―ILM-FAN VA TA‘LIMDA INNOVATSION YONDASHUVLAR, MUAMMOLAR, TAKLIF VA YECHIMLAR‖ MAVZUSIDAGI
4-SONLI RESPUBLIKA ILMIY-ONLAYN KONFERENSIYASI
30 - SENTABR 2020 - YIL
―UzACADEMIA‖ scientific-methodical journal
287
www.academiascience.uz
storage - 161 (2.9 percent), accommodation and meals services - 220 (four percent and
construction - 291 (5.3 percent). In total 5,517 companies are operating in Uzbekistan
with the participation of foreign capital. Of these, 70.8 percent (3,905) account for non-
CIS countries, and 29.2 percent (1,612) for the CIS countries.Among the CIS countries,
the number of companies with the participation of Russian capital are 1,035, with the
participation of Kazakhstan - 281, Azerbaijan - 91, Ukraine - 58, Kyrgyzstan - 57 and
other countries - 90. Of the 3,905 companies with foreign capital, 812 companies account
for China, 510 for the Republic of Korea, 508 for Turkey, 503 for Great Britain, 189 for
the United States, 129 for Iran, 125 for India, 123 for Afghanistan, 114 for Afghanistan
and other countries - 894.
GM Uzbekistan, the Uzbek arm of General Motors, is now wholly owned by a state-
run holding company and has been renamed UZAUTO Motors.
GM Uzbekistan was once a joint venture between the state-owned Uzbek OJSC
UzAuto Motors and General Motors itself, with UzAuto Motors having a 75% stake and
GM holding the remaining 25%.
The company was first established in 1996 as part of a joint venture between the
Uzbek government and Korean brand Daewoo. This initial joint venture was called
UzDaewoo Auto; however, it was eventually renamed GM Uzbekistan after GM acquired
Daewoo‘s assets in 2001.
GM Uzbekistan markets cars under both the Chevrolet and Ravon brands. These
include the Chevrolet Tracker, Malibu, Labo and Damas along with the Ravon Matiz,
Cobalt, Lacetti, Spark, and Nexia. The company formerly sold cars under the Chevy
brand only before launching the Ravon budget brand in 2015. Ravon cars are also
exported from Uzbekistan to Russia. The GM subsidiary operates three production sites: a
main site in Asaka and two secondary sites in Tashkent and Pitnak. It employed 5,000
people as of a 2010 census and had an annual production rate of around 130,000 vehicles
per year. By 2018, the company increased its production up to 250,000 cars. In 2019,
UzAuto Motors has been tasked with producing 350,000 units by 2023. President Shavkat
Mirziyoyev also instructed the company to increase export volumes to at least 100,000
units per year. The president asked Uzavto Motors to increase localization and "establish
the production of several car brands based on a single platform," said the statement. The
measure aims to cut down the material and time cost brought by multi-platforms where
the company currently produces five types of cars. The first half of 2019 saw Uzbekistan
auto production volume grow by 154 percent year-on-year, with exports worth nearly 73
million U.S. dollars, the statement said. The country also pursued more foreign direct
investments, especially from Chinese and Japanese enterprises.
In early June GM Uzbekistan announced it would begin producing the Chevrolet
Trailblazer, Chevrolet Equinox and Chevrolet Traverse crossovers in the country. The
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