A teenager who allegedly performed a burnout in his unregistered car before a wheel came off and struck a child has been identified as Blake Davey-Jennings.
Police allege Mr Davey-Jennings was behind the wheel of a blue Ford Falcon utility that began to spin its tyres when a traffic light turned green at the intersection of King Street and Morayfield Road around 4.30pm.
It's further alleged the rear passenger side wheel was then flung from the ute, hitting the boy who was walking with his family along a footpath outside Caboolture Square Shopping Centre.
The five-year-old suffered serious head injuries when he was struck by the tyre, but is now in a stable condition in hospital after undergoing treatment.
"He was not breathing at the time and had to be resuscitated before being transported," Queensland Police Sergeant Greg Price said.
"He's currently in the Queensland Children's Hospital in an induced coma."
Liani McCarthy told 9News she was working in an office near the intersection when she heard screeching tyres.
"We came outside work and saw the ambulance fly by, there was a whole bunch of people standing around and cops were already on scene," she said.
"They had the defibrillators out on the kid doing CPR and it was pretty horrendous."
Police have released bodycam footage showing the moment Mr Davey-Jennings was arrested at the scene.
"He appeared to be in shock," Sergeant Price said.
"He didn't really do anything."
He has been charged with a string of traffic offences, including dangerous operation of a vehicle causing grievous bodily harm, driving unlicensed, driving unregistered and driving a defective vehicle.