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At around 6.35am police were called to the intersection of Old Coach Road and Southport Nerang Road in Ashmore after the Range Rover crashed into surrounding bushland.
The boy was found nearby the crash scene.
He was suffering from serious injuries and was transported to the Gold Coast University Hospital in a critical condition.
Police allege the vehicle was stolen from the neighbouring suburb of Carrara on Tuesday night or yesterday morning.
An investigation into the crash has been launched.
Police are appealing for anyone who witnessed the incident or who has dashcam footage of it to contact authorities.