Tracker
• Chevrolet Spark (alternative name: Ravon R2)
• Ravon Nexia R3/Chevrolet Nexia 3

References

1. "GM Uzbekistan to build Chevrolet small car". autoevolution. 15 February 2010.
2. "Акции UzAuto Motors размещены на фондовой бирже "Ташкент"". Газета.uz (in Russian). 17 February 2023. Retrieved 18 February 2023.
3. ^ "Asaka automobile plant turns 13". UZ Daily. 17 July 2009.
4. ^ "In Uzbekistan, a Chevy on every corner". Reuters. 5 September 2012.
5. "Uzavtosanoat website". Archived from the original on 23 May 2013. Retrieved 4 May 2011.
6. "Ozarbay̆zhon Ŭzbekystondan Chevrolet-Captiva sotyb olady". Ozodlik radiosi (in Uzbek). 10 September 2011. Retrieved 9 October 2011.
7. Gerden, Eugene (7 February 2020). "Former GM Uzbekistan JV Eyes Growth". Ward's.
8. "GM Opens Engine Plant in Uzbekistan" (Press release). General Motors. 15 November 2011.
9. "Поставщик автостекла для GM Uzbekistan". chevrolet-uz.com. 10 February 2009.
10. "GM Uzbekistan increases production capacities by 20%". UzDaily.com. 5 November 2015.
11. "Assembly plants". UzAvtosanoat.uz. Archived from the original on 31 March 2016. Retrieved 15 April 2016.
12. "Chevrolet Launches Malibu in Uzbekistan" (Press release). General Motors. 20 March 2012.
13. "GM Uzbekistan presents new sedan Gentra (photos)". UzDaily.com. 24 May 2013.
14. "GM Uzbekistan presents mini-van Chevrolet Orlando". UzDaily.com. 10 March 2014.
15. "GM Uzbekistan Now Wholly Owned By Uzbek Government | GM Authority".
16. "UzAuto Importing Chevrolet Crossovers | GM Authority".
17. ""UZAUTO MOTORS" ЭКСПОРТ БОЗОРЛАРИДА АВТОМОБИЛЛАРНИ CHEVROLET БРЕНДИ ОСТИДА СОТИШНИ БОШЛАМОҚДА" [UZAUTO MOTORS STARTS SALE OF CARS UNDER CHEVROLET BRAND IN EXPORT MARKETS]. 16 February 2020.(in Uzbek)
18. Gerden, Eugene (24 May 2021). "UzAvtoMotors Ready to Expand Chevrolet Range in Russia". Ward's.
19. "Industry veteran Bo Andersson appointed CEO of UzAuto Motors". Automotive News. 24 August 2021.
20. "GM stops exporting cars to Russia". CNN Business. 28 February 2022. Retrieved 21 October 2022.
21. "UzAuto Motors prepares for IPO". Retrieved 18 January 2024.
22. "UzAuto Motors launches subscription campaign for third IPO in Uzbekistan's history". December 2022.
23. "Fitch Upgrades JSC UzAuto Motors to 'BB-'; Outlook Stable". Retrieved 18 January 2024.

External links

• Official website

v t e Automotive industry in Uzbekistan
Automotive industry Economy of Uzbekistan Transport in Uzbekistan
Manufacturers	Vehicles Man Auto UzAuto Motors SamKochAvto Autoparts GM Powertrain
Foreign subsidiaries	General Motors

v t e Automotive industry in the Soviet Union
Armenian SSR	ErAZ
Azerbaijan SSR	BakAZ KiAZ
Byelorussian SSR	BelAZ MAZ MZKT MoAZ Neman Unison
Estonian SSR	ToARZ Estonia
Georgian SSR	KAZ
Kirghiz SSR	FAZ
Latvian SSR	RAF VFTS RBVZ
Lithuanian SSR	KAG
Russian SFSR	AMUR Avtokam AvtoKuban AvtoVAZ AZLK Moskvitch BAZ GAZ GolAZ Izh-Avto KAMAZ KAvZ KZKT LiAZ NAMI NATI NefAZ PAZ UAZ UralAZ ZiL ZMA
Tajik SSR	ChAZ
Ukrainian SSR	LuAZ KrAZ LAZ OdAZ Stryi Bus Plant AvtoZAZ ZAZ MeMZ IZAA DAZ KhTZ KMDB

v t e General Motors
Divisions and subsidiaries	Vehicle brands Buick Cadillac Chevrolet GMC Denali Hummer BrightDrop Service brands ACDelco BrightDrop Chevrolet Performance Cruise Dexron GM Certified Service GM Defense GM Financial OnStar Global subsidiaries Argentina Brazil Canada Chile Colombia Egypt Japan Mexico New Zealand GM Specialty Vehicles Cadillac Europe
Shareholdings	DMAX (60%) GM Korea (77%) HRL Laboratories (50%) Industries Mécaniques Maghrébines (20%) SAIC-GM (50%) SAIC-GM-Wuling (44%) Baojun
Products and technologies	Platforms Transmissions Hybrids Vehicles Engines I3 Family 0 SGE E-Turbo I4 Family 0 SGE Family 1 MGE Family II Ecotec V6 High Feature Gen V V8 Gen V Gemini V8 Electric EV1 BEV2 Ultium BEV3
Former divisions, joint ventures and subsidiaries	Allison Engine (1929–1995) Allison Transmission (1929–2007) Ally Financial (1919-2013) Atlantic Aircraft Bendix (24%) (1924–1948) Chevrolet Europe (2005-2016) Chevrolet-Saturn of Harlem (2006–2011) Cleveland Diesel (1938–1962) Dayton-Wright (1919–1923) Delco Electronics Delphi (1994–1999) Delta Motor Corporation (1997-2004) Detroit Diesel (1938–1988) DirecTV (1994–2003) Electro-Motive Diesel (1930–2004) Electronic Data Systems (1984–1996) Euclid Trucks (1953–1968) FAW-GM (2009–2019) Fisher Body (1925–1984) Fleetwood Metal Body (1925–1984) Frigidaire (1919–1980) Ghandhara Industries (1953–1963) GM-AvtoVAZ (2001–2019) GM Diesel (1949–1969) GM Diesel Division (1938–1987) GM Europe (1986–2017) GM India (1995–2020) GM South Africa (1913–2017) GM Thailand (2000–2020) GM Uzbekistan (2008–2019) GM Vietnam (1993–2018) GMAC Real Estate (1998–2008) GMC Heavy Trucks Holden (1948–2020) Holden Special Vehicles Hughes Aircraft (1985–1997) Hughes Electronics (1985–1997) Hughes Network Systems (1987–2003) HughesNet (1996–2003) Kettering University Maven (2016–2020) National City Lines NUMMI (1984–2009) New Venture Gear (36%, 1990–2002) Nexteer (2009–2010) North American Aviation (1933–1948) Nuvell (1997–2008) Opel (1931–2017) PanAmSat (1995–2003) Remy Electric (1918–1994) Rochester Products Terex United Australian (1989–1996) Vauxhall (1926–2017) Yellow Coach (1925–1943)
Facilities	GM Building (Broadway) GM Building (Detroit) GM Building (Manhattan) GM Technical Center GM Proving Grounds Factories (list) Renaissance Center General Motors Research Laboratory
People	William C. Durant (Founder) Mary Barra Alfred P. Sloan Tim Solso
Sponsorship	World of Motion Test Track (1999–2012 and from 2025 onwards under all of GM, Chevrolet only 2012–2024)
Related topics	History Companion make program Ignition switch recalls Motors Liquidation Company Motorama Reorganization Streetcar conspiracy 1945–46 strike 2007 strike 2019 strike Commercial Utility Cargo Vehicle Concept of the Corporation
Category Commons

• 2008 establishments in Uzbekistan
• Car manufacturers of Uzbekistan
• Chevrolet
• Former General Motors subsidiaries
• GM Korea
• General Motors joint ventures
• Vehicle manufacturing companies established in 2008
• Vehicle manufacturing companies established in 1992