TASHKENT, July 9 (Xinhua) -- Uzbek state-run company Uzavtosanoat has been tasked with producing 350,000 units by 2023, the president's press service said Monday.
President Shavkat Mirziyoyev also instructed the company to increase export volumes to at least 100,000 units per year, the press service said in a statement.
Uzavto Motors, a joint venture of Uzavtosanoat with U.S. auto producer General Motors, currently produces 250,000 vehicles per year. The company was renamed from GM Uzbekistan on July 1, local media reported.
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.
