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: ). 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, 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