In 2005, a restyled model M200, based on the Chevrolet M3X concept car shown at 2004 Paris Motor Show, was launched. The S-Tec engines are updated and the car's drag coefficient is lowered, resulting in better fuel economy. One notable feature of this car is its centre-mounted instrument cluster. The car will be sold with the Chevrolet brand in most parts of the world; the Matiz name is retained in Western Europe and Asia but Spark is used elsewhere.

Chevrolet Matiz/Spark (M200)This new 2005 Chevrolet Matiz did not score well in the Euro NCAP crash test, being awarded three stars with one being struck out: "The final adult occupant protection star is struck through because there was an unacceptably high risk of life-threatening injury to the chest in side impact."