GM is selling a $5,000 electric car in China

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(CNN Money) — General Motors (GM) will start selling a tiny electric car in China this week that will cost about $5,300 (around ₱252,000) after national and local electric vehicle incentives, according to GM.

For that sort of price, the Baojun E100 is no Cadillac, of course.

The two-seat car's wheelbase — the distance from the center of the front wheels to the center of the rear wheels — is just 63 inches (around 1,600 millimeters). That's about 10 inches (254 millimeters) shorter than Daimler's Smart ForTwo, a car that is already remarkable for its stubby proportions.

General Motors could not immediately confirm the full price of the car before incentives.

The E100 is powered by a single 39-horsepower electric motor and has a top speed of 62 miles an hour (100 kilometers per hour). The E100 can drive about 96 miles (around 155 kilometers) on a fully charged battery, according to GM.

The E100 does offer some amenities, such as an entertainment system with a 7-inch screen and built-in WiFi.

All versions of the car will have parking sensors and pedestrian alert systems among other safety features. High-end models are available with a touchpad and keyless entry.

Baojun is a mass-market car brand from General Motors' SAIC-GM-Wuling joint venture in China. It's China's eighth most popular car brand, according to data from LMC Automotive, ranking below brands like Volkswagen, Toyota, Honda and Buick.

The E100 is Baojun's first electric car.

More than 5,000 people have already registered to buy the first 200 vehicles, according to GM. Another 500 vehicles are being made available this week.

Sales will initially be limited to the Guanxi region of southern China. GM couldn't immediately say how it will choose which potential buyers get to take home the E100.

China is the largest automotive market in the world, and its government is making a big push for electric cars. Already, China accounts for 40 percent of all electric cars sold worldwide, according to the International Energy Agency.

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