BAKU, Azerbaijan, July 16
By Ilkin Seyfaddini - Trend:
Factories of Uzbekistan increased production of vehicles in the period from January through May 2020 by 19 percent compared to the same period of 2019, Trend reports citing Russian Automotive Market Research.
In May 2020, among CIS countries, the increase in passenger car production was recorded only in Uzbekistan (plus 11 percent compared to the same period of 2019).
The volume of production of trucks in Uzbekistan decreased by 29 percent following the results of five months of 2020,. In May 2020, the volume of production of trucks in Uzbekistan decreased by 37 percent compared to May 2019.
The dynamics of bus production in Uzbekistan from January to May 2020 remained negative (- 41 percent).
In the period from January through May 2020, Uzautomotors JSC produced 29,400 cars of Nexia brand (growth by 2.6 percent compared to the same period of 2019), 39,100 Cobalt cars (+52 percent), 21,300 Gentra cars (+32.1 percent), 22,200 Damas cars (+19 percent), 12,200 Spark cars (+54.9 percent) and 2,800 Labo cars (decrease by 15 percent).
General Motors Uzbekistan JSC with a production capacity of 250,000 cars per year was established in 2008 on the basis of Uzbek-Korean joint venture UzDaewoAuto, which passed under control of American General Motors, after the bankruptcy of Daewoo Corporation.
In May 2019, the board of Uzavtosanoat JSC, which owns the majority of car manufacturing enterprises in Uzbekistan, renamed General Motors Uzbekistan JSC into Uzavtomotors JSC.
Initially, it was assumed that on the local market, cars will be sold under the brand name Chevrolet in the local market, and under Ravon brand abroad. Since this year, exported cars have also been sold under the brand name Chevrolet.
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