The company produced vehicles under the brand name Uz-Daewoo and is increasingly important in the markets of the CIS area. The initiative to establish the Uzbek automobile industry goes back to the administration of State President Islam Abdugʻaniyevich 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. The joint venture is owned by Uzavtosanoat JSC (75%) and General Motors Corporation (25%). GM Uzbekistan produced 106,334 units during the first half of 2011.