GM is selling a $5,000 electric car in China [View all]

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General Motors will start selling a tiny electric car in China this week that will cost about $5,300 after national and local electric vehicle incentives, according to GM. Prices for the car start at about $14,000, before incentives.

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. That's about 10 inches shorter than Daimler's (DDAIF) Smart ForTwo, a car that is already remarkable for its stubby proportions.

The E100, which is Baojun's first electric car, is powered by a single 39-horsepower electric motor and has a top speed of 62 miles an hour. The E100 can drive about 96 miles 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.

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% of all electric cars sold worldwide, according to the International Energy Agency.

https://money.cnn.com/2017/08/07/autos/gm-china-electric-car/index.html