General Motors (GM) has launched the all-electric Chevrolet Menlo sedan, featuring a starting price tag of $23,000, and a 230-mile driving range. As enticing as the electrified car may be to some vehicle owners, there’s a bit of catch that could put off some buyers.

The Menlo is only designated for the Chinese market. GM launched the fully-electric car in four variants but won’t be selling the vehicle in the U.S. or European markets, despite increasing emissions requirements.

The Menlo is destined for Beijing first, where GM said it will be priced from RMB 159,900 ($22,738) to RMB 179,900 ($25,582) after national subsidies. The appealing vehicle was inspired by the Chevy FNR-X, giving the Menlo its sporty crossover look.

“Along with being a new energy vehicle, the Chevrolet Menlo inherits Chevrolet’s sporty DNA that dates back to its founding by race car drivers,” Scott Lawson, general director of Chevrolet for SAIC-GM said in a statement. “It will meet the performance and styling demands of our customers and at the same time provide the efficiency that new energy vehicle owners expect.”

The sedan has modern features such as a floating roofline, LED lights, panoramic skylight, and LCD display screen. Additional features include laminated glass for sound and heat insulation, as well as UV rays protection.

The Menlo also has a 110-kW power output with 350 Nm of torque. The battery can charge to 80% capacity in 40 minutes with a DC fast charger. Three driving modes are also incorporated into the sedan along with three energy recovery modes for added energy efficiency.

The sedan is also outfitted with safety features such as a stability program, forward collision alert, lane departure warning, side blind zone alert, automatic parking assist, flowing distance indicator, and tire pressure monitoring system. OnStar 4G LTE data service is also offered free every year up to 100G.

Warranty on the vehicle is eight years or 160,000 km (99,419 miles) for the battery, motor, or electric control system.

Shares of General Motors stock were down 5.15% as of 12:15 p.m. EST on Monday.

Chevy Menlo
The Chevrolet Menlo has a constant-speed range of up to 410 kilometers under New European Driving Cycle (NEDC) conditions on a single charge. General Motors