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 Launched in 2000, it was sold alongside the Leganza in Korea until the end of V100's production in 2002, when it also superseded it in export markets.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.