The V200 is a further development of the Daewoo Leganza (model V100), based on a stretched platform of that model. Launched in 2000, it was sold alongside the Leganza in Korea until the end of V100's production in 2002, when it also superseded it in export markets. The V200 itself has been given an extensive facelift for 2006, which resulted in the model known as V250, or Daewoo Tosca in Korea. The V250 will completely supersede all versions of the V200 during 2006.
The Evanda comes equipped with the Daewoo-developed XK6 inline-6 engine (DOHC 24V, 155hp (116kW) at 5800 rpm, 177lb·ft (240N·m) of torque at 4000 rpm - Canadian specification) or a Holden-built 2.0L E-TEC II Inline-4 (DOHC 16V) carried over from the Leganza. ItalDesign of Italy was responsible for the styling and design of both the Leganza and Magnus. However, the upcoming V250 was styled in Korea by GM Daewoo.
The V200 was marketed as Daewoo Evanda in Western Europe, and Chevrolet Evanda in many Eastern European countries where GM did not use the Daewoo brand, as locally-manufactured versions of old Daewoo models were still sold under that marque. The Evanda replaced the Leganza, and also the Chevrolet Alero. Later, in 2004, the entire Daewoo brand was replaced by Chevrolet in all Europe, with models renamed accordingly.
The Evanda was also badge-engineered as the Suzuki Verona in the United States and Canada, and Chevrolet Epica in other markets including China and Arabia. However, Suzuki announced it would drop the Verona after the 2006 model year due to poor sales.
Chevrolet Epica (Canada)
Since 2004 (on which it sold alongside the Suzuki Verona), the Chevrolet Epica was sold in Canada in two trim levels, the LS and LT. It replaced the Oldsmobile Alero since the marque's phaseout in 2004, as most Chevrolet dealerships sold Oldsmobiles. For model year 2005, both versions feature the 2.5 liter inline-6, driving the front wheels through an electronically controlled four speed automatic transmission. The car is positioned as an economical luxury entry, with the LS model equipped with 8 way power seat, 15 inch alloy wheels, 4 wheel disc brakes, air conditioning, cruise control, and CD player. The LT version adds traction control, ABS, and sunroof, all also optional for the LS model. Base price is $24,710 (Canadian) for the LS and $27,400 (Canadian) for the LT. In price, it is Chevrolet's top-of-the-line sedan in Canada, priced between the Malibu and Impala, but slotted in size between the Cobalt and Malibu. Sales of the Epica have been slow in Canada, with the Impala and Malibu outselling those two models. The Chevrolet Epica is also sold as such in Chile.