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Rolls Royce to Produce Electric Phantom

CNBC Asia Pacific
Tuesday, 22 Feb 2011 | 9:40 PM ET

This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific.

Hello, I'm Christine Tan and you're watching "Asia Market Daily".

Luxury carmaker Rolls Royce is planning to make an electric version of its popular Phantom model.

But the car will not go into mass production. Instead, the one-off vehicle will be unveiled on March 1st, at the Geneva Motor show.

The green-friendly Phantom will then be taken on a world tour, to gauge consumer demand for an electric version.

And if last year's sales are anything to go by, the car could be quite popular in Asia.

(SOT) Torsten Müller-Ötvös, CEO, Rolls Royce:
We have seen, as already said, fantastic growth in all Asian markets this year. Is it Korea, is it India, is it China? So literally all over the field. When it will say surpass the United States, that's hard to predict.

China has already overtaken the UK to become Rolls Royce's second biggest market in the world, posting growth of more than 600 percent last year.

(SOT) Torsten Müller-Ötvös, CEO, Rolls Royce:
We are now going into eight dealers, we have eight dealers in the Chinese market. But we are definitely will see more until the end of that year.

That wraps up the latest "Asia Market Daily".

I'm Christine Tan from CNBC.

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